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The Footwear Distributors and Retailers of America (FDRA) has analysed new sales data that has shown that the footwear industry has blown past previous annual records in 2021 and sits above $100 billion in total consumer spending. The jump in December’s sales pushed up full-year footwear spending to an unprecedented 29.8 per cent gain in 2021.
Total consumer demand for shoes now stands at a record $100.7 billion. Consumer spending on shoes jumped 20.5 per cent year over year in December 2021, FDRA said in a press release.
“The resiliency of the American footwear industry cannot be overstated. Despite major supply chain disruptions, higher tariffs and COVID, our companies blew past previous record sales and surpassed $100 billion in consumer demand for the first time ever. That is nearly $17 billion more than the previous record in 2019. It is an unbelievable triumph that speaks to how innovative, dynamic, hardworking and creative footwear professionals are across the US. Congratulations to our amazing members for literally the best year in history. We look forward to helping companies continue to boost their business, and we hope 2022 brings sustained lasting growth,” FDRA president and CEO Matt Priest said.
The Footwear Distributors and Retailers of America (FDRA) has analysed new sales data that has shown that the footwear industry has blown past previous annual records in 2021 and sits above $100 billion in total consumer spending. The jump in December’s sales pushed up full-year footwear spending to an unprecedented 29.8 per cent gain in 2021.
Fibre2Fashion News Desk (RR)
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