In the US, the rise in shoe prices has slowed down
18.01.2023 4146

In the US, the rise in shoe prices has slowed down

Overall, shoe prices increased by 4,6% last year compared to 2021, according to the Footwear Distributors and Retailers of America (FDRA) Association of Footwear of America. But by the end of 2022, there was a slowdown in growth, writes Worldfootwear.com.

Retail shoe price growth slowed in December 2022, with prices up only 0,8% compared to the same month in 2021, the slowest price increase in 21 months. Segment-wise, year-on-year prices for men's shoes rose 0,5%, women's shoes 0,1% and children's shoes 2,9%.

In general, these data confirmed the FDRA's forecasts of the highest rate of growth in US shoe prices in 2022 in the last forty years. The association also pointed to a slowdown in price growth at the end of the year, and expects this trend to continue throughout 2023 as inventory in the shoe market exceeds demand.

According to the Footwear Distributors and Retailers of America (FDRA) Association of Footwear Distributors and Retailers of America, in general, shoe prices increased by 4,6% last year compared to…
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