World Footwear

World

US: stimulus checks fuel spending in athletic footwear and apparel

Apr 1, 2021 United States
US: stimulus checks fuel spending in athletic footwear and apparel
Data from the Bank of America Global Research reveals that Americans are buying more sneakers and apparel, as the stimulus checks reach the bank accounts of many Americans
Athletic footwear and apparel spending jumped significantly to +19.5% year over year for the week ending on the 13th of March, compared to +13.2% regiestered in the prior week, as stimulus payments began reach the consumer's bank accounts. According to data revealed by the BoA (Bank of America), 80% correlated with Foot Locker comparable sales since April 2014 and 81% correlated with Nike North America revenue since August 2016.

According to the same source, and as reported by Finance Yahoo, solitary leisure spending remained strong during the same period with golf categories on the rise "increasing 40.3% year over year vs. 30.9% for the prior week." Data also showed consumers bought more bikes, increasing +88.0% year over year for the week ending on the 13th vs. +74.5% the week prior.

Source: finance.yahoo.com

image credits: Sharon McCutcheon on Unsplash

Related Events

  • Apr
    2
    Apr 2-Apr 3, 2023 | Michigan, United States

    Metro-Michigan Women's Wear Market

  • Apr
    26
    Apr 26-Apr 28, 2023 | Nashville, United States

    Magic Nashville

  • May
    3
    May 3-May 4, 2023 | Tucson, United States

    NSRA Leadership Conference

  • May
    16
    May 16-May 18, 2023 | Maine, United States

    Global Supply Chain & Trade Conference

Related Organizations

  • Fashion Design Office

    Fashion Design Office

    United States
  • Fashion Institute of Technology

    Fashion Institute of Technology

    United States
  • Rubber and Plastics Footwear Manufacturers Association

    Rubber and Plastics Footwear Manufacturers Association

    United States
  • The Museum at FIT

    The Museum at FIT

    United States