World Footwear


US: footwear industry sales to stabilize through 2025

Mar 6, 2023 United States
US: footwear industry sales to stabilize through 2025
Following the pandemic-fuelled instability experienced since 2020, US footwear sales are expected to stabilize over the next three years, growing at a steady pace of 1%, says the NPD Group
According to the latest Future of Footwear forecast by the market research analyst The NPD Group, the footwear industry is expected to grow sales revenue at the slow and steady pace of 1% through 2025, with unit sales beginning to improve in 2024, as the pressure from average price increases will ease. The frontiers between fashion, leisure, and performance footwear will continue to blur, but in the first half of 2023, “shoes good for casual everyday use” will top the reasons for consumers to purchase.

“This will be a reset year for the footwear industry”, commented Beth Goldstein, footwear and accessories analyst at NPD. “After three years of ups and downs, we can expect sales and price trends will level out as consumers settle into their now-familiar lifestyles and make strategic choices about their must-haves versus their nice-to-haves, as they continue to grapple with macroeconomic pressures”, she explained.

The report highlighted that last year, the sports leisure category generated the highest sales, but fashion footwear was the biggest driver of growth due to the return of people to the workplace, events, and other social activities. However, the impact of these social behaviours will level off this year, “as the replenishment needs that propelled the category in 2022 will slow”, pointed out Goldstein. In the short term, with consumers weighing their priorities owing to the macroeconomic context, casual footwear, sneakers, and athletic footwear are most likely to be considered necessities when compared to items such as dress footwear, outdoor shoes, and slippers.

Image Credits:

Related Events

  • Jun
    Jun 4-Jun 5, 2023 | Michigan, United States

    Metro-Michigan Women's Wear Market

  • Jun
    Jun 5-Jun 9, 2023 | New York, United States

    FFANY Market Week

  • Jun
    Jun 6-Jun 8, 2023 | New York, United States

    Footwear Show New York Expo (FSNYE)

  • Jun
    Jun 19-Jun 21, 2023 | Utah, United States

    Outdoor Retailer Snow Show

Related Organizations

  • FDRA - Footwear Distributors and Retailers of America

    FDRA - Footwear Distributors and Retailers of America

    United States
  • The Atlanta Shoe Market

    The Atlanta Shoe Market

    United States
  • Rubber and Plastics Footwear Manufacturers Association

    Rubber and Plastics Footwear Manufacturers Association

    United States
  • Fashion Design Office

    Fashion Design Office

    United States