World Footwear

World

US: shoe prices decline for the first time in a year in August

Sep 19, 2024 United States
US: shoe prices decline for the first time in a year in August
According to the latest data from the Footwear Distributors and Retailers of America (FDRA), US footwear prices fell in August for the first time in a year, in line with the general inflation trend
Last month, US retail footwear prices fell slightly by 0.9% as compared to the same period last year, in line with the overall inflation trend. The FDRA data also showed that while men’s retail footwear prices increased by 2.2% in August, women’s and children’s footwear prices decreased by 2.4% and 2.6%, respectively, as compared to August 2023.

“Given these latest numbers, retail footwear prices so far this year are up 0.7% from the same first eight months of last year”, concluded Gary Raines, chief economist at FDRA. “This modest rise comes as year-to-date men’s prices are up 2.2% and women’s are up 0.6%, while children’s footwear prices are down 1.4%”.

The fall in footwear prices in August comes at the same time as the Bureau of Labour Statistics reported that overall retail prices slowed by the most in three and a half years, reaching their lowest level since February 2021.


Image Credits: ny.racked.com

Related Events

  • Mar
    18
    Mar 18-Mar 20, 2025 | Billings, Montana, United States

    Billings Market Association

  • Mar
    25
    Mar 25-Mar 27, 2025 | Las vegas, United States

    The Travel Goods Show

  • Mar
    25
    Mar 25-Mar 28, 2025 | Dallas, United States

    Dallas Apparel & Accessories Market

  • Apr
    1
    Apr 1-Apr 2, 2025 | Indiana, United States

    The Indy Show

Related Organizations

  • USRA - United Shoe Retailers

    USRA - United Shoe Retailers

    United States
  • TUSPM Shoe Museum

    TUSPM Shoe Museum

    United States
  • ALCA - American Leather Chemists Association

    ALCA - American Leather Chemists Association

    United States
  • PLC - Pensole Lewis College of Business & Design

    PLC - Pensole Lewis College of Business & Design

    United States