FDRA has analyzed new sales data that shows the footwear industry has blown past previous annual records and sits above $100 billion in total consumer spending.
Key shoe sales highlights include:
- Consumer spending on shoes jumped 20.5 percent year-over-year in December 2021;
- December’s sales jump pushed up full-year footwear spending to a 29.8 percent gain in 2021; and
- Total consumer demand for shoes now stands at a record $100.7 billion.
FDRA President and CEO Matt Priest commented on the increase:
“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 U.S. 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.”
Photo courtesy Hoka One One
