US footwear sales grow at slowest rate in a decade
19/10/2017
Year-to-date sales are flat with 2016, suggesting full-year sales will see no expansion, certainly well shy of last year's 4.3% advance.
Despite retail prices for men's footwear rising for the fourth straight month in August, this market segment is on track to see full-year prices expand at the slowest rate in a decade.
“Footwear retailers may have little room to raise men's shoe prices appreciably to combat higher input costs,” said FDRA.
The shoe store sector is likely to finish 2017 with no employment growth or wage growth from levels reached over the last two years, it added.
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