U.S. footwear industry sales are expected to stabilize over the next three years following years of pandemic-fueled volatility
The NPD Group said Thursday. According to the market research company’s latest “Future of Footwear” forecast, sales revenue will grow slightly, at a rate of 1% through 2025, with unit sales beginning to improve in 2024. Consumers will look to maximize versatility with their upcoming footwear purchases, as shoes good for “casual everyday use” will top the reasons for purchase in the first half of 2023, the forecast noted. [NPD: 2023 Will Be a 'Reset' Year for Footwear Industry + Sales Volatility to Level Out in Next Few Years- FN]
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