Bags / Shoes & Accessories

According to the latest data from the Footwear Distributors and Retailers Association of America (FDRA), shoe prices rose 6.2% in July from a year earlier. Men's shoes, women's shoes and children's shoes increased by 4.9%, 6.4% and 7.7% respectively. While headline inflation eased in July, shoe prices continued to rise sharply.

U.S. footwear prices rose 5.8 percent in the first seven months of this year compared with the same period last year, and 2022 will be the biggest year for footwear products in decades, according to the American Footwear Distributors and Retailers Association.

However, the American Footwear Distributors and Retailers Association also said it expects shoe price increases to moderate in the coming months as imports and retail inventories build up. The FDRA also noted that consumer demand for footwear products is waning and that oversupply will lead to a pullback in footwear prices in the coming months.