Bags / Shoes & Accessories

Although the increase was lower than that in previous months, the price of footwear products in the United States continued to rise. According to the latest import and export data of the American Association of Shoe Distributors and Retailers (FDRA), the retail price of American footwear products rose 3.9% year-on-year in September, the lowest increase in 18 months. According to the import and export data, the price of men's shoes rose by 3.1%, women's shoes by 4.8% and children by 3.5%. Since the beginning of this year, the retail price of footwear has increased by 5.5% compared with the same period in 2021.

FDRA stated in its report to FN: "The rise in the retail price of footwear is due to the continuous rise in the import cost of footwear. The import and export data show that the average landed cost of footwear in August increased by 25% year on year, representing a double-digit growth for the fifth consecutive month. However, the supply of footwear is expected to significantly exceed the demand this year, indicating that the price of footwear in the future will weaken. The import and export data show that, so far this year, consumer spending on footwear has only increased by about 4.3%. Adobe released The report shows that in September, the online price fell 0.2% year on year and rose slightly by 0.8% month on month.

According to the import and export data released by the US government in September, the increase in footwear prices has always been lower than the inflation rate of the consumer price index (CPI), which reached 8.2% in September. FDRA predicts that the rise in retail prices of footwear will continue to weaken in the future, because supply will exceed demand.