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 customs 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 customs 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 cost of footwear imports. According to customs data, 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, this year's footwear supply is expected to significantly exceed demand, indicating that footwear prices will weaken in the future. According to customs data, so far this year, consumer spending on footwear has only increased by about 4.3%. The report released by Adobe on Wednesday It shows that in September, the online price decreased by 0.2% year on year and rose by 0.8% month on month.

According to the customs 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.