View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
February 14, 2022

US footwear sales soar to record $100bn in 2021

The Footwear Distributors & Retailers of America (FDRA) has analysed new sales data that shows the footwear industry has broken previous annual records and now sits above US$100bn in total consumer spending.

By Fi Forrest

US consumer spending on shoes jumped 20.5% year over year in December 2021, with the sales jump pushing up full-year footwear spending to an unprecedented 29.8% gain in 2021.

Total consumer demand for shoes now stands at a record $100.7bn, the FRDA said.

“Despite major supply chain disruptions, higher tariffs and Covid, our companies blew past previous record sales and surpassed $100bn in consumer demand for the first time ever. That is nearly $17bn more than the previous record in 2019,” FDRA president and CEO Matt Priest said. “It is an unbelievable triumph that speaks to how innovative, dynamic, hardworking and creative footwear professionals are across the US.

We look forward to helping companies continue to boost their business, and we hope 2022 brings sustained lasting growth.”

The figures come as retail sales during 2021’s November-December holiday season grew 14.1% over 2020 to US$886.7bn – beating the National Retail Federation’s forecast and setting a new record despite challenges from inflation, supply chain disruptions, and the ongoing pandemic.

The FDRA represents and advocates for nearly 500 companies and brands worldwide, or 95% of total US footwear sales.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Style