The footwear segment is among the selling product categories in the retail industry. The footwear segment is categorized into different products as per demographic patterns which include men’s, women’s, and children’s shoes
The United States is among the list of countries which has widely popular for fashion products.
The Footwear segment in the United States reached a value of $83 billion in 2021, witnessing a significant increase of 37% from the previous year this was mainly on account of growth in the retail product categories as the world saw the recovery in the overall demand post-pandemic Covid-19 as both brick & mortar and online businesses resumed their operations after being under restrictions for the period of almost two years along with that more consumer spending on the lifestyle products.
The Footwear segment in the region has seen a compound annual growth rate of 1.02% for the period 2017-2021.
The athletic footwear segment which currently accounts for a major chunk of share is likely to continue its dominance. The outdoor/rugged footwear segment has a good chance of gaining prominence.
The major footwear players which have a strong position in the US footwear industry include Nike Inc, VF Corporation, Footlocker Inc and Under Armour Inc. Moreover, there are a variety of brands that influence the United States footwear industry, and they are namely Skechers USA Inc, Caleres Inc, and Crocs Inc.
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