Retail prices continue to rise
In January, footwear registered less than 0.1% growth in retail prices compared to the same month last year. This figure was driven by a +1.4% increase in women's shoe prices, according to data provided by the Footwear Distributors and Retailers of America (FDRA).
Additionally, a 0.8% year-on-year increase was recorded in February, highlighted by a 1.8% rise in men's footwear, the highest in 15 months, according to the association's chief economist, Gary Raines.
The upward trend continued in March, with a 1.5% year-on-year increase. Once again, men's products determined the outcome, with a +4.6% rise, although there was a 1.9% decline in women's footwear, reported Footwear News.