U.S. Men’s and Women’s Footwear Market Poised to Witness Steady Expansion: Higher Consumer Confidence Supports Growth

Posted on 2018-05-23 by Mark Hub in Retail // 0 Comments

Albany, US, May 23, 2018: Footwear market is rising expeditiously as footwear is increasingly becoming a fashion accessory. In recent times, a lot of shoe designs and styles have become intrinsic components of the fashion industry. Considering the market in the United States, a new study finds that footwear sales have been strong, and that trend is expected to continue in both men’s and women’s segments. To study further, a new report has been included in the broad collection managed by Market Research Hub (MRH). This research study is titled as “Men’s and Women’s Footwear – U.S. – May 2018” which marks several important attitudes prevailing in the United States men’s and women’s footwear market.

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Firstly, knowledge of the market overview as well as the executive summary is offered. This portion includes a figurative statistic related to the total U.S. sales and fan chart forecast of men’s and women’s footwear, at current prices, for the period 2011-22. The research report is an exact collection of data which is needed to inform the readers about the market status, trends, and innovations dominant in the U.S. men’s and women’s footwear sector. Moving further, the research study aims to identify the shopping behaviors and preferences among consumers when shopping for footwear. The types of footwear covered in this report include Hiking/Sports, Casual, Dress and Sneaker/Athletic.

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Key Highlights from the Report

As per the research key findings, an on-going need for and interest in footwear contributes to continued growth in the overall footwear market. In the coming years, footwear sales will continue to grow steadily. The analysts find that both the sectors expected to grow, with women’s shoes leading the way. Product innovation is a key factor, while growth in confidence, income, and population segments favorable for future footwear sales. As per the consumer perspective, replacement and spending are top reasons consumers buy shoes. In the U.S., men shop with purpose but women shop to treat themselves. Also, there is a major observation in the behavior of the consumer, such as parents have many reasons for purchasing footwear and younger shoppers seek comfort. Considering these facts, the report also highlights opportunities present in the market is giving consumers more reasons to shop. A profiling of key companies operating in this sector is also offered to readers. The challenge for brands and retailers lies in encouraging more shopping outside of replacement and continuing to find ways to address changing consumer shopping preferences, especially as online shopping increases in the category. It has been also stated in the study that increased online shopping could create challenges for traditional retailers.

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