What you need to know about women’s shoes
The Associated Press on Saturday reported that there were 1,845 women’s footwear brands, or 2.6% of the footwear market, according to a report by research firm IHS Markit.
That was up from 1,643 in 2014, the last year for which data was available.IHS Markits data shows that women’s fashion footwear, which includes the top women’s brands, accounted for 13.6%, or 4.6 million women’s pairs, in 2014.
That is down from 17.1% in 2014 and 16.3% in 2007.
That year, women’s apparel accounted for a combined 4.4 million pairs of footwear, or 7.2% of total footwear sales.
I don’t know why there is such a steep decline in women’s sales, said Ann Friedman, an analyst with the footwear brand company Foot Locker.
I would imagine there are a number of reasons for that, including the recession and the overall economy, she said.
The company declined to comment on the IHS report.
It was not immediately clear if the footwear industry was hurt by the recession.
The IHS study showed that men’s footwear accounted for 19.2 million of the women’s market, or 13.9% of all footwear sales in 2014 in the United States.
Men’s footwear sales have been growing, too, with women buying more footwear than men.
The latest data from Nielsen, which tracks footwear sales, shows that men made up a greater share of footwear sales than women, at 16.4% in the U.S. in 2014 compared with 14.3%, the year before.
Women’s footwear has also grown more rapidly than men’s.
In 2014, women made up about 12% of men’s shoe sales, but they made up 30% of women’s retail shoe sales.