FDRA Survey: Stronger Economy and ‘Shoe Buying Power’ Ahead

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Seventy-four percent of respondents to the Footwear Distributors and Retailer of America (FDRA) first quarter survey said the six-month outlook for the U.S. economy and the shoe buying power of consumers will be strong. On the flip side, nearly two-thirds of respondents said they expected operating costs for footwear companies to rise over the next months.

The biggest issues facing the footwear industry over the next six months are led by Production/Supply Chain Costs (35.2%) and New Consumer/Behavior Shifts (32.3%) followed by COVID-19 related issues (17.6%) and to a lesser degree, Labor (8.8%), Taxes/Duties/Regulations (2.9%) and Inventory and/or Retail Pricing (2.9%).