Q1 Sales Results Suggest Shifts for the U.S. Footwear Industry
Up against last year’s stimulus-fueled comps, footwear industry unit sales and revenue both declined in the first quarter (Q1) of 2022 versus the previous year. U.S. sales revenue fell by 3%, unit sales declined by 12%, as average prices increased by 11%. Compared to Q1 2019, revenue for the quarter was 3% higher and unit sales were 10% lower.
