Footwear Sales in the U.S. Expected to Stabilize and Bounce Back Slightly for 2021, According to NPD
footwear industry, but trends are expected to stabilize and recover through 2021, according to The NPD Group’s Future of Footwear report. Improved fashion footwear and performance sales are forecasted to lead increased dollar sales for the overall industry, though sales will remain below 2019 levels.– Lifestyle changes and consumer behavior shifts in 2020 due to the public health crisis have driven year-over-year sales declines for the U.S
The fashion category, which has been the hardest hit by the pandemic, is expected to see renewed sales during the coming year as consumers begin to return to some of their pre-COVID behaviors. The women’s slippers category—one of the few bright spots in fashion footwear this year—is likely to be a hot holiday item and will remain strong in 2021 – even outperforming 2020 sales.
“A return to the office and store re-openings will likely reignite some demand for fashion footwear, although the focus will remain on casual and comfort-oriented styles. The pandemic has only amplified the importance of these attributes, as the blending of work-from-home and remote learning has led consumers to favor comfort to wear any time of the day,” said Beth Goldstein, NPD’s fashion footwear and accessories analyst.
Following a similar trajectory and after declines during the last two years, performance footwear is expected to see growth in 2021 – a lift that will be driven by road running shoes.
“Greater attention to health and fitness has been a silver lining in 2020. A number of sports and recreation-related categories have benefitted from this, including performance running. In addition to easier year-over-year comparisons, which may factor into the growth, running shoes are poised to outperform the overall market as consumers continue turning to the activity to stay active yet socially distant,” said Matt Powell, NPD’s sports industry advisor. “With new participants, brands and retailers should focus on their assortment of more mainstream product and educating new runners on the importance of having this activity-based shoe in their line-up.”