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Article Date: July 2024
Word Count: 828

Global Casual Footwear Market Dips Slightly in 2023


Despite 4.7% growth in non-U.S. markets, the international branded casual footwear market slipped 0.6% last year to nearly $16.7 billion. The U.S. casual shoe market declined by 7.3% to $6.86 billion, while  sales for the sector outside the states rose by 4.7% to nearly $9.83 billion. Segment leader, Ugg, generated nearly 50% sales growth outside the U.S. while VF Corp.-owned Timberland scored 48% revenue expansion in international markets that was offset by a 21% drop in the U.S.

 

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