Footwear News Speaks With VP of NPD On The Shifts In Consumer Spending Habits And How Outdoor Retailers Can Adapt To The Changes.
NPD Group, Matt Powell, Outdoor Retailer
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News Blip: Footwear Sales Affecting Outdoor Industry
Footwear News Reports On The Shifts In Consumer Spending Habits And How Outdoor Retailers Can Adapt To The Changes
Editor's Note: This news item was retrieved through Footwear News' website via Google.
Some may say the outdoor industry could be in better shape at this point in time, compared to the numbers from the past. A reason for this could be due to outdoor gear retail hitting a low, such as footwear. According to the market research company NPD Group, footwear sales have dropped almost 5% during the 12-month period ending May 2017.
Footwear News writer Peter Verry spoke with VP and Sports Industry Analyst Matt Powell at NPD group about why hiking shes increased but outdoor specialty footwear sales decreased and this is what he had to say: "Hiking up 2 percent is a 12-month number not a nearby number. That was going back from June 2016 to May 2017. While hiking shoes aren't really a cold-weather product, a lot of people buy them as boots for the cold. The footwear business in outdoor specialty was down 10 percent in May. It's a late-2016 effect that drove the business upward, not a current trend." More answers on this topic below.
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