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What’s Going on in the Footwear Market? It’s Complicated

Join McKinsey & Company, NewTimes Group, Arvind Limited, Asmara, Google, Bluesign, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

Now may be a relatively good time to be in the casual footwear business. Given the economic climate and uncertain outlook, overall spending on clothing and shoes is taking a backseat to food, housing and other essentials. Oliver Chen, Cowen & Co. luxury and retail analyst, sees beauty and wellness gobbling up wallet share left…

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