NewsEuromonitor International, footwear is a growth area for retailers across the world. The growth has been credited to the rise in BRIC production over the past 12 months.
BRIC countries have generated just over 25% of the world's footwear sales and are also expected to generate 64% of projected shoes up until 2019. This is good for retailers as costs have dropped by 5% already which allows retailers to buy at a lower cost from wholesale footwear specialists. According to WWD, retailers have posted double digit growth for their mens shoes in 2013 and certain retailers are allocating up to 90% on buying from wholesale footwear merchants.
With the summer fast approaching, make sure that your footwear store is keeping up with the worldwide positive growth of shoes and order before it's too late.
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