Global apparel and footwear sales to hit $2 trillion by 2018.
Though frigid weather has frozen footwear sales across most of the country this year, things are looking up–and we’re not just talking about spring. According to global market research company Euromonitor International, global apparel and footwear sales will hit $2 trillion by 2018, and shoes will likely be the bulk of that. Footwear was one of the most dynamic categories in 2013, growing by 6.1 percent, compared to 4.8 percent growth in apparel, and the footwear market has consistently outperformed apparel sales for the past decade, especially in the women’s category.
