VNG Trading

The U.S. will be the largest footwear market in 2023, with a revenue of $88.47 billion. Also, this market is projected to grow at a CAGR of 3.29% by 2028.

What are the factors behind this rapid growth?

On average, American spend $419 on shoes per year. The increased focus on comfort, designs, fashion, and sports activities are major factors impacting this industry’s growth.

These facts impact the gross profit margins of retail and wholesale businesses, ranging between 20% and 30%, respectively.

Whether retailer or wholesaler, if you’re thinking about choosing a distributor, here’s how you can do it.

Consider these 3 factors to choose a wholesale shoe distributor

1. Inspect the samples

Samples are an excellent way to test the quality of shoes. Inspecting samples for fitting, size, sole bonding, corrosion, color fastness, velcro strength, symmetry, weather resistance, and lace durability is good for quality assurance.

2. Ask about the material and technology used

The comfort and durability of shoes depend on the technology and materials used in making them.

When choosing a shoe distributor, it is worth asking if the materials are obtained ethically. You should also select the latest shoemaking technologies; for example, 3D printing is popular for its low production costs, reduced waste, and precisely fit designs.

3. Check compliance certificates

You should partner with a distributor whose shoes meet the ISO and ASTM standards. This way, you can build customers’ trust in your brand.

In this directory, distributors, manufacturers, and wholesalers deal in almost all types of shoes. You can purchase every style from athletic shoes to sandals and dress shoes to boots at the best price here.

Now let’s check some of the latest market trends for shoes below:

Hottest shoe industry trends

It’s time to revamp your shoe catalog with the following:

Smart technology shoes

Smart technology has also impacted the shoe industry. The smart shoe market is projected to grow at a CAGR of 13.6% and reach a value of $345.5 billion this year. Purchase smart shoes with embedded sensors and fitness-tracking systems to keep up with the latest shoe trends.

3D shoes

Due to the growing popularity of 3D shoes among young consumers, the demand for these shoes is increasing. The market is expected to grow at a CAGR of 19.72% and reach $1,972.58 million by 2027. 

Hybrid shoes

The hot hybrid styles will thrive this year because of their comfort and functionality. Some popular hybrid styles include:

•  Fusion heels sneakers
•  Sporty chic sandals
  
  

Sneaker-inspired dress shoes