Sneaker Market Down 3% in Q1
The U.S. retail sneaker market declined on a 2% decline in ASP and a 1% decline in unit sales for the first three months of the year, according to NPD. The late tax refund checks following a positive Jan. result was the killer as Feb. declined in the mid-teens against last year when tax checks were later than before but much earlier than in 2017. Early Mar. improved as the refund checks hit, but the end of the month tailed off on the Easter shift into Apr. For the quarter, men’s sales were down 6%, kids fell 3% and women’s ... Log in to view full article.