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Footwear is the second most important fashion segment within the retail business. In 2018, the worldwide Footwear market realized a total revenue of $416 billion. At $284 per capita, Luxembourg spent the largest share on Footwear, followed by Austria and the United States. Demand for athleisure footwear is rising due to the growing aspirations of young consumers in smaller cities and towns. While the athleisure trend is already strong in metropolitan areas, there has been a lack of affordable athleisure footwear in smaller cities and towns. Manufacturers are increasingly focusing on women’s footwear as per capita expenditure more than doubled over the review period. With a rising number of women in the workforce and growing disposable incomes, many are buying multiple pairs of shoes....read on to know more

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