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RIA Retailer Survey Results Part 1

Image of shoes on shelves
In the first of a three-part series detailing RIA member’s thoughts on the business climate in the Run Specialty Channel, we’re taking a look at how business is shaping up as we pass the halfway mark in 2023 and look to close out another record year of growth

So far the news is good, with 74% of our members reporting their first half year of business to be single or double digit growth over the same period in the prior year, with an additional 12% reporting over 20% growth compared to 2022. 

A bullish outlook prevails for the back half of 2023 as well, with a whopping 90% of respondents projecting single to double digit growth to close out the year. 

Not surprisingly, footwear is driving the growth figures, with a vast majority of retailers reporting at least 79% of their sales being driven by the category. What some may find surprising is that accessory sales are seen as contributing secondarily to growth, ahead of apparel. Specifically, 30% of respondents feel that accessories will lead their growth, compared to 14% who feel that apparel will be the key driver.  

Provided By
  • Terry Schalow
  • Published: Aug 12, 2023
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