Miami-based non-profit organisation the Spain-US Chamber of Commerce has published detailed analysis of the luxury footwear market in the US.

It said the value of the luxury shoe trade in the US reached almost $6.4 billion in 2022 and is expected to reach a value of $8 billion by 2028.

According to the analysis, four groups, LVMH, PVH Corp, Capri Holdings and Kering, collectively control 50% of market share. It mentioned Chanel, Ralph Lauren and Cole Haan as other brands with large shares of the market.

Overall, though, it said the US luxury footwear market remains competitive and still offers good prospects for less well known brands that it referred to as “rising stars”.

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