According to Allied Market Research, The global footwear market size was valued at $365.5 billion in 2020, and is estimated to reach $530.3 billion by 2027 with a CAGR of 5.5% from 2020 to 2027.
If you are a fashion brand retailer, expanding your product category like shoes can help to increase your order value. Initially customers only buy clothes or accessories from you, now she is able to match the outfits with your shoes. This is a great way to increase your customer order value and sales without adding marketing expenses to find new customer.
If you are a bridal boutique owner, your customer might also look for wedding shoes to complete the set. If you could sell your own shoes, it not only improve your brand but also improve the customer's experience as a whole.
If you have great ideas to launch a shoe brand, low MOQ is always the key to keep your cash flow healthy. When a new brand just started, you need to spend a lot on marketing expenses so your target audience aware of you.
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