Further evidence of the decline in shoe sales comes from the American Apparel and Footwear Association. Cole Haan lost its luxeAs a consumer, I know Cole Haan as a luxury-leaning dress shoe brand, but to look at its home page today, that image is missing. In fact, it looks like a sports shoe company with sneakers front and center. Aerosoles falls flatSince being acquired by Palladin Consumer Retail Partners in 2014, Aerosoles has been falling flat. Retail comparable store sales for 4Q2017 decreased 5.1% and for full year comparable retail sales were down 3.2%.

Source: Forbes February 06, 2018 21:33 UTC