Inventory Turnover › Footwear
Footwear Inventory Turnover Benchmarks 2026
Footwear retailers report inventory turnover of 2.4x to 4.6x in fiscal 2024-2025 10-K filings. Sector median sits at 3.6x. Narrow-SKU operators (Crocs) sit above the median; multi-brand wholesalers (Skechers) sit below.
Named retailer 10-K data
| Retailer | Fiscal Year | Turnover | COGS | Avg Inventory |
|---|---|---|---|---|
| Nike(NKE) | FY25 (ended May 2025) | 3.5x | $26.5B | $7.50B |
| Crocs(CROX) | FY25 (ended Dec 2025) | 4.6x | $1.68B | $0.363B |
| Foot Locker(FL) | FY24 (ended Feb 2025) | 3.7x | $5.67B | $1.52B |
| Skechers(SKX) | FY24 (ended Dec 2024) | 2.4x | $4.20B | $1.72B |
Per-retailer notes
Nike (NKE)
3.5x turnoverInventory held roughly flat YoY ($7.52B to $7.49B closing) while COGS fell with lower revenue, easing turnover to 3.5x. DTC channel growth has structurally raised the inventory base.
Source: Nike 10-K, fiscal 2025
Crocs (CROX)
4.6x turnoverNarrow SKU range (clog silhouettes plus HEYDUDE) sustains an above-average turnover for the sector.
Source: Crocs 10-K, fiscal 2025
Foot Locker (FL)
3.7x turnoverMulti-brand footwear retailer. Figures are from its final standalone 10-K (fiscal 2024); DICK'S Sporting Goods completed its acquisition of Foot Locker in September 2025, after which it no longer files separately.
Source: Foot Locker 10-K, fiscal 2024
Skechers (SKX)
2.4x turnoverInternational wholesale model carries longer transit and warehouse stock than DTC peers. Figures are from its final public 10-K (fiscal 2024); 3G Capital completed its take-private of Skechers in September 2025.
Source: Skechers 10-K, fiscal 2024
Footwear-specific drivers
Footwear inventory turnover sits below grocery and electronics for three structural reasons:
- Size matrix. A single style typically requires 9-15 sizes in stock to capture demand. SKU count is multiplied by size, raising the safety stock floor.
- Manufacturing lead time. Far East manufacturing (Vietnam, Indonesia, China) means 90-120 day lead times. Buyers commit before season; chase orders are limited.
- Channel layering. Wholesale, DTC retail, DTC ecom, and outlet each carry inventory. The total inventory base captured in a 10-K is the sum across channels.
Operators raising turnover do so by narrowing SKUs (Crocs strategy), pre-selling DTC drops, or accelerating markdown cadence to clear seasonal inventory.
Related
Inventory Turnover (parent)
Cross-sector benchmarks and formula.
Apparel Turnover
Lululemon, Gap, Ralph Lauren 10-K data.
Electronics Turnover
Best Buy turnover history.
Sell-Through Rate
Weekly sell-through tracking.
GMROI
Gross margin return on inventory investment.
Carrying Cost
20-30% of inventory value annually.