Consumption
Italy: footwear revenue increases in 2021
Italian footwear industry should report double-digit recovery in 2021, despite not reaching pre-pandemic levels. Exports remain the main driver of the sector
Average footwear export price to grow 20% by 2025
The average export price of footwear has increased by more than 30% in the last decade. As new pressure points are felt in the footwear market, our experts believe that by 2025 the average footwear export price could be above 12 US dollars
Footwear prices on growing mode
The overall increase in prices, associated with the disruptions in the supply chain we have come to know since the beginning of the COVID-19 pandemic, has been on the agenda for quite some time now. This trend affects necessarily the footwear industry across the entire supply chain, from suppliers of raw materials to final consumers. We have identified the key pointers that allow us to have a better understanding of this worldwide increase.
Footwear consumption with moderate growth in 2022
We asked our panel about their expectations regarding the evolution of footwear consumption in 2022, both in their home countries and globally. Expectations are cautious, despite the growth forecast, as a moderate rise is anticipated
UK: Plan B impacts footfall negatively
The Plan B enacted by the UK's Government to fight the new wave of the COVID-19 pandemic will lead to a significant drop in footfall, especially in central London
Japan Retail: retail recovery didn't take place and confidence might be endangered if prices go up
The expected retail boost from the Olympic games never took place in Japan, and the retail index is still below the normal pace registered before the pandemic. With the lifting of the State of Emergency things are expected to improve. If retailers are still lacking confidence, consumers seem to have improved their mood. However, with a rising expecting about the growth of prices, this could negatively impact the good mood of consumers and further deteriorate the confidence of retailers
Prices of footwear to continue to increase
There is a rising expectation about the evolution of footwear prices in the coming months. Our experts anticipate prices to continue to rise, as a result of several pressure points impacting the business. Get access to the latest Business Conditions report and find out more today
UK: consumer confidence improved in November
According to the GfK's Consumer Index, consumer confidence in the UK grew by three points in November, on a comparable basis to the previous month, despite concerns over surging inflation
US Retail: the holiday season might not be enough to withdraw the retailer's worries
The Retail Sales Index in the US Shoe Stores has registered a favourable pace between March and August, which could give good perspectives for the near future. However, footwear retail gains are dwindling, closing at only 4 percentage points upside in August, after 11pp above the line in March. On top of that the consumers’ mood is plunging again and with inflation entering a danger zone in the US, retailers have reasons to be worried, especially if footwear prices stay in the upper range for a longer time
UK retail sales picked up in October
According to the UK’s Office for National Statistics (ONS), October retail sales volumes increased for the first time in six months in October 2021, most likely due to early Christmas shopping
Larger footwear companies are more optimistic about employment
Although COVID-19 is still one of the topics of the moment, most of the experts of the World Footwear Business Conditions Survey believe the coming months will be positive with favourable expectations about the levels of employment in the business
Strong health of the footwear business is expected in the coming months
Although COVID-19 is still dominating most of our conversations and making headlines in the news, most of our panel experts believe that businesses will have a positive evolution. Read about this in our most recent bulletin of World Footwear Business Conditions Survey
Manfred Junkert: consumers are changing their habits
Today we bring the second part of a conversation with Manfred Junkert, Managing Director of HDS/L: Federal Association of the German Footwear and Leather Goods Industry. We took this opportunity to hear his views on sustainability and the future challenges of the footwear industry
Footwear industry is now more optimistic about the future
This is the main outcome of the most recent edition of the World Footwear Business Conditions Survey, conducted during the month of October. Today we bring you a summary of some of the main conclusions
Manfred Junkert: we will have a higher percentage of ecommerce in our business
Today we bring the first part of our conversation with Manfred Junkert, Managing Director of HDS/L: Federal Association of the German Footwear and Leather Goods Industry. We have discussed the impact of the COVID-19 pandemic in the footwear industry in Germany, and debated what were the main changes coming out of this crisis-
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