News
2020: UK consumer spending to fall by nearly 200 billion British pounds
Total UK consumer spending is expected to fall by 183.6 billion British pounds (14.9%) this year due to the COVID-19 according to new research from Mintel's British Lifestyles report. This equates to a drop in spending of around 6 600 British pounds per household
Caleres to close 133 Naturalizer stores in US and Canada
More than 130 Naturalizer stores in the United States and Canada will be closed by early 2021 as Caleres announces it will adopt a digital sales strategy for the shoe chain
Global footwear exports down by 31.1% in the first half of 2020
In the first semester of 2020, global footwear exports have fallen almost a third (-31.1%) compared with similar period in the previous year, reflecting the impacts of the dissemination of the COVID-19 pandemic across the globe
COVID-19 pushes luxury industry to its sharpest fall
Global sales of luxury goods are expected to fall 23% to 217 billion euros this year, the biggest drop in its history and the first since 2009, due to the consequences of the coronavirus pandemic, consultant Bain & Company estimates
Foot Locker: third quarter marked by sales growth
Third quarter comparable-store sales increased by 7.7% and total sales were up by 9.0% in the same period. Notwithstanding the good performance in the last quarter, year-to-date total sales and comparable-store sales are still down
The world's largest trade agreement
The Regional Comprehensive Economic Partnership was signed by China, Japan, South Korea, New Zealand and Australia, plus ten Southeast Asian economies, Indonesia, Thailand, Singapore, Malaysia, the Philippines, Vietnam, Burma, Cambodia, Laos and Brunei
Gallery with merged formats in 2021
The Germany-held trade fairs have announced the dates for 2021 and confirmed the merged formats, which were successfully tried in 2020, will continue
US: consumer confidence slips in October
Consumer confidence dwindled in October, reflecting less optimism about the jobs market and the US economy in the next six months amid another outbreak of COVID-19 cases, according to the Consumer Confidence Survey by Nielsen
Most profitable quarter reported by Shoe Carnival
Shoe Carnival reported net sales of 274.6 million US dollars for the third quarter. Net income was 14.7 million US dollars, 7% up from similar period in 2019. These resulted in the most profitable quarter in Shoe Carnival’s history
adidas talks about strong recovery despite sales plunge
The Germany-based sportswear giant said the third quarter was marked by a strong recovery of the business. In the period under analysis, revenue decreased by 3% in currency-neutral terms. In euro terms, revenue decreased by 7%
Pandemic speeds up consumer preferences towards casual and sports footwear
As part of the third edition of the Business Conditions Survey, we have asked our Panel of Exports about the perspectives for the market share of different types of footwear. The COVID-19 pandemic seems to be speeding up existing trends
The world’s most expensive cities
Paris and Zurich re-join Hong Kong at the top of the latest ranking of the world's most expensive cities, according to the latest information by The Economist
Zouri produces shoes with apple waste
The brand of sneakers known for using plastic trash collected from the ocean in its productive process is now using apple waste in its products
5th Vietnam Footwear Summit 2020 will be Held in Ho Chi Minh
Changing supply chain of global footwear industry in the era of COVID-19 and impact of trade policies will be on focus on the Summit to be held, both online and offline, in December
How consumers value different features of footwear
In the third edition of the Business Conditions Survey we have questioned our Panel Members on their views regarding how consumers would react to a number of potentially desirable features of footwear. Find out the answers
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