World Footwear

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Sustainability by Catarina Midby: we have to change now

Premium ContentJul 27, 2022 / Sweden
Today we bring you an interview with Catarina Midby, expert in Communication and engagement in fashion, sustainability and innovation. With 2 decades of experience in the fashion industry, Catarina has been focused on trends, communication, sustainability and entrepreneurship and we talk about those today

Footwear in Switzerland – a country snapshot

Premium ContentJul 25, 2022 / World Footwear Reports
After focusing on the footwear business in Poland, South Africa, South Korea and Russia, today, we bring you a new country snapshot, this time analysing in detail the Swiss footwear industry

Nordstrom names two new Executive leaders

Jul 21, 2022 / United States
The Seattle-based department store announced the promotion of Deniz Anders to Senior Vice President and Chief Marketing Officer. Nina Barjesteh, a Senior Executive at DICK's Sporting Goods, will join the company as President, Nordstrom Product Group

Japan Retail: imported inflation troubles retail despite positive signs on consumer mood

Premium ContentJul 18, 2022 / Japan
Despite positive signs regarding the consumers’ mood, which is leading the BoJ to focus on boosting domestic demand, retailers are facing imported inflation unseen for decades. So, as the yen sinks, it is more accurate to wonder whether Japanese companies’ margins can resist for much longer to fully pass on rising costs to consumers. In addition, the sanctions imposed following Russia’s invasion of Ukraine will certainly take a toll on retail, alongside persistent supply chain disruptions caused by the pandemic, even as the country moves away from those times. Since expenses on energy and food cannot be readily cut, the slack demand for footwear already observed is far from being a surprise

US Retail: consumer confidence collapses while footwear retail slowly loses its drive

Premium ContentJul 12, 2022 / World Footwear Reports
Despite the declining trend of the monthly shoe store retail sales and persistent macroeconomic headwinds such as supply chain disruptions and the continuous rise of inflation, US companies are displaying some optimism towards the remaining year. That is not the same as saying there is no caution or concerns on the horizon. The pace of the increase in footwear prices is in fact slowing, suggesting that the pressure of demand might be no more at work in the US. The critical point is that consumer confidence collapsed due to inflation and the war in Ukraine, which might restrain consumer spending this year

Spain: price is the main factor consumers look at when doing a purchase

Jul 12, 2022 / Spain
According to the Association for Media Research (AIMC), price was the main factor considered by Spanish when buying clothing and accessories last year, followed by quality and comfort

War on Ukraine to negatively impact footwear

Premium ContentJul 11, 2022 / Business Conditions Survey
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the expectations of our panel of international footwear experts

Global personal luxury goods market to reach 360 to 380 billion euros by 2025

Jul 8, 2022 / United States
Despite the challenges and disruptions that happened at the start of 2022, the global luxury market will reach 360 to 380 billion euros by 2025, following the rebound experienced in 2021

Recovery of the Italian footwear industry is at stake

Jul 7, 2022 / Italy
Footwear exports and household spending increased in the first quarter of 2022, but a slowdown is already expected from the start of the second quarter. War in Ukraine, rising energy costs and raw materials prices are clouding the horizon

Quantity of footwear sold expected to increase

Premium ContentJul 4, 2022 / Business Conditions Survey
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the expectations of our panel of international footwear experts

UK: Consumer confidence drops to a record low

Jun 28, 2022 / United Kingdom
Consumer confidence in the UK dropped in June to its lowest level in 48 years amid soaring prices, the prospect of strikes and rocketing inflation. Mood is gloomier than the one recorded at the beginning of the pandemic

Employment level to increase in the footwear industry

Premium ContentJun 27, 2022 / Business Conditions Survey
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the expectations of our panel of international footwear experts

Spain Retail: sales increase in the first quarter despite tricky macro-environment

Premium ContentJun 22, 2022 / World Footwear Reports
Following an abrupt drop in consumers’ confidence in March due to the war in Ukraine, on top of an alarming inflationary climate, Spanish consumers appear to regard the current situation as temporary. In fact, retail sales of clothes and accessories have increased by 19.1% in the entire first quarter of 2022, despite less generous discounts thanks to this year’s cost inflation. Margin protection is certainly at the top of retailers’ agenda now. Meanwhile, the online and physical retail are somehow at a truce

Strong expectations for the health of footwear businesses

Premium ContentJun 20, 2022 / Business Conditions Survey
This is one of the main outcomes of the most recent edition of the World Footwear Business Conditions Survey. Access the complete report free of charge and read more about the expectations of our panel of international footwear experts

France Retail: retailers’ confidence sank in the first quarter of 2022

Premium ContentJun 15, 2022 / France
Despite the Eurostat TCF (Textile, Clothing and Footwear) suggesting the return of retail to normalcy, there are red signs undermining not only consumers’ confidence, but also the retailers’ one, who before had displayed some insensitivity towards risks. Surging energy prices, inflationary pressure and the war in Ukraine are overshadowing any boost from an easing of COVID-19 restrictions. The subsequent increase in costs does make us wonder why TCF retail is not in the red yet
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