World Footwear

Economy

Primark lowers prices across selected ranges of kidswear essentials

Jul 31, 2023 / United Kingdom
The fashion retailer has announced that it will lower prices on essential children’s items from the end of July to help British families cope with the ongoing high inflation

Wave of layoffs continues in Vietnam

Jul 14, 2023 / Vietnam
An estimated 217 800 people have lost their jobs in Vietnam in the second quarter of 2023 due to the significant decline in orders since the end of 2022, says the General Statistics Office (GSO)

Italian footwear exports grow in value but decline in volume

Jul 13, 2023 / Italy
In the first quarter of 2023, Italian footwear exports increased by 16.1% in value, but declined by 2% in volume, as compared to the same period of 2022, says Assocalzaturifici

UK Retail: a too-long string of ifs damps the mood

Premium ContentJun 29, 2023 / United Kingdom
Consumer confidence in the UK has yet to take off to somehow improve retailers’ mood in the textile and footwear sectors. Rising wages, falling energy bills and even slightly lower inflation may help brighten the atmosphere, but the uncertainty surrounding all of these factors doesn’t help retail much at present. For now, except for sticking to their previous conservative import decisions and watching closely for upcoming changes in consumption patterns, there’s little to be done

UK-listed retailers' profit warnings fall to the lowest quarterly total since 2020

May 5, 2023 / United Kingdom
In the first quarter of 2023, UK-listed retailers' profit warnings fell to the lowest quarterly total since 2020, but “persistent inflation, high-interest rates and tightening consumer spending” continue to challenge the sector

US: footwear industry sales to stabilize through 2025

Mar 6, 2023 / United States
Following the pandemic-fuelled instability experienced since 2020, US footwear sales are expected to stabilize over the next three years, growing at a steady pace of 1%, says the NPD Group

UK consumer confidence rebounds to the highest level in almost a year

Mar 3, 2023 / United Kingdom
The latest data by GfK shows that UK consumer confidence hit in February the highest level since April 2022, thus displaying households’ resilience despite the cost-of-living crisis

UK consumer confidence picked up in the last quarter of 2022

Jan 25, 2023 / United Kingdom
The latest Deloitte Consumer Tracker revealed that after 15 months of consecutive decline, UK consumer confidence improved slightly by 0.6% in the last quarter of 2022 to -19.7%

British Retail Consortium forecasts low retail sales growth for 2023

Jan 4, 2023 / United Kingdom
According to the British Retail Consortium (BRC), UK retail sales will grow between 2.3% to 3.5% in 2023, with the pace somewhat picking up in the second half of the year

Brazilian footwear production to grow at a lower rate in 2023

Dec 30, 2022 / Brazil
As the year closes with an estimated growth of 3%, Brazil's footwear production rate is expected to decline to 1.6% in 2023 due to the macroeconomic slowdown and the gradual return of China to the global market

US: majority of SMBs are contemplating nearshoring

Dec 28, 2022 / United States
According to a survey released by the tech company Capterra, 88% of small and midsized businesses (SMBs) are considering or have already switched some of their suppliers closer to the US

William Wong: to prove sustainability we need transparent traceability

Premium ContentOct 24, 2022 / Hong Kong
Today we bring you an interview with William Wong, President at Global Footwear Sustainability Summit and Vice President at Hong Kong Footwear Association. We have talked with William about what is going on the footwear industry nowadays

UK: VAT-free shopping scheme will not be reinstated

Oct 19, 2022 / United Kingdom
The new British Finance Minister Jeremy Hunt announced that the Government no longer plans to reintroduce VAT-free shopping for overseas visitors. Luxury and retail sectors are against it

UK: unemployment hits the lowest level in 50 years

Oct 14, 2022 / United Kingdom
Unemployment stood at 3.5% in the three months to August, down by 0.3 percentage points from the previous quarter, falling to the lowest level since 1974, but due to a rise in economic inactivity

Jane Wilson, Chairman of BFA: as one collective voice, we are much stronger

Premium ContentSep 16, 2022 / United Kingdom
We spoke with footwear veteran Jane Wilson, recently named Chairman of the British Footwear Association (BFA), about the role of the Association in the current challenging macroenvironment and the main challenges for the British footwear industry in the future
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