World Footwear

Prices

Steve Madden: consumers are pulling back spend

Aug 11, 2022 / United States
The New York-based designer and marketer of footwear, accessories and apparel for women, men and children reported a revenue growth in the second quarter of 2022, confirming its full year outlook. Despite that, there are concerns about consumption trends

Global footwear production up by 8.6% in 2021

Premium ContentAug 9, 2022 / World Footwear Yearbook
This is one of the main conclusions of the World Footwear 2022 Yearbook, recently released, and focusing on the analysis of the footwear industry in 2021. Read more about it today

2021: global footwear market recovers from the pandemic but is still far from an all-time high

Premium ContentJul 28, 2022 / World Footwear Yearbook
In 2021 footwear production and exports grew by 8.6% and 7.4%, respectively. Data are taken from the World Footwear 2022 Yearbook just released by APICCAPS, the Portuguese Footwear Association. Global footwear production exceeded the 22 billion pairs threshold but is still below pre-pandemic levels. Last year 13 billion pairs were exported worldwide, representing a partial recovery from the drop registered in 2020 but remaining below that of any other year in the last decade

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

Germany Retail: war and inflation raise concerns for retail

Premium ContentJul 1, 2022 / World Footwear Reports
Despite the lifting of COVID-19 restrictions in February, the declining trend of the TCF (Textile, Clothing, and Footwear) Retail Sales Index is clear and is aligned with the plunge in consumer confidence. The war in Ukraine and the high inflation are playing a major role in the severe blow inflicted on both consumers’ and retailers’ confidence. Meanwhile, footwear consumer prices have slightly increased in March, and it is foreseeable that companies continue passing on higher costs to consumers in the near future

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

Argentina: SME retail sales dropped in May

Jun 16, 2022 / Argentina
Retail sales from small and medium businesses fell by 3.4% in May, year-over-year, and by 8.9%, as compared to April. Price and cost increases affected profitability and consumer’s confidence

Australia: retail sales increase in April

Jun 9, 2022 / Australia
The Australian retail turnover rose by 0.9% in April 2022, reaching another record level, according to the figures of Retail Trade published by the Australian Bureau of Statistics (ABS)

UK: nearly half of businesses affected by price increases

Jun 9, 2022 / United Kingdom
Almost half of businesses reported an increase in the prices of materials, goods, or services bought and sold in April. Nearly a third expects to raise the prices of goods and services this month

UK Retail: retail prospects for the next months lean to the downside

Premium ContentJun 8, 2022 / United Kingdom
In the first quarter of 2022, TCF (Textile, Clothing & Footwear) Retail Sales Index returned to pre-pandemic levels, showing that it is no longer sensitive to COVID-19. However, its positive behaviour is somewhat puzzling: consumer pessimism continues to plunge, most likely due to the rising inflation, which hit a record 7% in March, placing pressure on manufacturers’ costs. In addition, it is yet early to quantify the impact of Russia’s invasion of Ukraine on European retail markets

US: growth of consumer prices slows down

May 31, 2022 / United States
The growth of consumer prices slowed in April inthe US. Notwithstanding, prices are still higher than usual

Digital to grow their share in footwear sales

Premium ContentMay 30, 2022 / Business Conditions Survey
About two-thirds of the experts accounted for during the latest edition of the World Footwear Business Conditions Survey believe that digital retail channels will increase their share in footwear sales in the next three years
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