Prices
France Retail: news are not uplifting footwear retail
The Footwear Retail Sales Index (by BdF) reached in July its lower score in thirteen months in a row, and data from imports from the same month which will most likely make importers revise their decisions to the downside after the increasing value available for june. Despite a slight relief in consumer confidence in August due to Governmental aid, the increase in prices left little space in the wallet for discretionary footwear purchases. Meanwhile, online retail seems to have gained about 50 percentage points in 30 months in France, but data does not allow us yet to conclude whether the footwear segment shares this performance
All the facts and numbers of the footwear industry in 2021
Last year, production and exports at global level grew by 8.6% and 7.4%, respectively. Worldwide footwear production exceeded the 22 billion pairs threshold but is still below pre-pandemic levels. In 2021, 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
US footwear price increases appear to be slowing down
Despite rising inflation, data from the Footwear Distributors and Retailers of America (FDRA) suggests that footwear prices are showing some signs of moderating, though slowly
8 of the top 10 footwear importers are European countries
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
Nicaragua: leather shortage causes footwear prices to soar by up to 80%
The Nicaraguan Chamber of Leather and Footwear reported that footwear prices rose by 40% at the beginning of the year and another similar increase is in the pipeline, resulting in an 80% price increase for a pair of leather shoes
Footwear exports: China leads but Vietnam is the success story
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
58.8% of the footwear produced in 2021 was exported
This represents the lowest percentage in a decade, according to the World Footwear 2022 Yearbook, recently released. Read more about it today
Footwear consumption in the US bounced back strongly in 2021
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
Steve Madden: consumers are pulling back spend
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
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
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
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
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
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
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-
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