Production
Consumption stagnation, price increases, and drop in employment expected for 2023
This is the main outcome of the most recent edition of the World Footwear Business Conditions Survey, conducted in November. Today we bring you a summary of some of the main conclusions
Recycled footwear foam maker Blumaka starts producing in Central America
The Californian-based producer of footwear components has signed a lease on a manufacturing facility in El Salvador to expand production and provide US shoemakers with a closer production option
Venezuelan footwear production supplies 25% of domestic demand
Despite encouraging figures concerning footwear production, CAVECAL notes that high production costs and bank financing restrictions are the main reasons holding footwear companies back
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
Le Coq Sportif shoes to be again manufactured in Argentina
The Argentine company Bicontinentar, which restarted a sports shoe production line in May 2021, in Chivilcoy, announced that it will manufacture footwear for the French brand Le Coc Sportif and open a second line for Under Armour
Mexico: footwear exports on track to grow by more than 50% this year
The Mexican footwear industry estimates to export between 32 and 35 million pairs by the end of 2022, which would reflect a growth year-over-year of more than 50%
Birkenstock invests 110 million euros in new shoe factory
The German brand revealed that the investment of around 110 million euros in the new site in Pasewalk, Northeast Germany, is "by far" the largest individual one in the company's history
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
Mexican footwear industry might not recover until 2024
The forecast is from the National Chamber of the Footwear Industry (CANAICAL), recalling that the footwear industry collapsed by more than 50% in 2020 thanks to the COVID-19 pandemic
Italy: being good at production alone no longer suffices
Amid a challenging macro-environment, digitalization and sustainability emerged as priorities for the future of the footwear industry at the annual meeting of Assocalzaturifici held in Bologna
Footwear in Switzerland – a country snapshot
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
Havaianas to increase production in Argentina by 80%
The Argentine Grupo Blanco announced that it will increase the production of Havaianas by 80% this year. In addition, it will develop a product line to export to Europe and the US in 2023
UK: nearly half of businesses affected by price increases
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
Spain: turnover of the footwear industry in rising mode
The Spanish footwear sector continues its upward trend. In the first quarter of 2022, its turnover was up by 25.5%, on a comparable basis to the same period of 2021
Digital to grow their share in footwear sales
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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