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Join the 8th edition of the World Footwear Business Conditions Survey

Mar 29, 2023 / Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. We want to hear you!

UK retail sales volume rose in February despite an unexpected inflation hike

Mar 29, 2023 / United Kingdom
Retail sales volume is estimated to have grown by 1.2% last month, following a rise of 0.9% in January 2023. When compared with the same month a year earlier, sales volumes fell by 3.5%

Japan retail: unlocking consumer confidence is key for retail

Premium ContentMar 24, 2023 / Japan
The volume of footwear imports closed 2022 about 10 percentage points below the 2015 baseline, suggesting that the impact of the imported inflation on prices has been clouding the real performance of retail sales in the category. Both the government and some companies have offered inflation allowances or anti-inflation subsidies, but given the saving Japanese mindset, it can be expected that any additional disposable income will not necessarily be used for discretionary shopping, such as clothing and footwear. To boost consumption, it is therefore needed to unlock consumer confidence, which improved only marginally In February, and appears now to be flattening

US discretionary retail sales dropped in February

Mar 16, 2023 / United States
According to Circana (formerly IRI) and the NPD Group, discretionary US general merchandise retail sales fell by 4% last month, year-over-year, and unit sales were down by 5%

German online footwear sales declined by 16.6% in 2022

Mar 7, 2023 / Germany
With consumer spending taking a hit due to the war in Ukraine, online sales fell by 8.8% in 2022, year-over-year. But the footwear sector was the most affected, says BEVH

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

Spain Retail: retailers and consumers have shown themselves resilient at the end of 2022

Premium ContentFeb 27, 2023 / World Footwear Reports
The Textile, Clothing, and Footwear (TCF) retail sales index has improved in the fourth quarter of last year and several companies in the category appear to be less fearful about 2023, especially after their positive annual results. Moreover, retailers’ and consumers’ confidence indicators are showing that despite some lingering pessimism due to the challenging macroeconomic environment, things won’t get necessarily worse in the short term.

France Retail: inflation will yet impact retail, but there is a light at the end of the tunnel

Premium ContentFeb 20, 2023 / World Footwear Reports
Figures by the Banque de France suggest that retailers may have felt some relief in December 2022, but the weight of inflation in these results must not be overlooked, with turnover growing quite faster than the production itself. Moreover, the impact of inflation on footwear might yet be to be felt. French consumers tend to purchase the category during sales, but retailers may not be able to make the big discounts that would make consumers shop in a context of still significant inflation due to the need of preserving margins. However, there are signs of light at the end of the tunnel, as retailers’ and consumers’ confidence indicators show that there is room, at least, for the ceasing of confidence deterioration in 2023.

Caution rises as we step into 2023

Premium ContentJan 5, 2023 / World
Following the slump caused by the COVID-19 pandemic, in 2021, most fashion brands and retailers equalled or even exceeded their pre-pandemic performances. But 2022 will hardly be a forgettable year: the world’s inflation hit levels not seen since the early 80s, leading to a sharp hike in interest rates, Russia’s ceased to be a viable market for Western brands after its invasion of Ukraine on the 24th of February, and China’s economy slowed down due to the country’s zero COVID-19 policy. And yet, despite the worst projections, for the better part of the year, the fashion industry prevailed. Nevertheless, as we enter 2023 with a global recession still on the table, it is worth looking into the year-to-date results of some of the largest companies worldwide to understand the current situation

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

Global luxury goods industry to reach 1.4 trillion euros in 2022

Dec 26, 2022 / World
The latest edition of the Bain & Company–Altagamma Luxury Study shows that the global luxury goods industry grew by 21% from 2021 and suggests that it will further grow in 2023

H&M full year sales to rise

Dec 16, 2022 / Sweden
The Sweden-based fashion group has released its sales development for the full year 2022, including the fourth quarter, ahead of the publication of final results on the 27th of January 2023

US consumer confidence hits four-month low

Dec 13, 2022 / United States
According to the Conference Board's index, confidence among US consumers declined in November to the lowest level since July amid continuing inflation and rising interest rates

Cyber Monday sales hit record 11.3 billion USD

Dec 6, 2022 / United States
According to Adobe Analytics, this record was driven by demand despite ongoing inflation felt in the US. Discounts and excess of stock were key to this outcome

Ellen Schmidt-Delvin: we are all looking to Europe to show us the next innovation

Premium ContentNov 30, 2022 / United States
Today we are sharing with you an interview with Ellen Schmidt-Delvin, Cofounder and Executive Director, University of Oregon. We have talked with Ellen about traceability, sustainability and innovation and all pressing issues of the footwear industry
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