World
Footwear in Russia – a country snapshot
Today, we bring you a new country snapshot, this time focusing on Russia. With a geographical area of 17 million km2, Russia is the largest country in the world and hosts 144.3 million people (2020). It is the fifth-largest economy in Europe, being one of the world’s leading producers of oil and natural gas, and a top exporter of metals such as steel and aluminum
Footwear prices expected to increase by 8.4%
According to the members of the World Footwear Business Conditions Survey prices of footwear are expected to increase over the next six months. Read all about this and all the conclusions of the survey conducted last month
High heels footwear market to rise 1.35% annually
According to a report published by the research and advisory company Technavio this will result in an accumulated gain of 1.70 billion US dollars over the period 2020 - 2025
General outlook for the footwear industry is optimistic
This is the main outcome of the most recent edition of the World Footwear Business Conditions Survey, conducted during the month of April. Today we bring you a summary of some of the main conclusions
US: nearly half of consumers to spend less in footwear
A national survey made amongst US shoppers found that almost half (48%) of footwear consumers is planning to spend less on footwear this spring than last year
Footwear industry in Brazil creates 17.8 thousand jobs
According to Abicalçados, the Brazilian Footwear Industries Association, the national sector’s companies created a total of 17 800 new jobs in the first quarter of 2022
Licence for Greenwash: false promise for certification continues
The report Licence for Greenwash shows that a majority of sustainability certification schemes fail to meet their promise and represent, at best, a sophisticated form of greenwashing
Footwear in South Korea – a country snapshot
Today, we bring you our new country snapshot, this time focusing on South Korea, the 19th largest footwear consumer in the world, and a very attractive market due to its remarkable growth and consumer loyalty
Taiwanese footwear manufacturer Hong Fu to invest in Tamil Nadu
Hong Fu, whose clients include Nike, Puma, Converse and Vans, will invest 1 000 crore (about 131 million USD) to build a new footwear unit in Southern India that is expected to create 20 000 jobs
Digitization and new consumer trends drove growth in 2021
2020 was a challenging year for most companies thanks to the outbreak of the COVID-19 pandemic, which led to severe supply chain disruptions throughout the globe, periods of halting in operations and physical retail, and an increase in raw materials and transportation costs. However, by mid-2021, there were already signs that things were taking a turn for the better, and some companies have managed to equal and even exceed their pre-pandemic performances. We took a look into the full-year 2021 results of some of the largest companies worldwide to observe how they pulled through the challenges brought by the COVID-19 pandemic
Footwear in South Africa – a country snapshot
Today, we bring you our new country snapshot, this time focusing on South Africa, which ranks third among the top 3 footwear exports on the African continent, just behind Tunisia and Morocco. Nevertheless, it remains a net importer of footwear, being the 27th largest importer of footwear in the world in value
Less than 20% of retailers on track to meet sustainability targets
A study found that sustainability is now a strategic priority for retail businesses, but the vast majority is still failing to make meaningful progress
FDRA launches Footwear Trade Show Alliance
The Footwear Distributors & Retailers of America has announced the launch of the initiative Footwear Trade Show Council to foster collaborative and aligned practices within the industry
Japan Retail: retail prospects are again at stake
Hope for a return to normality in March, following the lift of the quasi-emergency restrictions imposed to control the Omicron-variant outbreak at the end of 2021, appears to be off the picture. The impact of Russia’s invasion of Ukraine on households and companies, which is prompting a hike in commodities and food prices, can no longer be discarded. Most likely, the footwear retail growth momentum of the final months of last year will not be accompanied by an increase in prices to avoid scaring away consumers, whose confidence suffered yet another blow in front of the international conjuncture
LWG and LN announce World Leather Day
The two-leather industry non-profits are introducing World Leather Day 2022, on the 30th of March, to encourage organizations within the industry to positively promote leather
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