World Footwear

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Spain Retail: concerns grow for retailers after an unexpected fall in sales

Premium ContentMay 24, 2024 / World Footwear Reports
While 2024 began with consistent, albeit modest (around 1% monthly) growth, a concerning trend emerged in March, with retail sales falling sharply by 7.9% as compared to the previous month. However, a silver lining remains. Fashion is currently the retail sector experiencing the least inflation, and consumers still hold some optimism about the overall economy. This suggests that a period of resilience may be needed from retailers, but a potential rebound could be on the horizon

Footwear survey reveals optimistic outlook

Premium ContentMay 21, 2024 / Business Conditions Survey
The results of the 10th edition of the World Footwear Business Conditions Survey are now available. Despite the macroeconomic scenario, the overall outlook remains optimistic

UK exits recession

May 16, 2024 / United Kingdom
The UK has emerged from recession. Official figures show that the economy has grown by 0.6% between January and March, the fastest rate in two years

Brazilian footwear production to grow in 2024 driven by domestic demand

May 15, 2024 / Brazil
Brazilian footwear production is expected to grow between 0.9% and 2.2% year-on-year in 2024, driven by a surge in domestic demand, according to the Brazilian Footwear Industries Association (Abicalçados)

The rise of the second-hand fashion market

Premium ContentMay 14, 2024 / World
The global second-hand fashion market is expected to reach 350 billion USD by 2028, according to ThredUP's latest resale report. Value-conscious consumers, a greater concern for the environment and a desire for uniqueness seem to be driving this “revolution”, with new generations leading the way

Portuguese Footwear Technological Centre project shortlisted by the European Commission

May 13, 2024 / Portugal
The LIFE GREENSHOES4ALL project, coordinated by CTCP, has been recognized by the European Commission for its efforts to minimise the environmental impact of footwear production

EU-New Zealand Free Trade Agreement has officially come into effect

May 10, 2024 / New Zealand
The EU-New Zealand Free Trade Agreement, which took effect on the 1st of May, is expected to increase trade between the two regions by 30%, creating new opportunities for businesses and consumers

UK: Poor weather and early Easter weigh on April retail sales

May 9, 2024 / United Kingdom
UK retail sales fell by 4 by 4.0% year-on-year in April, against a gain of 5.1% in April 2023. An early Easter and poor weather dampened sales, particularly for clothing and footwear, the BRC said

Footwear retail in 2024: signs of recovery or a bumpy ride ahead?

Premium ContentMay 7, 2024 / World
High inflation squeezed margins in footwear retail throughout 2023. To glimpse the industry's 2024 outlook, we analysed results from key players like manufacturers Yue Yuen and Stella Holdings and retailers Foot Locker, JD Sports, Shoe Carnival, and Genesco

ECHA apologises for misleading claims on leather goods and footwear

May 3, 2024 / CEC
The European Chemical Agency (ECHA) has apologised for an infographic published on its communication channels which misleadingly attributed carcinogenic properties to leather goods and footwear

2023: a year of mixed results in casual and outdoor

Premium ContentApr 30, 2024 / World
In a challenging year for retail, marked by high inflation and weaker consumer demand, we looked at how some of the key players in the casual and outdoor segment are faring and whether some may be poised for a comeback

FDRA calls on Biden administration to eliminate footwear tariffs

Apr 30, 2024 / United States
Matt Priest, president and CEO of the Footwear Distributors & Retailers of America (FDRA), called on the Biden administration to eliminate tariffs on footwear in order to address rising shoe prices

Portuguese consortium launches 34 cutting-edge solutions to have the world’s most advanced industry

Apr 29, 2024 / Portugal
As part of a consortium led by Carité and coordinated by CTCP, several companies are working to develop 34 innovative products by the end of next year to make the Portuguese footwear industry the most qualified in the world

Cortume Krumenauer: five generations tannery and an innovative retail concept

Apr 25, 2024 / Brazil
Get to know Cortume Krumenauer, a Brazilian-based tannery specialised in the production of vegetable-tanned leather and learn more about their business, which now also includes Sculp Leather Store

US retail sales rise again in March

Apr 24, 2024 / United States
Retail sales rose by 0.7% in March compared with February (seasonally adjusted), following a 0.9% rise in the previous month, reflecting continued consumer strength
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