Consumption
2023 could bring a loss of 56 million pairs in Europe's consumption
In the current edition of the World Footwear Business Conditions Survey, we have asked our panel of experts about their perspectives regarding footwear consumption, in their domestic market and globally
US: footwear prices increases to continue decelerating
According to the FDRA, full year footwear prices were up by 4.6%, as compared to 2021. But a break for consumers might be on the way, with data suggesting a decline in the growth pace
Cost of merchandise and raw materials is the main concern of the industry
In the current edition of World Footwear Business Conditions Survey, problems associated with the cost of merchandise and raw materials account for more than 80% of responses relating to the main difficulties felt by the footwear industry
UK Boxing Day footfall declines by 15.3% over pre-pandemic levels
On a comparable basis to 2019, UK in-store footfall was down by 15.3% this past Boxing Day, mostly due to rail strikes, travel disruptions and the rising cost-of-living, says RetailNext
Employment in the sector not expected to grow in 2023
According to the perspectives of the most recent edition of the World Footwear Business Conditions Survey, conducted in November, employment in the footwear industry should stabilize or decrease in the next few months
Footwear prices to increase 11%
Our panel of experts expects footwear prices to increase over the course of the next six months. This is one of the main conclusions of the World Footwear Business Conditions Survey conducted in November. Read more about it today
US consumer confidence hits four-month low
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
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
Cyber Monday sales hit record 11.3 billion USD
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
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
Ellen Schmidt-Delvin: we are all looking to Europe to show us the next innovation
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
UK: cost-of-living crisis to impact Christmas spending habits
Nearly half of UK consumers (43%) are expecting to spend less over the upcoming festive season, as compared to 22% in the same period last year. Consumer confidence is at an all-time low
US consumers to do more holiday shopping in-stores than online
This is the first year since the COVID-pandemic breakout in which consumers said expecting to make more of their holiday purchases in stores (46%) than online (45%), said the NPD Group
Denis Falardeau (Shoe Manufacturers Association of Canada): I am very optimistic for 2023
We spoke with Denis Falardeau, President of the Shoe Manufacturers Association of Canada, to better understand the trajectory of the Canadian footwear industry, the recent transformations in the country’s retail and why the industry is well-positioned for the future
Japan Retail: apparel and footwear retail will hardly remain safe amidst such troubling waters
The further easing of COVID-19 border control measures brought tourists back to the stores, but the anticipated consumption-led recovery is being curbed by the high wholesale inflation, as the weak yen is inflating the costs of imports. On the other end, if the yen depreciation is fostering exports, the fear of a global economic slowdown is a bearer of bad news. Both the Apparel & Accessories Retail and the Consumer Confidence indicator are currently trending down, and not to increase prices is no longer an option. As for online commerce, now that the pandemic boosting effect is over, the competitiveness between this channel and physical retail is at stake, however, it is yet soon to claim a winner-
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