World Footwear

Coronavirus - Covid19

Growth in production accumulated over a decade wiped away in 2020

Aug 3, 2021 / World Footwear Yearbook
Footwear production was down by 15.8% in 2020. Data is taken from the World Footwear 2021 Yearbook just released by APICCAPS, the Portuguese Footwear Association

COVID-19 outbreak in Vietnam threats footwear exports

Aug 3, 2021 / Vietnam
Strict lockdown measures to suppress Vietnam’s outbreak of COVID-19 threatens to lead to a decline in footwear exports in the second half of 2021. Companies such as Nike are already facing supply chain disruptions

Kering reports strong sales growth

Aug 2, 2021 / France
The French-based luxury group announced results for the first half of 2021. Revenue for the period exceeded the levels recorded in 2019, indicating a strong rebound for the Kering group

2020: a dark year for the footwear industry but better than the worst forecasts

Jul 30, 2021 / World Footwear Yearbook
In 2020 footwear production and exports fell by 15.8% and 19% respectively. Data are taken from the World Footwear 2021 Yearbook just released by APICCAPS, the Portuguese Footwear Association. Previous forecasts were gloomier, and the World Footwear Experts Panel had pointed to a drop in global footwear consumption in 2020 of more than 20%. Final numbers for 2020 in the developed countries of Europe and North America are in line with such expectations. However, Asia and less developed countries outperformed expectations thus supporting a lower plunge in the global footwear industry

Consumer confidence in the UK returns to pre-pandemic levels

Jul 29, 2021 / United Kingdom
The latest quarterly consumer tracker by Deloitte reported the highest consumer confidence since the end of 2019. Results are attributed to Governmental measures and success of the vaccination process

Steve Madden with 178.6% increase in revenue

Jul 28, 2021 / United States
The New York-based designer and marketer of footwear, accessories and apparel for women, men and children announced financial results for the second quarter ended on the 30th of June 2021

Japan Retail: No Olympic medal for retail sales

Premium ContentJul 27, 2021 / Japan
June started with some good perspectives as consumer morale in the Japanese market was the strongest in 16 months. However, the retailer’s sentiment is not accompanying, and a new State of Emergency in Tokyo is not promising good news. The Apparel & Accessories (including footwear) Retail Sales Index also suffered from less consumer confidence after March. And with no international visitors going to Japan to attend the Olympics, recovery chances of the retail industry will definitely be impacted

Skechers with record quarter sales

Jul 26, 2021 / United States
The US-based footwear giant has reported second quarter results. Skechers announced sales increasing by 127.3%, as a result of a 147.3% increase in domestic sales and a 113.7% increase in international sales

Solid growth for Stella

Jul 23, 2021 / China
Unaudited consolidated revenue increased by approximately 58.1% to 392.1 million US dollars for the three months ended on the 30th of June 2021 and increased by 36.1% to 695.5 million US dollars for the six months ended on the same day

UK: 17 000 new high street stores could open

Jul 22, 2021 / United Kingdom
New research by Barclays Corporate Banking disclosed that thousands of local high street stores could open across the UK in the next 12 months as consumers adapt to a post-lockdown and are more focused on local shopping

Ferragamo's revenue up by 44.1%

Jul 22, 2021 / Italy
The increase in revenue has been achieved despite the permanence, in some countries, of lockdowns and bans driven by COVID-19. On the 30th of June 2021, Ferragamo was operating with 53% of retail stores at full capacity

North Macedonia: retail continues its recovery

Jul 21, 2021 / North Macedonia
Retail sales in North Macedonia grew by 19.2% year-on-year in May, following a record 23.0% surge in the previous month, according to data released by the State Statistical Office (Makstat)

Latest edition of Expo Riva Schuh comes to a positive close

Jul 21, 2021 / Italy
2 700 visitors from 79 different countries and 406 exhibiting companies marked the 3 days of the Riva del Garda trade fair, in its return to an onsite event

US Retail: a friendly atmosphere for retail

Premium ContentJul 20, 2021 / United States
The consumer confidence momentum in the US is in good shape, resulting in the best results achieved in more than a year. Footwear consumer prices have increased significantly since February, and after a long year of deflation this is good news for retailers. As for ecommerce, the post-pandemic normalization is expected to brake the online impetus. However, the expectation is that the upwards online share trend will resume at least at the pre-pandemic ending point

Puma sales reach 1.6 billion euros in Q2

Jul 20, 2021 / Germany
The Germany-based sportswear giant has announced currency-adjusted sales in the second quarter of 2021 increasing by 96% to 1 589 million euros. This compares to 831 million euros in similar period in 2020
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