World Footwear

Coronavirus - Covid19

Germany Retail: war and inflation raise concerns for retail

Premium ContentJul 1, 2022 / World Footwear Reports
Despite the lifting of COVID-19 restrictions in February, the declining trend of the TCF (Textile, Clothing, and Footwear) Retail Sales Index is clear and is aligned with the plunge in consumer confidence. The war in Ukraine and the high inflation are playing a major role in the severe blow inflicted on both consumers’ and retailers’ confidence. Meanwhile, footwear consumer prices have slightly increased in March, and it is foreseeable that companies continue passing on higher costs to consumers in the near future

Yue Yuen posts revenue decline

May 18, 2022 / Hong Kong
The group informed that despite global strong demand for its products, revenue was down by 4.% in the first quarter of 2022 due to COVID-19 outbreaks in Mainland China

adidas lowers expectations for 2022

May 10, 2022 / Germany
After a revenue decline of 35% in Greater China thanks to a challenging market environment and COVID-19 lockdowns, the company reduced its outlook for 2022 to the lower end of the range

Join the 6th edition of the World Footwear Business Conditions Survey

Apr 6, 2022 / 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!

Japan Retail: retail prospects are again at stake

Premium ContentApr 4, 2022 / World Footwear Reports
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

Omicron outbreak in China raises fears of more supply chain disruptions

Mar 21, 2022 / China
Chinese authorities are imposing new COVID-19 restrictions to fight the surge of Omicron-variant infections, which is raising concerns over further disruptions to the global supply chain

Germany retail: COVID-19 still looms on retail performance

Premium ContentMar 18, 2022 / World Footwear Reports
As of December 2021, the German TCF retail index is far from providing a crystal-clear reading. A sudden improvement in the last month of the year contrasts with mixed feelings on confidence and insights from various sources. The decline in footwear prices during that month, despite the unexpected inflation surge by 5.3%, adds up as another contradictory sign. While the picture is not quite transparent yet, it is safe to presume that the online shopping category is leaning towards pandemic-neutral growth

Footwear business not expected to be carbon neutral by 2050

Premium ContentMar 9, 2022 / Business Conditions Survey
Sustainability is becoming more of a real concern for businesses and inhabitants of this world. However, some claim this is just a fashion trend or a marketing tool. With that in mind we have asked our panel if the footwear industry will be able to be carbon neutral by 2050. Half of the respondents don’t believe that will happen

Matt Priest: the US footwear industry is resilient and agile

Premium ContentMar 4, 2022 / United States
We have spoken to Matt Priest, who is the President & CEO of the Footwear Distributor & Retailers of America, to discuss in detail the achievement of the 100.7 billion US dollars record on consumer demand for shoes in 2021. We have also ventured into the future, going over the main concerns for the US footwear industry, such as rising inflation (7.5% in January), additional duties on Chinese consumers goods, but also the opportunities on the horizon

Vietnamese factories to continue working amid Omicron surge

Feb 21, 2022 / Vietnam
Despite a new peak in COVID-19 infections, the high vaccination rate has enabled factories to continue producing, reversing last year’s policy of lockdowns

Turkish footwear exports reached 1 billion US dollars in 2021

Feb 15, 2022 / Turkey
The record figure reflects an increase of 22.9%, as compared to 2020. Turkish footwear industry is benefiting from demand for suppliers located close by to Europe

UK Retail: the first months of 2022 might be a cold shower for the expectations of retailers

Premium ContentFeb 14, 2022 / United Kingdom
Although the TCF sales index surpassed the 2018 baseline in November, the downwards trend of pessimism experienced among consumers since July last year is raising concerns. In fact, last month, the consumer confidence index dropped to its lowest level in 11 months. Retailers should be wary of consumers fears over surging inflation, rising fuel bills and the prospect of interest rises, while managing supply difficulties brought by the ongoing unwind of the Brexit process

Consumer confidence in the UK drops in the second half of 2021

Feb 11, 2022 / United Kingdom
Despite a strong rebound in the first half, consumer confidence fell for the second consecutive quarter in the last three months of 2021, thanks to the rise in living costs and to the impact of the Omicron variant

Cost of merchandise and raw materials is the main concern of the footwear business

Premium ContentFeb 3, 2022 / Business Conditions Survey
The COVID-19 pandemic created pressure on the global supply chains, which has resulted in shortages of materials and increased transport prices. The cost of merchandise and raw materials is now the main concern of the footwear industry

Price of footwear is the most important driver in the buying decision

Premium ContentJan 31, 2022 / Business Conditions Survey
A combination of factors will determine the consumer’s decision to choose a pair of shoes. With a view to find out what are the most relevant drivers in that process, we have asked our experts to choose the most relevant factors. Price is at the top of the list
Page 1 of 36