World Footwear

Economy

UK Retail: challenging times may be ahead after disappointing fourth quarter in 2023

Premium ContentFeb 20, 2024 / United Kingdom
Retail sales of clothing and footwear disappointed in the last quarter of the year after a promising start on Black Friday. This is not particularly surprising given that prices in the category fell more slowly than overall prices and items remain relatively more expensive, making consumers more cautious in their choices. There are some long-term positive signs for retailers when it comes to consumer confidence, but there are likely to be some bumps in the road in the meantime

Trade associations from around the world call on countries to defend maritime safety

Feb 9, 2024 / World
In response to the recent attacks in the Red Sea, more than 100 trade associations are calling on countries to join, support or align with the mission of Operation Prosperity Guardian, an initiative that stands for maritime safety

Bangladesh Central Bank lowers export incentives

Feb 9, 2024 / Bangladesh
Bangladesh has announced cuts to export incentives in almost all sectors as the country prepares to exit Least Developed Country status in 2026. The leather industry is one of the hardest hit

World Footwear Voices: interview with Yuly Fuentes-Medel Ph.D. from MIT

Premium ContentFeb 5, 2024 / World Footwear Voices
Today we bring you a conversation with Yuly Fuentes-Medel Ph.D., Project Manager for Fiber Technologies at MIT. Watch the new episode of the World Footwear Voices

Indian leather industry seeks fiscal incentives in 2024 Budget

Jan 19, 2024 / India
The Council for Leather Exports (CLE) in India has called for several financial incentives for the leather industry in the forthcoming Budget 2024

European associations call for ratification of EU-Mercosur agreement

Jan 17, 2024 / European Union
A total of 23 associations representing a range of European industries and other businesses, including CEC, have once again urged the EU to conclude and ratify the EU-Mercosur agreement

German industry association warns of new wave of insolvencies and closures

Nov 6, 2023 / Germany
The German Trade Association for Textiles, Footwear, and Leather Goods (BTE) recalled that repayment of state aid under the pandemic approach, increasing the pressure on an already struggling sector

UK Retail: stabilisation of the footwear trade is the best we can hope for at the moment

Premium ContentOct 27, 2023 / United Kingdom
The bad weather in July and August may not have helped retail over the summer, but it would be ill-advised to believe that’s what it’s all about. Despite some improvements in the general consumer price index, the footwear segment continues to show some resistance to going along with the trend. Inflation will have to continue to fall in order to contribute to sustained sales growth in the future, as most consumers have too much on their plate to spend on non-discretionary items. The only positive sign comes from imports, whose data seems to indicate that at least a stabilisation in retail trade is on the horizon

South Africa calls for more economic cooperation with Namibia

Oct 26, 2023 / South Africa
South African’s President Cyril Ramaphosa has urged business leaders from both countries to further develop cross-border value chains in key areas such as leather to boost their economic development

Less than a month to go until the World Footwear Congress

Oct 16, 2023 / World Footwear Congress 2023
The global footwear sector will meet on the 8th and 9th of November in Istanbul to reshape its future in a macro environment marked by uncertainty, high inflation and geopolitical instability

Colombian footwear industry slows down in 2023

Sep 20, 2023 / Colombia
After growing substantially in 2022, the Colombian footwear industry slowed down in 2023 due to the impact of high inflation, rising costs and low consumption, says ACICAM’s Vice President

Italian footwear exports to Russia increase despite the current context

Sep 12, 2023 / Italy
Exports of Italian footwear to Russia increased in value and volume in the first quarter of 2023, as compared to the same period last year

UK: footfall declined over Summer holidays

Sep 6, 2023 / United Kingdom
According to the data from British Retail Consortium Sensormatic IQ, footfall decreased by 1.6% in August, after rising by 1.8% in July, as compared to the same month of 2022

International economic context weighs on Brazilian footwear exports

Aug 14, 2023 / Brazil
Falling global growth rates and high inflation continue to affect the performance of Brazilian footwear exports, which have been declining in both volume and value in the past months

Primark lowers prices across selected ranges of kidswear essentials

Jul 31, 2023 / United Kingdom
The fashion retailer has announced that it will lower prices on essential children’s items from the end of July to help British families cope with the ongoing high inflation
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