World Footwear

Economy

UK retail sales pick up slightly in May

Jun 13, 2024 / United Kingdom
UK retail sales rose by a modest 0.7% year-on-year in May, following an April that was hit by an early Easter and poor weather. Online non-food sales appear to have turned the corner, says the BRC

Indonesian footwear industry hit by a lay-off wave

May 30, 2024 / Indonesia
The recent closure of PT Shoes Bata Tbk, a subsidiary of footwear company Bata, with the lay-off of 233 people, has highlighted a wave of redundancies that has hit the Indonesian footwear industry

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

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

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

World Footwear Voices: interview with Steve Lamar from AAFA

Premium ContentMar 21, 2024 / World Footwear Voices
Today we bring you a conversation with Steve Lamar, President and CEO at American Apparel & Footwear Association (AAFA). Watch the new episode of the World Footwear Voices

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
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