World Footwear

Economy

US: footwear industry sales to stabilize through 2025

Mar 6, 2023 / United States
Following the pandemic-fuelled instability experienced since 2020, US footwear sales are expected to stabilize over the next three years, growing at a steady pace of 1%, says the NPD Group

UK consumer confidence rebounds to the highest level in almost a year

Mar 3, 2023 / United Kingdom
The latest data by GfK shows that UK consumer confidence hit in February the highest level since April 2022, thus displaying households’ resilience despite the cost-of-living crisis

UK consumer confidence picked up in the last quarter of 2022

Jan 25, 2023 / United Kingdom
The latest Deloitte Consumer Tracker revealed that after 15 months of consecutive decline, UK consumer confidence improved slightly by 0.6% in the last quarter of 2022 to -19.7%

British Retail Consortium forecasts low retail sales growth for 2023

Jan 4, 2023 / United Kingdom
According to the British Retail Consortium (BRC), UK retail sales will grow between 2.3% to 3.5% in 2023, with the pace somewhat picking up in the second half of the year

Brazilian footwear production to grow at a lower rate in 2023

Dec 30, 2022 / Brazil
As the year closes with an estimated growth of 3%, Brazil's footwear production rate is expected to decline to 1.6% in 2023 due to the macroeconomic slowdown and the gradual return of China to the global market

US: majority of SMBs are contemplating nearshoring

Dec 28, 2022 / United States
According to a survey released by the tech company Capterra, 88% of small and midsized businesses (SMBs) are considering or have already switched some of their suppliers closer to the US

William Wong: to prove sustainability we need transparent traceability

Premium ContentOct 24, 2022 / Hong Kong
Today we bring you an interview with William Wong, President at Global Footwear Sustainability Summit and Vice President at Hong Kong Footwear Association. We have talked with William about what is going on the footwear industry nowadays

UK: VAT-free shopping scheme will not be reinstated

Oct 19, 2022 / United Kingdom
The new British Finance Minister Jeremy Hunt announced that the Government no longer plans to reintroduce VAT-free shopping for overseas visitors. Luxury and retail sectors are against it

UK: unemployment hits the lowest level in 50 years

Oct 14, 2022 / United Kingdom
Unemployment stood at 3.5% in the three months to August, down by 0.3 percentage points from the previous quarter, falling to the lowest level since 1974, but due to a rise in economic inactivity

Jane Wilson, Chairman of BFA: as one collective voice, we are much stronger

Premium ContentSep 16, 2022 / United Kingdom
We spoke with footwear veteran Jane Wilson, recently named Chairman of the British Footwear Association (BFA), about the role of the Association in the current challenging macroenvironment and the main challenges for the British footwear industry in the future

US labour market powers ahead

Jul 20, 2022 / United States
Despite recessions fears, the US Bureau of Labour Statistics reported that employers hired far more workers than expected in June. Wages continued to rise at a steady pace

US footwear industry expects sales to decline

Jul 13, 2022 / United States
According to the Footwear Distributors & Retailers of America (FDRA), the footwear industry is pulling back on hiring and investment due to a major forecast of weaker sales for the next six months

Vietnamese workers reluctant to go back to work

Jan 5, 2022 / Vietnam
Generalized labour shortage across the manufacturing sector slows down Vietnam's economic recovery, despite companies offering better wages and benefits to attract workers back

Mexico: footwear industry expects to close 2021 with growth

Dec 1, 2021 / Mexico
The Chamber of the Footwear Industry of the State of Guanajuato (CICEG) forecasts that the footwear industry will close the year with growth of 25%, on a comparable basis to 2020

Germany's manufacturing: new orders up by 1.4%

Mar 18, 2021 / Germany
According to provisional results from the Federal Statistical Office (Destatis), real (price adjusted) new orders increased by a seasonally and calendar adjusted 1.4% in January 2021 compared with December 2020
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