Clothing and footwear sales have improved since January, with the latter already exceeding last year’s figures, but overall retail remains slightly below 2024’s levels. Although holiday forecasts point to moderate growth, rising inflation, falling consumer confidence and shifting interest rates suggest an economically fragile backdrop. Trade pressures are also having an impact on the sector: the value of footwear imports increased, but their volume fell, suggesting that retailers are absorbing higher costs through surgical price increases. A one-year suspension of additional tariffs on Chinese footwear provides temporary relief, but economic uncertainty persists