World Footwear

Imports

France Retail: the ball is in the consumers’ court to boost retail

Premium ContentJun 18, 2024 / France
The first quarter of the year brought some contradictory signs in France, but perhaps all is not lost, especially for footwear retailers. Prices in the category have been rising at a slower pace than general items, becoming more stable every month, which perhaps helps explain the (albeit residual) increase in footwear sales in March. Confidence indicators for both retailers and consumers remain in the red, but the small year-on-year increase in imports at the start of 2024 points to higher demand later in the year. With the European elections in June and the Olympic and Paralympic Games in August, as well as real wage growth, the ball is in consumers’ court to boost retail

Spain Retail: concerns grow for retailers after an unexpected fall in sales

Premium ContentMay 24, 2024 / World Footwear Reports
While 2024 began with consistent, albeit modest (around 1% monthly) growth, a concerning trend emerged in March, with retail sales falling sharply by 7.9% as compared to the previous month. However, a silver lining remains. Fashion is currently the retail sector experiencing the least inflation, and consumers still hold some optimism about the overall economy. This suggests that a period of resilience may be needed from retailers, but a potential rebound could be on the horizon

2023: a slow year for Italian footwear exports

May 22, 2024 / Italy
Footwear exports in 2023 faced a gradual decline, resulting in a year-end figure that was 0.6% lower in value as compared to the previous year. Negative import figures also suggest a lack of momentum in the market

FDRA calls on Biden administration to eliminate footwear tariffs

Apr 30, 2024 / United States
Matt Priest, president and CEO of the Footwear Distributors & Retailers of America (FDRA), called on the Biden administration to eliminate tariffs on footwear in order to address rising shoe prices

Japan Retail: trade did not improve at the end of 2023, but a recovery is not out of the picture

Premium ContentApr 1, 2024 / Japan
As anticipated in the previous edition of the WF Retail Japan, trade (physical and online) did not improve at the end of 2023. What’s more, the country unexpectedly slipped into recession amid sluggish consumption and pressure on retail costs due to the weak yen. However, it’s expected that the easing of consumer inflation and the recovery of wages due to labour shortages could occur in the first half of 2024 and both consumer and retailer sentiment is on an upward trend. So perhaps a modest recovery could take place soon

Tough times ahead for German shoemakers

Mar 8, 2024 / Germany
German footwear manufacturers are facing a challenging 2024, says HDS/L, highlighting only nominally higher 2023 sales and losses on imports, especially in the second half of the year

Italian footwear production slows down

Feb 29, 2024 / Italy
Italy recorded a footwear production of 148 million pairs last year, down by 8.6% year-over-year and a far cry from 2019’s 179 million pairs, after a progressive slowdown since the start of 2023

US Retail: it’s all about the prices

Premium ContentFeb 28, 2024 / United States
There are signs that footwear retail sales could rise moderately in the near term, but this will all depend on future price behaviour. On the one hand, the CPI suggests that the risk of renewed price rises is well contained, but on the other hand, retailers continue to manage excess inventories, so their pricing power may not be more evident until 2024. Perhaps better news comes from consumers’ inflation expectations for the next 12 months, as they seem to believe that they will get a break from inflation, which usually leads to more discretionary demand

Germany Retail: despite some good news, retailers continue to worry

Premium ContentFeb 1, 2024 / World Footwear Reports
German retailers’ worries are not over. Despite a slight uptrend in the Textile, Clothing, and Footwear (TCF) Retail index, in line with the recent positive trend in consumer confidence indicators, their concerns go well beyond nominal performance and focus on whether inflation will continue to erode margins. Put simply, passing on costs to customers or closing down altogether is still keeping them up at night. As the first quarter is traditionally slow, and the volatile geopolitical situation could change at any moment, we are cautious about making near-term forecasts

Spain Retail: clouds are lifting for retail

Premium ContentJan 19, 2024 / World Footwear Reports
Despite some concerns about inflation, retailers were optimistic about their prospects for the end of 2023, and data on imports at least confirmed a stabilisation in the footwear trade on favourable grounds. Looking at our previous Retail Flash, it’s now safe to say that the clouds are lifting over retail in Spain. On a different note, online fashion has clearly lost the momentum generated during the pandemic

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

Global slowdown in international footwear trade

Premium ContentJan 17, 2024 / World Footwear Reports
A sluggish demand in two of the main areas for footwear consumption, the US and Europe, resulted in a global slowdown in international trade throughout 2023. Check the snapshot of the performance of the main players with the figures known so far

US: footwear prices increased in October

Nov 24, 2023 / United States
While overall consumer prices remained stable, as compared to the previous month, retail shoe prices in October rose by 1.1% year-over-year, the sharpest increase in eleven months

Japan Retail: footwear trade is not expected to improve until the end of the year

Premium ContentNov 14, 2023 / Japan
Despite some positive news on the growth of department store sales and the return of foreign tourists, rising consumer prices set alarm bells ringing in September, suggesting that Japanese consumers in general are cutting back on spending and may be at their breaking point. In addition, the reduction in the volume of footwear imports and the impact of the country’s monetary policy on the cost of imported goods is another sign that footwear retail is unlikely to improve by the end of the year. The Government has been taking measures, but the outcome shouldn’t be seen until 2024

US Retail: footwear prospects until the end of the year are at a standstill

Premium ContentNov 12, 2023 / United States
Despite signs of a certain resilience from consumers over the summer, companies are taking a cautious approach for the rest of 2023. The long deceleration in footwear inflation came to a halt in August, so if the trend recedes, wage increases will have to follow suit, or the positive outlook for footwear retail could be jeopardised. It’s not surprising how carefully retailers are managing their inventory at the moment: neither too much nor too little
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