Production
Catherine Hinderman: luxury isn’t just in the value of the product itself, it’s also in the story behind it
We sat with Catherine Hinderman, CEO and co-founder of the Indian-based brand Gaia Amore. Born out of a passion for culture, history and fashion, this brand stands for the concept of new luxury, that is, valuing not only the product but the hands and story behind it. And that story might have begun ages ago
Brazilian footwear production to grow between 1% and 1.7% in 2023
According to the Brazilian Footwear Industries Association (Abicalçados), this year's local footwear production is expected to grow between 1% and 1.7% over 2022, driven by the domestic market
European footwear production drops in the last 4 decades
Footwear production increased in 2021 by 8.6% to a total of 22 billion pairs of shoes, but Europe is only responsible for 2.8% of the world’s production. Asia ensures, at this stage, 88.2% of the global production
Portuguese footwear industry to invest 50 million to be the most modern in the world
In a project coordinated by the Footwear Technology Centre of Portugal (CTCP), the Portuguese footwear industry is bringing together 45 partners to develop the intelligent factory of the future
First black-owned US footwear factory opens its doors
The North American company Designer Brands inaugurated, along with the Pensole Lewis College of Business & Design, the first black-owned footwear factory in the US, called 'JEMS by Pensole'
Sustainable, please. But not more expensive!
Sustainability is on the agenda of most footwear brands. Given such importance, in the latest edition of the World Footwear Business Conditions Survey we have asked our experts if consumers will be willing to pay more for sustainability
France Retail: inflation will yet impact retail, but there is a light at the end of the tunnel
Figures by the Banque de France suggest that retailers may have felt some relief in December 2022, but the weight of inflation in these results must not be overlooked, with turnover growing quite faster than the production itself. Moreover, the impact of inflation on footwear might yet be to be felt. French consumers tend to purchase the category during sales, but retailers may not be able to make the big discounts that would make consumers shop in a context of still significant inflation due to the need of preserving margins. However, there are signs of light at the end of the tunnel, as retailers’ and consumers’ confidence indicators show that there is room, at least, for the ceasing of confidence deterioration in 2023.
Sneaker’s share to continue increasing
In the latest edition of the World Footwear Business Conditions Survey, we asked our panel of experts how they expected sneakers’ share of international footwear trade to evolve by 2050
UK Retail: bad odds for retail should consumer confidence remain on the floor
The Textile, Clothing, and Footwear (TCF) by the ONS stood above the 2019 baseline in the last two months of 2022, no doubt sustained by Christmas sales. But forecasts for the coming months are not so positive. The strain on household budgets due to the cost-of-living crisis will prove to be a challenge for retailers as well because while ongoing inflation will make sales appear to be rising, volumes will decline. Consumer confidence may be key in this equation. Even if it slightly improved in December, it was the first time in the GfK’s consumer confidence survey in the nearly 50-year history that a run of nine successive months of -40 pp or worse occurred. Should this continue, the odds are not good for retail
How can Additive Manufacturing (3D printing) be used by the footwear and leather goods sectors?
Just released! World Footwear Innovation Paper focused on new manufacturing tools available to the footwear and leather goods sectors and understand what 3D printing can do for your business
2023 could bring a loss of 56 million pairs in Europe's consumption
In the latest edition of the World Footwear Business Conditions Survey, we have asked our panel of experts about their perspectives regarding footwear consumption, in their domestic market and globally
Italian leather goods industry is only cautiously optimistic
The Italian leather goods industry grew from January to September 2022, but concerns over costs' increases and the situation in China are raising sirens in the industry
Brazilian footwear exports reach over 1.3 billion USD in 2022
According to Abicalçados, last year, Brazil exported 141.9 million pairs of shoes, generating over 1.3 billion USD, up by 14.8% in volume and 45.5% in value, as compared to 2021
Colombian footwear industry struggles with labour shortage
2022 was a good year for the Colombian footwear industry, says ACICAM. But rising costs and, especially, the labour shortage might slow down production in 2023
Cost of merchandise and raw materials is the main concern of the industry
In the current edition of World Footwear Business Conditions Survey, problems associated with the cost of merchandise and raw materials account for more than 80% of responses relating to the main difficulties felt by the footwear industry-
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