All Data & Analysis articles
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ArticleFootwear stocks treaded water in a quarter marked by shareholder activism
The prices of stocks monitored by Shoe Intelligence grew by 1.3 percent on average in the first quarter of 2024, compared with the previous three months, in very volatile trade. The quarter was marked by shareholder activism. Tabor Asset Management, a US investment company that has a 1.1 percent stake ...
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ArticleVenezuelan shoemakers rely on government intervention to regain market share
Faced with a difficult domestic economic environment, tough competition from neighboring countries and China as well as illegal imports, Venezuelan footwear manufacturers are relying on government help to relaunch a flagging industry. With one billion pairs of shoes produced annually, Latin America accounts for 4.8 percent of world footwear production, ...
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ArticleHeydude is the hottest casual footwear brand in the US - Brand Heat Index
Heydude is the hottest casual footwear brand, both among men and women in the US, while Allbirds fell out of the top 10 both for men and women, according to the 2024 U.S. Footwear and Apparel Brand Heat Index released by L.E.K. Consulting. “In 2024, competition in the footwear space ...
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ArticleFootwear sales rose by 4% in 2023 in Germany while 15% of stores closed
Footwear retail sales in Germany increased in 2023 by approximately 4 percent, or €480 million, to €11.6 billion (including VAT), despite a few spectacular bankruptcies, estimates from the country’s textile, shoes and leather goods trade association, BTE, showed. The figure includes brick-and-mortar shoe stores (€6.8 billion), online sales (€2.7 ...
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ArticleItalian shoemakers concerned about the first half of 2024
After having experienced a decline in revenues in the second part of 2023, Italian footwear manufacturers expect the negative trend to continue during the first half of 2024. After gains posted in the first half of 2023, driven by a 13.6 percent year-over-year surge in the first quarter and a ...
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German economic sentiment improves
In February, the index for economic sentiment in Germany rose to 19.9 from 15.2 in January, lifted by expectations that the European Central Bank (ECB) and the US Federal Reserve would start cutting interest rates to stimulate the economy, according to the latest survey released by think tank ZEW. Economists ...
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ArticleThe stocks of footwear companies inched up in Q4
The prices of stocks monitored by Shoe Intelligence grew by 4 percent on average in the fourth quarter of 2023, compared with the previous three months, but trading remained volatile, with significant fluctuations among the companies of the cohort. The quarter was marked by the initial public offering (IPO) of ...
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Brazilian footwear exports rise in volume in October
In the first ten months of 2023, Brazilian footwear exports totaled 102.5 million, down by 14 percent year-over-year in volume, and generating about $1 billion in revenues, down by 8.8 percent in value. Compared to the first ten months of 2019, prior to the impact of Covid-19, exports were up ...
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Italian economy may slow down in the coming months
Italy’s economy could slow down in coming months as business and consumer surveys indicate a continued decline in confidence, wrote statistics institute Istat in its monthly note on the Italian economy. Istat noted that consumer confidence fell for the fourth consecutive month in October, reaching its lowest level since January. ...
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ArticleGerman online footwear sales down 18.6% in Q3
Online sales continued to drop in Germany in the third quarter of 2023 after two weak quarters this year and a decline in 2022, with the footwear sector again plummeting amid heightened uncertainty, a survey from the Federal association of e-commerce and mail order trade, BEVH, showed. In particular, ...
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Weak demand expected to prolong destocking in the U.S., EU
Weak demand in the U.S. and the European Union is expected to prolong destocking by brands and affect manufacturers of sportswear and footwear in 2024, according to the brokerage Jefferies. Despite resilient production by original equipment manufacturers (OEMs), Jefferies said that it has witnessed brands like Uniqlo “trimming orders and ...
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ArticleBrazil’s footwear exports continue to decline
In August, Brazilian footwear exports were down by 12.8 percent year-over-year in volume to 9.34 million pairs and by 18.6 percent in value to $95.6 million, according to data released by the Brazilian footwear association Abicalçados. In the first eight months of 2023, shoe exports totaled 82.28 million pairs, down ...
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ArticleChina becoming more challenging for foreign investors - AmCham Shanghai
Sentiment about doing business in China is at a record low as the country becomes more challenging for foreign investors, according to a survey released by The American Chamber of Commerce in Shanghai (AmCham Shanghai). “U.S.-China bilateral tensions, Covid disruptions and macroeconomic pressures, member companies report worsening business results and ...
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ArticleItalian shoemakers suffer a sharp slowdown in Q2
Italian shoemakers increased their revenues by an estimated 1.2 percent year-over-year in the second quarter of 2023 compared with a 13.6 percent rise in the first quarter of the year, according to a survey carried out by Confindustria Moda’s research center among members of the Italian footwear association Assocalzaturifici “The ...
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ArticleZalando tops the ranking of European fashion e-tailers
In 2022, Zalando topped the ranking of online fashion retailers operating in the European Union, according to the second edition of “Top 250 Fashion & Beauty Retail Europe” released by Cross-Border Commerce Europe. Zalando controlled 9.8 percent of the EU online fashion market largely thanks to its strong presence in ...
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Italy on the edge of a recession
Italy’s gross domestic product (GDP) is now expected to rise by 0.8 percent in 2023 and by 1.0 percent in 2024, said Mariano Bella, director of the research office of Italian retailers’ association Confcommercio. That compares with Confcommercio’s previous estimates of 1.2 percent and 1.3 percent growth for the two ...
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ArticleMain footwear producing countries suffer sharp falls in exports
The world’s four main footwear manufacturing countries have registered “very significant” falls in exports during the first half of 2023, according to data collected by Apiccaps, the Portuguese footwear association. Some key consumption markets are clogged up with inventories, stemming from overbuying to overcome disruption to the supply chain caused ...
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ArticleThe Brazilian trade show BFShow to hold its first edition Nov. 21-23
Brazilian Footwear Show-BFShow, promoted by the Brazilian footwear association Abicalçados in partnership with NürnbergMesse Brasil, will hold its first edition on Nov. 21-23 in Porto Alegre at the FIERGS exhibition center. The trade fair also has the support of the Brazilian export and investment promotion agency Apex Brasil and of ...
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French footwear retail sales continue to rise in June
In June, French footwear retail sales rose by a seasonally and working-day adjusted 1.1 percent month-on-month, according to the Bank of France. In May, sales of footwear increased by 2.9 percent. Overall, retail sales of manufactured goods in France grew by a seasonally and working-day adjusted 0.7 percent compared with ...
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ArticleU.S. footwear imports to plunge in 2023 due to bloated inventories
U.S. footwear imports are likely to plummet to below 2.0 billion pairs this year after a nearly 30 percent growth in 2022 to nearly 2.75 billion pairs, according to data from the U.S. International Trade Commission and a forecast from the The Footwear Distributors & Retailers of America (FDRA). Correspondingly, ...
