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The EU’s population has peaked
With a current population of nearly 451 million people, the European Union’s population has peaked, according to a report by the Joint Research Centre (JRC) of the European Commission. The EU’s population is projected to be around 445 million by 2050, and 398.8 million by 2100, representing an overall decrease ...
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ArticleGlobal luxury spending seen stabilizing in 2026
Worldwide luxury spending reached €1,443 billion in 2025 and is on a trajectory of gradual stabilization in 2026, according to the spring update of the Bain-Altagamma Luxury Goods Worldwide Market Study, a report released by the consultancy Bain & Company in partnership with Altagamma, the Italian luxury goods industry ...
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ArticleSpanish shoemakers call for immediate safeguard measures
AEC, the Spanish association of footwear and leather goods component manufacturers, warned that the sector is facing “a critical situation” that could soon become irreversible. It called for safeguard measures as industrial activity is declining and external pressure is mounting. “At AEC, we have long been highlighting the deterioration of ...
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ArticleExperts remain ‘broadly optimistic’ about the outlook of the global footwear industry
Experts remain “broadly optimistic” about the short-term outlook of the global footwear industry, which is expected to continue to benefit from higher selling prices and growing demand in volume, according to the latest Business Conditions Survey released by World Footwear. The results of the survey “indicate that the global footwear ...
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ArticleGerman fashion industry faces a 'horrific' situation, with footwear worst hit
Germany’s fashion and footwear retail sector faced another difficult year in 2025, as weak consumer spending, rising operating costs, growing online competition and excessive red tape put a strain on brick-and-mortar businesses, according to estimates from BTE, the German retail federation. Intense competition from Asian platforms such as Shein and ...
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ArticleGerman consumers turn to Temu and Shein amid financial pressure
Economic pressure is a decisive factor for German shoppers, who continue to turn to discount platforms such as Temu and Shein despite persisting concerns over product quality and safety, surveys by the federal association of e-commerce and mail order trade, BEVH, show. Conducted in late December, the surveys examine ...
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ArticleExperts are confident about global footwear sales growth
The short-term outlook for footwear sales volumes and price growth is positive, based on the findings of the latest survey of experts published in the latest Business Conditions Survey released by World Footwear. About 77 percent of the panel expect sales volumes and prices to increase by at least 1.5 ...
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News briefs
Luxury goods market seen rebounding in 2026
UBS believes that the luxury goods sector could enjoy an average organic sales growth of 5 percent in 2026 thanks to creative shifts and improving demand trends. “We are entering 2026 hopeful that the worst is over,” the Swiss bank said, after a consistently cautious stance on the sector since ...
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ArticleGlobal branded casual footwear market grew 3.5% in 2024
The international branded casual footwear market grew by 3.5 percent in 2024 to $17,016 million from $16,447 million in 2023, with balanced growth from the US and global sales. The US branded casual shoe market rebounded 3.9 percent to $7,024 million from $6,763 million, while revenues from outside the US ...
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ArticleGlobal personal luxury goods market seen falling by 2% this year
The personal luxury goods market is expected to decline by 2 percent at current exchange rates, but to be flat at constant rates, reaching €358 billion in 2025, but could resume growing over the next decade by up to 6 percent a year, according to a report released by the ...
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ArticleGlobal footwear market seen rising an annual average of 5.9% to 2032
The global footwear market was estimated at $409.5 billion in 2022, and is anticipated to hit $725.1 billion by 2032, registering a compound annual growth rate of (CAGR) of 5.9 percent from 2023 to 2032, according to Allied Market Research. In a report titled “Footwear Market by Type (Athletic and ...
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ArticleGlobal footwear production rose by 6.9% in 2024
In 2024, global footwear production increased by 6.9 percent to 23.9 billion pairs, recovering from the 6 percent decline posted in 2023, according to the World Footwear Yearbook 2025 released by the Portuguese footwear association Apiccaps. The recovery was driven by stronger consumption in key markets, such as China, where ...
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ArticleGlobal market for personal luxury goods seen declining by 2-5% in 2025
The global market for personal luxury goods is expected to decline by 2-5 percent this year after falling by 1 percent at current exchange rates to €364 billion in 2024, according to a report released by the consultancy Bain & Company in partnership with Altagamma, the Italian luxury goods ...
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ArticleTwo-thirds of international firms are facing higher costs due to the trade war
Global businesses are facing surging costs and supply chain disruptions, prompting a strategic rethink of operations and planned investments due to higher tariffs and shifting trade policies, according to a survey carried out by the British bank HSBC. The survey involved 5,750 internationally exposed companies across 13 markets. “Two-thirds of ...
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News briefs
Turkish inflation seen falling to 24% this year
The Turkish central bank raised its forecast for end-2025 inflation to 24 percent from the 21 percent it had estimated in November. Fatih Karahan, the Governor of the Turkish central bank, said that the bank was maintaining its end-2026 inflation forecast of 12 percent. He also noted that the ...
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ArticleRussia shoemakers cut production as the business environment worsens
Several shoe factories have stopped or curtailed operations in Russia over the past few months as the economic environment in the country grows more challenging. For instance, the Romer shoe factory in Kaluga, with a nameplate capacity of 470,000 pairs of shoes per year, has been permanently closed. In the ...
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ArticleEuropean footwear consumption seen anemic in 2025
Europe is expected to lag all other continents in terms of footwear consumption this year, according to a survey of experts published in the latest Business Condition Survey of World Footwear. On average, global footwear consumption, in volume, is forecast to rise by 8.4 percent in 2025 compared with 2024, ...
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News briefs
Demand for luxury goods to remain under pressure due to China
Consumer discretionary categories such as jewelry, beauty, apparel and footwear are expected to remain under pressure due to ongoing weakness in Chinese consumption, Deutsche Bank Research said in a note. The bank forecasts China’s retail sales to grow by 4.1 percent in 2024 and by 5.0 percent in 2025.
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ArticleThe stocks of footwear companies weaken in Q2 on soft economic prospects
The prices of stocks monitored by Shoe Intelligence fell by 4.6 percent on an equal-weighted average in the second quarter of 2024, compared with the previous three months as many economies continue to show signs of weakness. Meanwhile, interest rates in Western countries are staying higher for longer than expected ...
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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 ...
