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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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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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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 ...
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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 ...
