All Data & Analysis articles – Page 2
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News briefs
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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News briefs
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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News briefs
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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News briefs
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, ...
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ArticleItalian shoemakers increase Q1 revenues by 13.6%
Italian shoemakers increased their revenues by an estimated 13.6 percent year-over-year in the first quarter of 2023, according to a survey carried out by Confindustria Moda’s research center among members of the Italian footwear association Assocalzaturifici. The survey showed that 53 percent of companies enjoyed an increase in revenues during ...
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ArticleWhat if the metaverse settled for something simple?
BitNile Metaverse says that its metaverse at BitNile.com has surpassed 500,000 “active users” in the month since it opened its “early-access phase.” Question is, why should we care? After all, a single metaverse like Roblox – which, as our readers might recall, has deals with Nike, Adidas, H&M and FIFA ...
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ArticleTowards a money tweet?
The Delaware corporation known as Twitter was merged into a new Nevada corporation known as X Corp. on March 15. This is according to SilverFlume, the business portal for the latter U.S. state. The owner of both, Elon Musk, has since tweeted a message consisting of a single letter: X. ...
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ArticlePayPal and the world of digital payments
PayPal appears to be far and away the West’s top provider of e-wallets, according to the specialized market analysts at eCommerceDB, who have compiled survey results from Statista. But how did this come about, who are the competitors and what is the situation in other parts of the world?
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ArticleEuropean footwear demand may drop in 2023
In 2023, demand for footwear could drop by 1 percent, or by an estimated 55.6 million pairs, in Europe, according to a survey of experts published in the latest Business Conditions Survey of World Footwear. The European continent would underperform the rest of the world, where demand is expected to ...
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ArticleGolden Goose ranks among the fastest growing luxury goods brands
Golden Goose, the Italian producer of luxury sneakers, ranked third among the 20 fastest growing luxury goods companies over the past three years, according to Deloitte’s report Global Powers of Luxury Goods 2022. In the 2021 fiscal year, Golden Goose’s estimated revenues were $456 million, up by 45.0 percent from ...
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ArticleCasual footwear sales rebound in 2021
As the world returned to more pre-Covid 19 normalcy, to the office and to social events, the branded casual footwear market recovered strongly by rising 19.5 percent in 2021 to $14,671 million from $12,272 million a year earlier. While impressive, the percentage gain did not equal those made by the ...
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ArticleData fails to show significant reshoring is underway
Despite all the talk of moving footwear production out of Asia and bringing it closer to consumption markets, the so-called reshoring, there is no indication of such a trend in the data currently available, according to Joana Vaz Teixeira, editor of World Footwear, a media initiative of the Portuguese footwear ...
