Latest Data & Analysis – Page 2
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ArticleThe stocks of footwear companies slip led by British firms
The prices of stocks monitored by Shoe Intelligence fell by 7 percent in the second quarter of 2023 compared with the previous three months, when the cohort gained about 5 percent. Shares were driven lower by British constituents of the panel. Some companies were hit by worrisome financial situations, but ...
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News briefs
Global custom footwear market seen up nearly 6% over coming years
The global custom shoes market was worth $703 million in 2022 and is projected to reach $1,213 million by 2032, growing by a compound annual growth rate (CAGR) of 5.8 percent, according to a research by Market.Us. In 2022, the market for custom shoes was dominated by men, which represented ...
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News briefs
U.K. online footwear sales rise 4.7%
Footwear posted a 4.7 percent year-on-year rise in online sales in the U.K. in January, the only subcategory in clothing to enjoy an annual increase during the month, according to the IMRG Online Retail Index. Total online sales in clothing were down by 4.5 percent year-over-year in January. Overall ...
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News briefs
German businesses enter holiday season with a ‘sense of hope’
The business climate index in Germany rose to 88.6 in December from 86.4 the previous month, according to data released by the think tank Ifo. The data was better than economists’ expectations for a reading of 87.4. The index on current conditions rose to 94.4 in December from 93.2 ...
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News briefsMexico footwear industry faces slow recovery
Mexico’s footwear industry may not return to pre-Covid-19 production levels before 2024, according to Ignacio Irurita, vice president of the local trade association Canaical. The country produced 190.5 million pairs of shoes in 2021, up about 20 percent from 2020 but about 60 million pairs less than in 2019. Irurita ...
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ArticleGlobal footwear prices are expected to rise significantly due to higher costs
On average, global shoe prices will increase by 8.4 percent over the next six months, with a maximum rise of 9.8 percent forecast for Europe and a minimum surge of 5.7 percent expected in North America, according to a survey of experts published in the latest Business Condition Survey of ...
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ArticleBrazilian, Indian footwear stocks outperform in a weak environment
In the first quarter of 2022, the share prices of footwear companies fell sharply, tracking global equity markets lower. But, the Indian and Brazilian companies that we monitor for our stock performance survey outperformed their peers over the period.
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ArticleBrazilian exports at their highest since 2011
In February 2022, Brazilian footwear exports rose by 36.2 percent in volume to 13.58 million pairs and by 75.5 percent in value to $108 million, according to data released by the Brazilian footwear association, Abicalçados. In the first two months of 2022, exports rose by 40 percent in volume to ...
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ArticleGlobal footwear market seen at $440bn in 2026
In 2020, the global footwear market was estimated at $384.2 billion and is expected to rise by a compound annual growth rate (CAGR) of 2.3 percent to reach $440 billion in 2026, according to Reportlinker, a research institute using artificial intelligence to compile reports. Casual footwear, one of the segments ...
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News briefsGeopolitical tensions impact the Russian shoe market
The price of footwear in Russia is expected to rise by at least 15 to 25 percent in 2022 due to rising production costs and the depreciation of the Russian ruble, the Russian analytical agency Fashion Consulting Group forecast. The ruble hit a 15-month low against the dollar after the ...
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ArticleMillennials and Gen Z are more likely to embrace luxury than older generations
As a new generation of younger, digitally-savvy shoppers comes to the fore in the luxury marketplace, new trends are emerging, a survey conducted by the Swedish retail banking, payment and shopping service Klarna showed. These include a stronger focus on sustainability, which leads to favor quality products that will last ...
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News briefs
Kazakh fashion manufacturers lose market share
During the first three quarters of 2021, clothing and footwear manufactured in Kazakhstan accounted for only 10 percent of sales on the domestic market, 4.6 percentage points less than during the same period of the previous year, the Kazakh Committee for Industrial Development estimated. The overall market size totaled $2 ...
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ArticleBrazilian exports rise 32% in volume in 2021
In 2021, Brazilian footwear exports rose by 32.0 percent year-over-year in volume to 123.6 million pairs and by 36.8 percent in value to $900.3 million, according to data released by the trade association Abicalçados. When compared with 2019, exports grew by 7.3 percent in volume but fell by 7.4 percent ...
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ArticleIndian footwear market forecast to grow 50% in 3 years
In the fiscal year ending in March 2021, the Indian footwear market declined to 660 billion rupees (€7.9bn-$8.8bn) from 960 billion rupees in the previous year due to the Covid-19 pandemic. But by March 2025, the market is expected to increase by about 50 percent to 1,380-1,450 billion rupees (€16.5-17.3bn-$18.3-19.3bn) ...
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Article
Global orthopedic footwear sales to rise nearly 6% a year
The global orthopedic footwear industry is expected to reach $11,741 million by the end of 2028 compared with $7,513 million in 2020, representing a compounded average growth rate (CAGR) of 5.85 percent over the period, according to Kenneth Research. In a recently released report called “Orthopedic Footwear Market: Global Demand ...
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ArticleShoe industry marked by IPOs and takeovers in Q4
The footwear industry witnessed further extraordinary finance transactions during the fourth quarter as companies continue to take advantage of the abundant liquidity injected into the financial system by central banks worldwide to shore up the economy after the Covid-19 outbreak last year. Allbirds, the loss-making California-based producer of Wool Runner ...
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News briefs
Shopping via social media seen reaching $1.2 trillion in 2025
Shopping through social media platforms is expected to grow three times as fast as traditional e-commerce, according to a report issued by Accenture. Boosted by the Covid pandemic, it should rise from $492 billion a year to $1.2 trillion globally by 2025. The report shows that 64 percent of the ...
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ArticleItalian shoemakers' revenues seen rising 16.2% in 2021
Revenues for Italian footwear manufacturers is expected to rise by 16.2 percent in 2021, but would remain about 10-15 percent below the levels registered in 2019, before the onset of the Covid-19 pandemic, according to a survey carried out in October by Confindustria Moda’s research center among the members of ...
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News briefs
Global vegan footwear market forecast to reach $300bn in 2030
The vegan footwear market is expected to reach $300.19 billion by 2030 from $156.89 billion in 2020, representing a compound annual growth rate (CAGR) of 6.8 percent, according to a report published by Allied Market Research. North America contributed the highest share in terms of revenue in 2020, holding more ...
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ArticleCompanies must be sincere in promoting sustainability or risk a backlash
With consumers demanding more sustainable and equitable products and being increasingly aware of corporate greenwashing, footwear brands must be authentic in marketing sustainable goods. Otherwise their communication strategy may backfire, trend forecasting company WGSN warned during a couple of webinars organized by the Italian trade fair Expo Riva Schuh. Greenwashing ...
