French footwear sales rise further in March
In March, French footwear retail sales rose by a seasonally and working-day adjusted 2.5 percent month-on-month, according to the Bank of France. In February, sales of footwear increased by 1.6 percent. The reading was revised up from a preliminary 0.9 percent.
Footwear 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.
Heydude 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.
Footwear 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.
Italian 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.
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 ...
Brazilian footwear exports collapse in December
In December, Brazilian footwear exports fell by 41.5 percent year-over-year in volume to 7.45 million pairs and by 33.3 percent in value to $73.44 million, according to data released by the Brazilian footwear industry association, Abicalçados.
Italian footwear companies suffer a decline in sales in the second half of 2023
After the gains posted in the first half of 2023, driven by a 13.6 percent year-over-year surge in the first quarter and a timid 1.2 percent rise in the second quarter, revenues of Italian shoe makers are estimated to have dropped by 5.8 percent year-over-year in the third quarter, according ...
German consumers prefer to shop in the city center, HDE survey shows
Consumers in Germany prefer high street shopping, a report from the German trade association HDE showed, with over half of those surveyed putting the brick-and-mortar shopping experience above online shopping.
Footwear 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.
German fashion manufacturing back to pre-pandemic levels, but outlook remains cautious
German clothing manufacturers swung back to pre-Covid-19 levels as they posted a double-digit sales increase in 2023, up by 10.8 percent to €6.8 billion, according to official figures from the country’s statistics office Destatis.
Venezuelan 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.
Kazakhstan sees a rise in footwear imports as local production remains low
Kazakh footwear manufacturers only covered a tiny part of domestic demand, and their market share is shrinking, a recent research showed.