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Consumer confidence improves in the UK, stabilizes in Germany
In the UK, consumer confidence improved to -17 in July from -23 in June, according to the GfK Consumer Confidence Barometer powered by the Nuremberg Institute for Market Decisions (NIM). It is the largest improvement in sentiment since November 2023. “Hot on the heels of the summer heat waves, July ...
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French footwear exports down 2% in the first 5 months
French exports of footwear totaled €2.121 billion in the first five months of 2026, down by 2 percent year-over-year, while imports were down by 8 percent at €3.088 billion, according to data released by Alliance France Cuir, the trade association representing the country’s leather and leather goods industry. It added ...
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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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ArticleItalian shoemakers saw their revenues decline again
In the first quarter of 2026, revenues of Italian footwear manufacturers fell by 2.7 percent year-over-year, resuming a downward trend after a 1.1 percent rise in the final three months of 2025, according to a survey carried out between April and May by Confindustria Accessori Moda among members of the ...
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ArticleAustrian footwear retailers plan to reduce budgets for spring/summer 2027
Weak consumer sentiment and falling footfall, compounded by high costs and structural deficits such as rigid ordering systems and increasing digital displacement, are putting increasing pressure on the Austrian shoe retail sector, a survey from buying group Ringschuh Austria showed. Most retailers plan to reduce their budgets for next ...
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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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French footwear production fell to 10.1m pairs in 2025
The production of footwear in France dropped to 10.1 million pairs in 2025 from 12.6 million the previous year, according to data released by Alliance France Cuir, the trade association representing the country’s leather and leather goods industry. Excluding slippers, shoe manufacturing fell to 6.6 million pairs from 9.0 ...
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German and French consumer confidence stabilize
Consumer confidence is stabilizing in Germany and France, the two largest economies in the eurozone, albeit at low levels. In July, consumer confidence in Germany is expected to improve to -29.2 from -29.7 in June , according to the latest NIM Consumer Climate powered by GfK. The preliminary reading ...
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French footwear sales rise in May
In May, French footwear retail sales, in volume, rose by a seasonally and working-day adjusted 2.1 percent month-on-month, according to the Bank of France. Overall, retail sales in France fell a seasonally and working-day adjusted 0.6 percent in May following a 0.3 percent rise in April. The central bank said ...
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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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Germany’s workforce seen shrinking by 4.3 mln by 2036 - IW
Germany’s potential workforce is expected to decline by 4.3 million people from now until 2036, falling about 7 percent to reach roughly 51 million people that year, according to a study from the German economic research institute IW. IW noted that the German population is shrinking faster than previously expected. ...
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German economic recovery slower than previously expected
German gross domestic product (GDP) is expected to recover more slowly than expected in 2027 as the war in Iran weighs on economic momentum, according to the Kiel Institute’s summer economic forecasts. German GDP is now seen rising by 1.0 percent in 2027, revised down from a previous ...
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ArticleGerman retail under pressure as insolvency fears rise and succession crisis deepens
The German retail sector is facing pressure from multiple fronts, with a growing number of businesses fearing for their survival and an escalating succession crisis threatening the future of thousands of small and medium-sized enterprises, according to recent surveys. A business survey by the Ifo Institute found that 17.4 percent ...
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ArticleThe German fashion market remained stable in 2025
Despite growing consumer restraint and economic uncertainty shaping purchasing behaviour, Germany’s fashion market remained stable in 2025, with sales reaching €58.5 billion, a slight increase from the previous year, the latest Fashion Industry Report from IFH KÖLN and BBE Handelsberatung found. Market analysts expect a further moderate increase to €58.8 ...
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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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US footwear inflation at a 43-month high
The retail prices of footwear in the US rose by 4.2 percent year-over-year in April, the sharpest increase in 43 months, according to Footwear Distributors and Retailers of America (FDRA). Retail prices for women’s footwear grew by 4.5 percent, while prices for men’s and children’s shoes both rose by ...
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Turkish inflation to slow down less than expected this year
The Turkish central bank has revised upwards its forecast for the country’s inflation at end 2026 to 26 percent from a previous 16 percent amid higher energy prices in the wake of the war between Iran and the US, said the bank’s Governor, Fatih Karahan. Turkey’s annual inflation rate stood ...
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ArticleGerman online retail grows in Q1 despite geopolitical and economic pressures
Germany’s online retail sector continued to grow in the first quarter of 2026 despite the war in the Middle East, rising energy costs and persistent economic uncertainty. According to a consumer survey by BEVH, the German e-commerce and distance selling association, the market extended its recovery trend, although at a ...
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Turkish inflation picks up
Consumer prices in Turkey in April increased by 32.4 percent compared to the year earlier, after rising by 30.9 percent in March, according to data from Tuik. Compared to the previous month, consumer prices in Turkey rose by 4.2 percent after growing by 1.9 percent in March. However, independent ...
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Italian consumer confidence declines
Italy’s consumer confidence index fell to 90.8 in April from 92.6 the previous month, while business confidence declined to 95.2 from 97.3, data from statistics institute Istat showed. Among consumers, the economic climate component of the index fell to 82.7 from 88.1, the future climate component declined to 82.5 from ...
