All Market Statistics articles – Page 12
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News briefs
French footwear sales plunge in June after a strong May
Footwear sales dropped by 9.0 percent month on month in June, on a seasonally and working-day adjusted basis, the sharpest decline among the categories monitored by the Bank of France to gauge retail trade. In May, footwear had been the best performing category with a 7.5 percent rise. Overall retail ...
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ArticleItalian footwear sales slow down due to war in Ukraine
Revenues of Italian footwear manufacturers are estimated to have risen by 8.1 percent in the first half of 2022 following a sharp slowdown in sales during the second quarter due to Russia’s invasion of Ukraine on Feb. 24. According to a survey carried out by Confindustria Moda’s research center among ...
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ArticleFootwear stocks track global markets lower in Q2
In the second quarter of 2022, footwear stocks declined significantly in line with global markets, which suffered their strongest pullback in decades. In the U.S., the S&P 500 index posted its worst performance in the first half of the year since 1970. Global markets were hit by raising inflation, a ...
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ArticleSinking euro signals EU’s slowing economic growth
For the first time in nearly two decades, the euro and U.S. dollar yesterday nearly reached 1-for-1 parity. That suggests a recession is on the horizon for the European Union, contends some economists. Experts contend there are several reasons the euro against the dollar has depreciated 12 percent since the ...
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German economic sentiment collapses
The ZEW Indicator of Economic Sentiment for Germany slumped by 25.8 points month-on-month to minus 53.8 points in July. The assessment of the economic situation in Germany also decreased sharply and currently stands at minus 45.8 points, 18.2 points lower than in the previous month, according to the ZEW ...
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U.K. retail sales drop in June
In June, U.K. retail sales fell by 1.0 percent from a year earlier and were 1.3 percent lower on a like-for-like basis, a rate of contraction not seen since the depths of the pandemic, as inflation continues to bite, and households cut back spending, according to the latest Retail Sales ...
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Argentina sees 2022 footwear output around 125 million pairs
On the basis of orders already received, Argentina expects 2022 footwear production to return to 2015 levels of 125 million pairs, according to the Minister of Productive Development, Daniel Scioli. Last year, Argentine footwear production totalled 107 million pairs.
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Global luxury market to grow 6% annually to 2026
After returning to pre-Covid levels in 2021, the global luxury industry is forecast to rise by 6 percent annually, on average, to reach €494 billion in 2026 against an estimated €388 billion this year, according to a survey by the Boston Consulting Group and the French luxury goods association, Comité ...
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ArticleBrazil footwear exports continue to rise strongly
In May, Brazilian footwear exports rose by 19.8 percent in volume to 10.5 million pairs and by 59.5 percent in value to $104 million, according to data released by the Brazilian footwear association, Abicalçados. In the first five months of 2022, footwear exports rose by 30.2 percent in volume to ...
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Global luxury goods market to approach $300 bn in 2026
The global luxury goods market is expected to reach $296.9 billion by 2026, according to the report “Global Luxury Goods Industry” released by Reportlinker.com. This compares with an estimated size of the market of $224.8 billion in 2020 and represents a compound annual growth rate (CAGR) of 4.8 percent over ...
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German consumer confidence falls to record low - GfK
After the U.K., German consumer confidence is estimated to have dropped to record low due to the war in Ukraine and rising inflation. Consumer confidence in Germany in July is expected to decline to a record low of -27.4 from -26.2 points in June, revised from a preliminary estimate of ...
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Low-cost footwear to increase market share in Russia this year
This year, the Russian footwear market could face a 15-20 percent slump in sales in value and a 25-30 percent drop in volume, forecast Anush Gasparyan, commercial director of the Russian consultancy Fashion Consulting Group. The average price of shoes is set to rise by 30 percent year-on-year, pushing consumers ...
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Vietnam’s footwear exports up nearly 13%
Vietnam’s footwear exports rose by 12.6 percent year-over-year in the first four months of 2022, generating more than $7.3 billion dollars in revenues, according to the country’s Ministry of Industry and Trade. In the whole of 2021, Vietnam generated $17.6 billion from the export of footwears, up by 4.9 percent.
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Indian leather exports up by a third
Indian exports of leather and leather products rose by a third to reach $4.4 billion in the 11 months to February 2022, according to the Council for Leather Exports (CLE). India’s fiscal year runs from April to March. Exports of leather footwear rose by 39 percent to $1.8 billion and ...
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Italy fashion sector revenues up by 19.3% in Q1
Revenues in Italy’s fashion sector in the first quarter of 2022 increased by 19.3 percent compared to the year earlier, above expectations of 14 percent growth, according to data from the research office of the trade association Confindustria Moda. In the same period, orders in the fashion sector were 15 ...
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Pakistan footwear exports up 11.5% in 10 mths
Pakistan exported 15.7 million pairs of shoes, up by 11.5 percent in volume, in the first ten months of the country’s fiscal year ending in June. Export revenues grew by 21 percent to $130 million over the period, according to the Pakistan Bureau of Statistics.
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News briefs
German consumer confidence at record low
German consumer confidence in May is expected to fall to -26.5 points from -15.7 in April, revised down from a preliminary -15.5 points, according to the market research group GfK. Both economic and income expectations along with the propensity to buy have noticeably declined. “As a result, consumer sentiment plunged ...
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Global smart shoes market to rise nearly 11% a year - report
The global smart shoes market is estimated to rise from an estimated $150.25 milllion in 2021 to $250.34 million by 2026, growing at a compound annual growth rate of 10.75 percent, according to a report released by ResearchAndMarkets.com titled ”Global Smart Shoes Market (2021-2026) by Product Type, End-User, Distribution Channel, ...
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ArticleNearly half of U.S. shoppers to spend less on shoes
A survey released by the Footwear Distributors and Retailers of America (FDRA) indicated that 48 percent of U.S. consumers plan to spend less on shoes this spring than last year and that 49 percent of shoppers are putting off footwear purchases because of inflation. In March, footwear prices rose by ...
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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.
