All Market Statistics articles – Page 8
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ArticleItalian footwear production down by a quarter in 2020
Footwear production in Italy fell by 24.6 percent in value to €6,023 million in 2020 and by 27.1 percent in volume to 130.5 million pairs due to the impact of the Covid-19 pandemic, according to preliminary data released by the Italian footwear association Assocalzaturifici. Overall revenues for the Italian footwear ...
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News briefs
Italian fashion industry seen rising by 10% in 2021
Revenues of the Italian fashion industry fell by about 23 percent in 2020 due to the impact of the Covid-19 pandemic and are not expected to return to pre-crisis levels before 2023, according to the investment bank Mediobanca. This year, the sector’s sales are expected to rise by about 10 ...
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News briefsBrazilian exports at their highest since April
In January, Brazilian footwear exports fell by 33.2 percent year-over-year to $60.93 million. In volume, the decline narrowed to 22.2 percent with 9.73 million pairs sold. However, month-on-month exports increased by 5.0 percent in volume and by 2.1 percent in value and were at their highest level since April 2020. ...
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ArticleBrazilian footwear output forecast to rise by 14.1% this year
Brazilian footwear production is expected to rise by 14.1 percent this year after having fallen by an estimated 21.8 percent in 2020 due to the impact of the Covid-19 pandemic and reaching a 16-year low, according to Abicalçados, which represents the local footwear industry. It estimates 2020 production at 710 ...
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ArticleStocks of footwear companies fell by 16.3% in 2020
Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.
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News briefs
French shoe retailers suffer 27.5% drop in 2020 sales
Going through two Covid-related lockdowns, French specialty retailers saw their average sales decline by 18 percent in 2020, although their online turnover jumped by 80 percent for the year, including a growth of 85 percent in December, according to their trade association, Procos. Shoe retailers suffered the biggest losses with ...
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ArticleItalian shoe makers hit by Christmas shopping restrictions
The Italian footwear association Assocalzaturifici warned that restrictive measures introduced over the Christmas shopping period in various countries to combat the propagation of the Covid-19 virus will have “serious repercussions” on an already weakened industry. In Italy, the government had to reintroduce restrictions with the resurgence of cases and even ...
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Article
Fashion industry sales may return to pre-Covid levels late 2022
The global fashion industry is expected to suffer a 15-30 percent decline in sales this year and is not expected to return to 2019 levels until at least the third quarter of 2022, according “The State of Fashion 2021”, a new report by Business of Fashion and McKinsey & Co. ...
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News briefs
Global footwear market to grow 2% a year to 2024 - Technavio
The global footwear market is expected to grow by an annual average of over 2 percent in the period running from 2020 to 2024, according to a report published by the research and advisory company Technavio. The increase would add $42.1 billion to the market’s overall size. It noted that ...
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ArticleGMS affiliates suffer sales decline but outperform other German retailers
In this year’s pandemic-riddled market, affiliates of the Cologne-based shoe retailing association GMS managed to limit losses, achieving significantly better results than the national average. A survey on sales between January and September showed an average drop of 6.4 percent for GMS’s affiliates, compared with a decline of around ...
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News briefsBritons started Christmas shopping in October
Britons started their Christmas shopping early this year, according to data released by the Office for National Statistics (ONS). In October, retail sales volumes increased by 1.2 percent in the U.K. when compared with September, marking the sixth consecutive month of growth. The increased reached 6.4 percent for non-store retailing, ...
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ArticleGlobal footwear demand seen down by 22.2% in 2020
Global demand for footwear is expected to fall by 22.2 percent this year, due to the impact of the Covid-19 pandemic, according to an updated forecast made by a panel of experts for the latest Business Condition Survey of World Footwear. In its April edition, panelists had estimated the decline ...
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News briefs
The second-hand market is growing in Russia
The Covid-19 pandemic has spurred the demand for second-hand shoes and clothes in Russia, a research conducted by the Russian consulting agency Fashion Research Group showed. As of today, this segment accounts for 6 percent of sales of the Russian fashion market. The continuing deterioration in purchasing power is likely ...
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ArticleU.S. footwear market showing signs of stabilization
The U.S. footwear industry suffered sharp sales declines in 2020 due to lifestyle changes and shifts in consumer behavior due to the Covid-19 pandemic, but trends are expected to stabilize and recover through 2021, according to NPD’s Future of Footwear report. The fashion category, which has been hit the hardest ...
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News briefs
French footwear output down 31.0% in January-August
Because of the impact of the Covid-19 pandemic, French footwear production fell by 31.0 percent year-on-year in the first eight months of 2020, with revenues of shoe manufacturers down by 23.5 percent, according to the French National Leather Council (Conseil National du Cuir). Shoe exports, excluding slippers, fell by 17.0 ...
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ArticleMost Italian shoe makers expects sales to fall by more than 20% this year
More than two-thirds of Italian shoe makers expect their revenues to fall by over 20 percent this year, assuming no worsening of the Covid-19 situation this autumn. In a survey carried out in July by Confindustria Moda’s research center, and released by the footwear association Assocalzaturifici, showed that 52 percent ...
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News briefs
Russian shoe market nearly 3 times larger than previously estimated
The recent introduction of mandatory tagging of footwear in Russia has shown that up to 1.3 billion pairs of shoes are sold in the country on average per year. This is nearly three times more than previous official estimates, said Denis Manturov, the Russian industry and trade minister The tagging ...
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ArticleNew records in footwear production and exports before Covid-19
Global production of footwear reached a record of 24.3 billion pairs in 2019, according to the latest edition of the World Footwear Yearbook, published annually by Apiccaps, the Portuguese industry association of footwear, leathergoods and related components. This new record marks a 21.2 percent increase from the production figure registered ...
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News briefs
Vietnam footwear exports down by 6.7 percent in H1
Vietnam’s footwear exports fell by 6.7 percent to $8.1 billion in the first half of 2020, according to the ministry of industry and trade. The decline was due to a fall in exports in May and June in the wake of disruption caused by the Covid-19 pandemic. In the first ...
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ArticleEuropean footwear and apparel manufacturers call for re-shoring, tariff review
The European Footwear Confederation (CEC) is calling along with three other employers and labor representatives of the textile, clothing and leather industries, for a re-shoring of production and a review of preferential trade tariffs under the European Union’s Generalised Scheme of Preferences (GSP). The Covid-19 crisis has shown that transferring ...
