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.
Shoe 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.
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.
Italian 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 ...
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.
Companies 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.
Belarus may face a shoe shortage
Nike, Lamoda, Sportmaster and Detsky Mir have notified the Belarusian government about a possible suspension of shoe exports to the country due to problems with a local labelling system that was introduced on Nov. 1.
Footwear sales volumes, prices expected to rise in the coming months
The volume of footwear and the prices of shoes are expected to increase over the next six months, according to a survey of experts published in the latest Business Condition Survey of World Footwear done in collaboration with Shoe Intelligence.
Global personal luxury goods sales up 29% in 2021
The global personal luxury goods industry is forecast to grow by 29 percent at current exchange rates to €283 billion this year, according to a survey released by the consultancy Bain & Company in collaboration with Fondazione Altagamma, the Italian luxury goods manufacturers’ industry foundation. Compared with 2019, the market ...
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.
Shoe 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.
Italian 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 ...
U.K. clothing sales above pre-Covid levels
In November, for the first time, sales of clothing stores in the U.K. surpassed their pre-Covid levels, according to the Office for National Statistics (ONS).