Consumption
Footwear production increased by 21.2% in a decade
Worldwide footwear production has increased by 21.2% since 2010 at an average yearly growth rate of 2.2%. This is one of the main conclusions of the World Footwear 2020 Yearbook recently launched by APICCAPS
Sales of shoe stores in the US down by 56%
According to data from the USA Census Bureau and the analysis of the WorldFootwear.com, growth of sales of the shoe stores in the US has been on the red since the beginning of year
Asia accounts for more than half of global consumption
Asia’s consumption accounts for more than half of the grand total. Over the last decade Asia’s demographic and economic dynamism has been responsible for a rise of 9 percentage points in its share of world consumption
2020 Yearbook: The footwear industry was already in slowdown before the COVID-19 pandemic
2019 saw a worldwide slowdown in the footwear industry. That slowdown will certainly continue throughout 2020, given the reality of COVID-19. In 2019 footwear production and exports grew by 0.6% and 0.1%, respectively. Data are taken from the World Footwear 2020 Yearbook just released by APICCAPS, the Portuguese Footwear Association
LVMH with 84% decline in net profit sees recovery in China
In the first half of the year, LVMH Moët Hennessy Louis Vuitton recorded revenue of 18.4 billion euros in the first half of 2020, down by 27%. Net profit was down by 84% in the period. However, the group already witness recovery in China
Is your store or brand ready for customers after COVID-19?
In the new normality of the post-COVID-19 the retailers' activities to promoting safety, protection and health measures for employees, customers and suppliers becomes key. Brand managers also have to think about several topics not to miss important opportunities for their businesses. Do you want to know more?
Mandatory footwear labeling is introduced in Russia
After several delays and despite the continuing complaints by market operators, Russian authorities have introduced a mandatory labelling of footwear on the domestic market. This is effective since the 1st of July and applies to domestic and imported footwear
Nike, Zara and adidas are the most valuable fashion brands
The BrandZ top 100 ranking of the world’s most valuable brands, released by WPP and Kantar, listed the Germany-based brand as number one brand in the apparel category. Nike is followed by European-based brands Zara and adidas
JCPenney to close 152 stores and cut 1 000 jobs
The US-based retailer is becoming a smaller operator as it goes through a bankruptcy restructuring. JCPenney plans to lay off about 1 000 employees as it shuts down more than 150 stores
Singapore: retail sales down by 52.1% in May
According to the Department of Statistics in Singapore, the country's retail sales fell by 52.1% in May 2020 from May 2019. This was the lowest recorded decline since 1986 when data started to be compiled
Gucci’s ax on wholesale
The luxury brand announced that the multi-brands locations in Italy authorized by Gucci will go from 110 to 38. La Conceria is reporting
Shoe Carnival: second quarter exceeds expectations
The Indiana-based retailer of footwear and accessories provided a business update following the re-opening of its stores amid the global COVID-19 pandemic
COVID-19 pandemic adds to job’s descriptions and fuels new hires
Businessinsider is quoting HR and staffing firm Adecco who confirms that retailers are hiring people to take temperatures and enforce social distancing
50% of luxury firms may be at risk
Daniel Langer, Chief Executive of Luxury, Lifestyle and Consumer Brand Strategy from firm Équité, believes half of the luxury brands around the world will fail to survive the COVID-19 crisis
Buy Less, Buy Better
While we have been encouraged to stop overconsumption for many years now, this pandemic may have created the perfect opportunity for this shift in consumer behaviour to happen. What business tips arise from here?-
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Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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World Footwear Public Calendar
Click here to subscribe an updated version of the calendar displaying the footwear trade shows.
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