Economy
UK exits recession
The UK has emerged from recession. Official figures show that the economy has grown by 0.6% between January and March, the fastest rate in two years
Brazilian footwear production to grow in 2024 driven by domestic demand
Brazilian footwear production is expected to grow between 0.9% and 2.2% year-on-year in 2024, driven by a surge in domestic demand, according to the Brazilian Footwear Industries Association (Abicalçados)
The rise of the second-hand fashion market
The global second-hand fashion market is expected to reach 350 billion USD by 2028, according to ThredUP's latest resale report. Value-conscious consumers, a greater concern for the environment and a desire for uniqueness seem to be driving this “revolution”, with new generations leading the way
EU-New Zealand Free Trade Agreement has officially come into effect
The EU-New Zealand Free Trade Agreement, which took effect on the 1st of May, is expected to increase trade between the two regions by 30%, creating new opportunities for businesses and consumers
Footwear retail in 2024: signs of recovery or a bumpy ride ahead?
High inflation squeezed margins in footwear retail throughout 2023. To glimpse the industry's 2024 outlook, we analysed results from key players like manufacturers Yue Yuen and Stella Holdings and retailers Foot Locker, JD Sports, Shoe Carnival, and Genesco
World Footwear Voices: interview with Steve Lamar from AAFA
Today we bring you a conversation with Steve Lamar, President and CEO at American Apparel & Footwear Association (AAFA). Watch the new episode of the World Footwear Voices
UK Retail: challenging times may be ahead after disappointing fourth quarter in 2023
Retail sales of clothing and footwear disappointed in the last quarter of the year after a promising start on Black Friday. This is not particularly surprising given that prices in the category fell more slowly than overall prices and items remain relatively more expensive, making consumers more cautious in their choices. There are some long-term positive signs for retailers when it comes to consumer confidence, but there are likely to be some bumps in the road in the meantime
Trade associations from around the world call on countries to defend maritime safety
In response to the recent attacks in the Red Sea, more than 100 trade associations are calling on countries to join, support or align with the mission of Operation Prosperity Guardian, an initiative that stands for maritime safety
Bangladesh Central Bank lowers export incentives
Bangladesh has announced cuts to export incentives in almost all sectors as the country prepares to exit Least Developed Country status in 2026. The leather industry is one of the hardest hit
World Footwear Voices: interview with Yuly Fuentes-Medel Ph.D. from MIT
Today we bring you a conversation with Yuly Fuentes-Medel Ph.D., Project Manager for Fiber Technologies at MIT. Watch the new episode of the World Footwear Voices
Indian leather industry seeks fiscal incentives in 2024 Budget
The Council for Leather Exports (CLE) in India has called for several financial incentives for the leather industry in the forthcoming Budget 2024
European associations call for ratification of EU-Mercosur agreement
A total of 23 associations representing a range of European industries and other businesses, including CEC, have once again urged the EU to conclude and ratify the EU-Mercosur agreement
German industry association warns of new wave of insolvencies and closures
The German Trade Association for Textiles, Footwear, and Leather Goods (BTE) recalled that repayment of state aid under the pandemic approach, increasing the pressure on an already struggling sector
UK Retail: stabilisation of the footwear trade is the best we can hope for at the moment
The bad weather in July and August may not have helped retail over the summer, but it would be ill-advised to believe that’s what it’s all about. Despite some improvements in the general consumer price index, the footwear segment continues to show some resistance to going along with the trend. Inflation will have to continue to fall in order to contribute to sustained sales growth in the future, as most consumers have too much on their plate to spend on non-discretionary items. The only positive sign comes from imports, whose data seems to indicate that at least a stabilisation in retail trade is on the horizon
South Africa calls for more economic cooperation with Namibia
South African’s President Cyril Ramaphosa has urged business leaders from both countries to further develop cross-border value chains in key areas such as leather to boost their economic development-
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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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