Confidence
Footwear business not expected to be carbon neutral by 2050
Sustainability is becoming more of a real concern for businesses and inhabitants of this world. However, some claim this is just a fashion trend or a marketing tool. With that in mind we have asked our panel if the footwear industry will be able to be carbon neutral by 2050. Half of the respondents don’t believe that will happen
France Retail: retailers more confident than consumers amid an uncertain environment
Although footwear retail sales in France have returned to pre-pandemic levels, the beginning of 2022 is being characterized by some uncertainty. Consumers’ mood has become more volatile towards the end of 2021, reaching minus 8 points in January, and rising inflation has not spared the sector. Nonetheless, retailers are proving to be more confident than consumers, displaying some insensitivity towards risks
UK Retail: the first months of 2022 might be a cold shower for the expectations of retailers
Although the TCF sales index surpassed the 2018 baseline in November, the downwards trend of pessimism experienced among consumers since July last year is raising concerns. In fact, last month, the consumer confidence index dropped to its lowest level in 11 months. Retailers should be wary of consumers fears over surging inflation, rising fuel bills and the prospect of interest rises, while managing supply difficulties brought by the ongoing unwind of the Brexit process
Consumer confidence in the UK drops in the second half of 2021
Despite a strong rebound in the first half, consumer confidence fell for the second consecutive quarter in the last three months of 2021, thanks to the rise in living costs and to the impact of the Omicron variant
adidas strengthens its commitment to women
The German-based sportswear has launched new women-focused products, alongside enhanced support for established and emerging athletes, as well as new support programmes
Cost of merchandise and raw materials is the main concern of the footwear business
The COVID-19 pandemic created pressure on the global supply chains, which has resulted in shortages of materials and increased transport prices. The cost of merchandise and raw materials is now the main concern of the footwear industry
Price of footwear is the most important driver in the buying decision
A combination of factors will determine the consumer’s decision to choose a pair of shoes. With a view to find out what are the most relevant drivers in that process, we have asked our experts to choose the most relevant factors. Price is at the top of the list
Sneakers and sports related footwear to continue on the rise
It doesn’t come as a surprise, but the conclusions from enquiring our Panel of Experts of the World Footwear Business Conditions Survey point to a continuation of the trend around sneakers and sports related footwear. Read more about it today
Digital, digital and more digital
Digital channels are increasingly important and during the onset of the COVID-19 pandemic, many retail businesses had to quickly adjust from in-store to digital sales. More then ever, the focus seems to be on the digital
Traders and manufacturers with positive prospects about footwear sales
Since the first edition of the World Footwear Business Conditions Survey conducted in the second semester of 2019, this is the most positive result obtained: traders and manufacturers are extremely optimistic about footwear sales
Average footwear export price to grow 20% by 2025
The average export price of footwear has increased by more than 30% in the last decade. As new pressure points are felt in the footwear market, our experts believe that by 2025 the average footwear export price could be above 12 US dollars
Footwear consumption with moderate growth in 2022
We asked our panel about their expectations regarding the evolution of footwear consumption in 2022, both in their home countries and globally. Expectations are cautious, despite the growth forecast, as a moderate rise is anticipated
UK: Plan B impacts footfall negatively
The Plan B enacted by the UK's Government to fight the new wave of the COVID-19 pandemic will lead to a significant drop in footfall, especially in central London
Japan Retail: retail recovery didn't take place and confidence might be endangered if prices go up
The expected retail boost from the Olympic games never took place in Japan, and the retail index is still below the normal pace registered before the pandemic. With the lifting of the State of Emergency things are expected to improve. If retailers are still lacking confidence, consumers seem to have improved their mood. However, with a rising expecting about the growth of prices, this could negatively impact the good mood of consumers and further deteriorate the confidence of retailers
Prices of footwear to continue to increase
There is a rising expectation about the evolution of footwear prices in the coming months. Our experts anticipate prices to continue to rise, as a result of several pressure points impacting the business. Get access to the latest Business Conditions report and find out more today-
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