All Data & Analysis articles – Page 4
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ArticleItaly loses 3 positions in global footwear ranking
Because of the outbreak of the Covid-19 pandemic, global footwear production fell by nearly 16 percent in 2020. Some countries such as Pakistan and Bangladesh managed to buck the trend but most producers suffered from the global drop in demand caused by widespread lockdowns. Italy was particularly hit and lost ...
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News briefs
New study says contactless card transactions will reach $2.5 trillion by 2021
The value of global contactless card transactions will reach $2.5 trillion in 2021, up from $1.7 trillion in 2020, and cards will continue to account for the largest share of total transaction value in 2021, at 79 percent, according to a new report from U.K.-based market research firm Juniper Research. ...
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ArticleU.S. faces a record hike in footwear prices as economy reopens
The supply disruptions caused by the Covid-19 pandemic are pushing up footwear prices in the U.S. as consumer spending picks up with the reopening of the economy. Large brands are also coming out of the pandemic stronger than their smaller rivals and are ready to engage into acquisitions, which ...
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ArticleItalian footwear production down 6.4% in Q1
Despite a 47.9 percent year-on-year surge in output in the month of March, Italian footwear production fell by 6.4 percent in the first quarter compared with the previous year as the industry continued to be affected by the impact of the Covid-19 pandemic. The decline reached 29.9 percent when compared ...
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ArticleStocks of footwear firms benefit from the re-opening of the economy in Q2
In the second quarter, stocks of footwear companies were generally higher as they benefited from the reopening of the economy, following the easing of Covid-19 restrictions, and a subsequent rebound in the consumption of clothing and shoes. Large U.S. footwear companies, which had already posted strong gains in the first ...
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News briefs
Italian footwear industry beyond “critical level”
The situation of the Italian footwear industry is beyond the “critical level” because of the impact of the Covid-19 pandemic, according to Siro Badon, the chairman of the Italian footwear association Assocalzaturifici. Last year, the production of Italian shoe makers fell by 27.1 percent in volume and by 25.2 percent ...
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ArticleStocks of U.S. footwear companies rebound sharply in Q1
The shares of the American footwear companies rebounded sharply in the first quarter of 2021 as the sector recovers from the market turbulence caused last year by the Covid-19 pandemic. American footwear companies are benefiting, like the rest of the equity market, from cheap and abundant money provided by U.S. ...
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ArticleGlobal footwear consumption seen up 2.8% in 2021
Global footwear consumption is expected to rise by 2.8 percent in volume this year as the market recovers from losses posted last year due to the Covid-19 pandemic, according to a projection established from the answers of a panel of experts for the latest Business Condition Survey of World Footwear. ...
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News briefs
Delay in Covid vaccinations may cost EU €123bn
The delay that the European Union is experiencing in its Covid-19 vaccination campaign may cost the bloc €123 billion in lost economic activity in 2021, according to credit insurance company Euler Hermes. The EU is currently seven weeks behind its vaccination program, compared with a five-week delay in February, according ...
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ArticleItalian fashion industry still expects sharp declines in H1
The Italian fashion industry still expects sharp declines in sales during the first two quarters of 2021, after falling by 26 percent in 2020 due to the Covid-19 pandemic, according to a survey released by Confindustria Moda, the umbrella association which comprises Sistema Moda Italia (SMI), which groups the textile ...
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ArticleIndustry Insights: How to find new B2B business in a digitalized market
The past spring created for most of us a feeling of pandemic panic and business paralysis. Offices were shut down and most employees were asked to work from home. From a pure productivity perspective, it gave a temporary feeling of winning back control of time. Time freed up from commuting ...
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ArticleHow Covid-19 has impacted companies’ trade show budgets
It has become commonplace to say that the Covid-19 pandemic has dramatically accelerated trends that were already underway with the digitalization of the economy and society in general. Trade shows have been one the sectors most affected by the phenomenon as restrictions on travel and mass events worldwide prompted them ...
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News briefsBrazilian footwear exports lifted by slippers
In November, Brazilian footwear exports grew by 13.8 percent year-over-year to 9.55 million pairs thanks to a 52 percent increase in slipper exports, according to Abicalçados, which represents the local footwear industry. But in revenues, exports declined by 23.8 percent to $53.4 million during the month partially due to a ...
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ArticleGlobal luxury footwear sales seen up by 14% in 2021
Worldwide sales of luxury footwear could surge by 14 percent next year after an estimated 12 percent drop this year, according to two surveys. The sector continues to find support from demand for sneakers.
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ArticleWellness, sustainability, localism, online interaction are growing trends with Covid
For months, fashion-industry entrepreneurs and retailers have been struggling with the effects of the coronavirus pandemic while at the same time trying to map out future strategies in a rapidly-evolving commercial environment. In a webinar titled “2022 Fashion Market, Shifts & Strategies”, hosted online by Expo Riva Schuh on Nov. ...
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ArticleThe casual shoe market grew by 6.0% in 2019
According to a study conducted by Shoe Intelligence in collaboration with Sporting Goods Intelligence, the branded casual footwear market grew by 6.0 percent in terms of invoiced dollars to an estimated level of $20.8 billion in 2019, in spite of strong competition from the athletic footwear brands in the disputed ...
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News briefs
Bangladesh’s leather footwear exports fall by 21.2% in 2019/2020
Bangladesh’s exports of leather footwear declined by 21.2 percent in the fiscal year ended in June 2020 to $478.75 million. While, exports of other footwear rose by 2.1 percent to $277.13 million. Total exports of Bangladesh’s leather industry declined by 21.8 percent to $797.6 million during the period. Footwear represented ...
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Article
Only a quarter of U.K. companies are ready for Brexit
Only 24 percent of U.K. business leaders believe that their businesses are fully ready for the end of the Brexit transition period, which concludes on Dec. 31, according to a survey by the Institute of Directors (IoD). According to the survey, 19 percent of respondents said that they are ...
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ArticleItalian shoe exports down by 9.2% in value in Q1
Italian shoe exports fell by 9.2 percent year-on-year in value to €2.43 billion in the first quarter of 2020, and by 14.7 percent in volume to 52.7 million pairs as the industry was affected by the Covid-19 pandemic, according to data released by the footwear association Assocalzaturifici. In March alone, ...
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OpinionAmazon and other marketplaces may be in for a reckoning over illegal sales
Why the sale of illegal products through online platforms could become a problem for Amazon and other marketplaces – and why the widespread circumvention of EU competition law may soon be over
