All Market Statistics articles – Page 11
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Article
Consumers are buying less footwear, while re-evaluating the internet
Consumers are reducing spending on non-essential goods such as apparel and footwear because of Covid-19, but they are making more use of the internet for their purchase during the lockdown, developing new habits and creating new opportunities for the brands, based on research conducted by McKinsey & Company.
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ArticleCovid-19 takes a heavy toll on the luxury sector
The personal luxury goods sector is set to pay a heavy price in 2020 because of the coronavirus pandemic. According to the findings of a survey by Boston Consulting Group (BCG) and Bernstein, Covid-19 could wipe out almost a third of the sector’s market value, estimated to have grown to ...
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Article
Covid-19 will shake the Russian footwear market
The Russian footwear market is expected to suffer a double whammy consisting of higher prices, due to the depreciation of the ruble, and lower demand, stemming from the lockdown to combat the Covid-19 pandemic and economic hardship. The price of shoes is predicted to jump by 20 to 35 percent ...
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News briefs
France faces a significant rise in bankruptcies
A French legal information provider Infolegale, said that France faces the risk of experiencing a first “significant” wave of corporate bankruptcies from the end of April as the most fragile companies succumb to the economic impact of the Covid-19 pandemic. Based on bankruptcy rulings issued between April 1 and 3, ...
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News briefs
Global bankruptcies expected to rise by 25% this year
Global bankruptcies are expected to rise by 25 percent this year because of an economic recession triggered by the Covid-19 pandemic, according to a new forecast released by Coface. The French credit insurer’s forecast assumes a gradual economic recovery starting in the third quarter and rules out a second wave ...
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News briefs
Lyst publishes list of popular brands
Lyst, the London-based search engine for fashion items, publishes a ranking of the most popular brands and products every quarter. For the first time, Dr. Martens and Canada Goose made it into the top 20 in the fourth quarter of 2019. The ranking is based on the online search queries ...
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Article
Italy’s 2019 shoe production fell by 3.1% in volume
Italian footwear production fell by 3.1 percent to 178.6 million pairs in 2019 as the industry continued to suffer from a weak domestic market and a decline in export volumes, according to an estimate released by the Italian shoe industry association Assocalzaturifici. The value of the production rose by 1.3 ...
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Article
Lower foreign and domestic sales by German shoe companies
The growth of the German footwear industry weakened in 2019, weighed down once again by lower sales abroad, according to an annual report by the Federal Association of the German Footwear and Leathergoods Industry (HDS/L) and presented at the Gallery Shoes fair in Düsseldorf earlier this month. In 2019, ...
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Article
German shoe retailers post record growth in a difficult market
According to the German Federal Association of Shoe Retailers (BDSE), German shoe retailers recorded an increase of year-on-year 3 percent in their sales in 2019, expanding the total market to around €11.8 billion. The situation for German shoe retailers was positive last year except for a difficult winter, once ...
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Article
Weak sales of winter footwear in Russia and Ukraine
Footwear retailers in Russia and Ukraine experienced a slump in sales because of abnormally warm weather this season. Sales in all categories of winter products plummeted by between 6 and 25 percent in Ukraine as compared to the previous winter, according to Igor Zabulonsky, general director of KarKat Fashion. ...
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News briefs
The growth of the footwear market is expected to drop...
The growth of the footwear market is expected to drop to 5 percent this year from 8 percent in 2017, according to Mintel. Peaking at 12.1 percent in 2014, the market’s growth has been mainly fueled by sneakers, according to the market research company, which sees it rising further to ...
