All Market Statistics articles – Page 4
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German retail association cuts 2023 online sales forecast
HDE, the German retail association, has cut its online sales forecast as persistently high inflation has dampened consumer sentiment amid a continued reluctance to spend. For 2023, HDE has slashed its forecast to €89.4 billion, a nominal increase of 5.8 percent from the 2022 level. The previous forecast was ...
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ArticleThe Russian fashion market is in turmoil, but local brands benefit
In 2022, the overall Russian fashion industry experienced a 12 to 15 percent drop in domestic sales volume, but local brands nevertheless experienced a surge in turnover ranging between 10 and 25 percent, Anna Lebsak-Kleymans, CEO of the Russian think tank Fashion Consulting Group, told the Russian edition of Forbes. ...
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Germany entered into recession in Q1
In the first quarter of 2023, German gross domestic product fell by 0.3 percent on the previous quarter on a price, seasonally and calendar adjusted basis according to the statistics office Destatis. The reading is 0.3 percentage points lower than in the preliminary estimate released on April 28. “After GDP ...
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Article
Online footwear sales in Germany continue to plummet in Q1
Online sales continued to drop in Germany in the first quarter of 2023 after a weak 2022, with the footwear sector again plummeting amid heightened uncertainty, a survey from the Federal association of e-commerce and mail order trade, BEVH, showed. E-commerce sales in Europe’s biggest economy dipped by 15.0 ...
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European consumer confidence picked up in April
Consumer confidence in Europe gained momentum in April, buoyed by cooling inflation, Dow Jones Newswires reported citing Morning Consult data. Confidence improved month-on-month in 13 of the 16 European economies tracked in data-intelligence company Morning Consult’s Index of Consumer Sentiment, ahead of 12 that improved in April. “The ...
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U.S. luxury spend continued to fall in April
Luxury spending in the U.S. continued to decline in April, with the lower end particularly hit, Citi said, citing its credit-card data. Spending on luxury goods in the country dropped by 18 percent year-over-year in April, the same pace as in March. ”Whether European local demand will follow the same ...
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Bangladesh’s footwear exports rise slightly but miss government’s targets
In the nine months from July 2022 to March 2023, Bangladesh’s exports of leather footwear fell by 0.88 percent year-over-year to $534.23 million but missed the government’s export target by 10.59 percent. Meanwhile, overall exports of leather and leather products rose by 2.56 percent over the period to $919.73 million ...
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ArticleBrazilian exports decline in volume in Q1
Brazil’s footwear manufacturers exported 38.44 million pairs of footwear in the first quarter of 2023, down by 5.7 percent year-over-year, for a total of $328.44 million, up by 2.4 percent, according to the local footwear associaton Abicalçados. In the sole month of March, exports totaled 11.67 million pairs, down by ...
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Italy entrepreneurs concerned about a recession
A majority of Italian entrepreneurs are concerned about the prospects of a recession although they expect an economic downturn will be temporary and have a less negative impact than past recessions, according to a survey carried out by the consultancy EY. In particular, 87 percent of Italian entrepreneurs interviewed are ...
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ArticleThe stocks of former IPO stars Allbirds and Dr. Martens continue their freefall in Q1
The prices of stocks monitored by Shoe Intelligence rebounded by about 5 percent overall in the first quarter of 2023 compared with the previous three months driven by some key clusters such as large U.S. footwear companies, online retailers and luxury goods groups. However, both Allbirds and Dr. Martens, previously ...
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Global custom footwear market seen up nearly 6% over coming years
The global custom shoes market was worth $703 million in 2022 and is projected to reach $1,213 million by 2032, growing by a compound annual growth rate (CAGR) of 5.8 percent, according to a research by Market.Us. In 2022, the market for custom shoes was dominated by men, which represented ...
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Indonesian footwear exports may fall 40% in 2023
Indonesia’s footwear exports are forecast to drop between by about 40 percent in 2023 to $4.64 billion from $7.74 billion in 2022, according to the Indonesian footwear association Aprisindo. Last year, export rose by 25.15 percent, after increasing by 28.76 percent in 2021 and 8.96 percent in 2020. But, ...
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ArticleSpanish footwear exports at record levels in 2022
The year 2022 marked a record for Spanish footwear exports. For the first time, exports exceeded the €3 billion mark at €3.059 billion, up by 22.0 percent over 2021. In volume, exports increased by 6.1 percent to 159 million pairs. The average price was €19.26 a pair, up by 15.0 ...
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Consumer confidence improves in Germany and Italy, weakens in France
Consumer confidence has improved in Germany and Italy, but slipped slightly in France over the past months. In April, consumer confidence in Germany is expected to improve to -29.5 from -30.6 in March, marking the sixth improvement in a row even if momentum has weakened, according to advance data released ...
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French footwear sales continue to be weak in February
In February, French footwear retail sales fell by a seasonally and working-day adjusted 0.2 percent month-on-month, according to the Bank of France. In January, sales of footwear dropped by 4.3 percent. Overall, retail sales in France fell by a seasonally and working-day adjusted 0.4 percent compared with January when they ...
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Portuguese exports up over 20%
In 2022, Portuguese footwear exports rose by 20.2 percent in value to over €2 billion and by 10.5 percent in volume to 76 million pairs, according to data released by Apiccaps, the Portuguese footwear, components and leather goods manufacturers association. About 80 percent of exports were shipped to other European ...
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ArticleGerman 2022 footwear exports up 19.4%
In 2022, German footwear exports in 2022 grew by 19.4 percent year-over-year in value to €9.6 billion, according to data released by the German footwear and leather goods trade association, HDS/L. Exports were skewed towards the second half of the year. They totalled €4.2 billion, or 175.2 million pairs of ...
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Article
Footwear ad spend in Germany totalled €185m in 2022
Footwear companies have invested more than €185 million in advertising in 2022 in Germany, with shoe manufacturers accounting for the lion’s share, a survey from market analysis firm Research Tools and data specialist AdVision digital showed. Almost one third of total expenditure was attributable to retailers, according to the ...
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Spanish footwear exports exceed €3bn in 2022
Spanish footwear exports rose 22 percent in 2022 to €3.28 billion, according to the industry ministry. In volume, exports nearly reached 160 million pairs, up by 6 percent, added the Spanish footwear association, Fice. Compared with 2019, the year before the outbreak of the Covid-19 pandemic in Europe, exports ...
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Turkish inflation slows down
In February, Turkish inflation reached 55.18 percent year-on-year compared with 57.68 percent in January, according to the statistics office Tuik. It is the fourth consecutive month that annual inflation declines. Month on month, inflation reached 3.15 percent. Clothing and footwear was the segment with the lowest inflation, falling by ...
