Focus on Markets
Markets news from our blog
Sustainability, new initiatives and some criticism
As part of The Sustainability Pledge project, the UN Economic Commission for Europe presented this new tool to increase traceability in the fashion industry, while the US denounces the ‘EUDR Anti-Deforestation’ regulation as impracticable.
Italian leather goods: 2024 starts uphill
Exports (-11.8%) and turnover (-12% in the member survey) fell in the first quarter, while domestic demand remained flat (+1.4% the value of retail sales in January-March 2023, but still -1.3% below pre-Covid levels). Luxury slows down.
Drop in turnover in the first quarter of 2024
The Italian footwear industry ends 2023 with a substantial hold in turnover, 14.58 billion euros, (+0.6% over 2022) and in exports, but the start of 2024 registers significant downturns in all economic indicators.
The hidden cost of online returns
A Greenpeace investigation, which was also broadcast by Report last February, puts the spotlight on fashion bought and returned multiple times and the associated serious environmental damage.
Artificial Intelligence: ‘a great opportunity, in the right hands’
Today we are talking more and more about Artificial Intelligence and Machine Learning, amid great expectations and some concerns. We talk to Massimo Volpe, Co-Founder of Retail Hub and curator of the 'Innovation Village Retail' project at Expo Riva Schuh & Gardabags.
Footwear market prepares for exponential growth
A positive trend is predicted for the footwear world, mainly due to sustainable production processes and the growth of the fitness sector gaining consumer interest.
The big comeback in the presence of the Far East
Asian countries will return, more numerous than before, to populate Expo Riva Schuh & Gardabags during the June 2023 edition. The exhibition area of the fairgrounds will increase to host the many new products, including shoes and bags, presented by the exhibitors.
Timid hints of optimism for the German footwear market
Survey on the current state of the German footwear industry: data reveal good results, however, clouded by uncertainties that continue to weaken trade.
China and Hong Kong: challenges and opportunities for global fashion brands
Despite the challenging landscape, China remains one of the most interesting markets in the world for international fashion brands able to strike a balance between global and local, and between on and offline. As for the Hong Kong Special Administrative Region, it can continue to play a key role in global luxury fashion shopping as long as it focuses on product exclusivity and offering a cosmopolitan shopping experience.
The Indonesian market and CIFA
An increasingly attractive alternative for the manufacturing relocation of major global sportswear brands, Indonesia is part of CIFA and will host the next edition of the International Footwear Conference (IFC) organised by the confederation. We talk about the Indonesian market and CIFA with Eddy Widjanarko, current President of the Indonesian Footwear Association and CIFA.
Focus on Denmark and the Scandinavian market
We met Luca Cavinato - Deputy Secretary General of the Italian Chamber of Commerce in Denmark - to discuss with him this important market with its high purchasing power, as well as its traditional focus on sustainability.
Discovering the Korean market
With Ferdinando Gueli, director of the Seoul office of ITA - Italian Trade Agency, we get to know the Korean market, which is becoming increasingly important and a reference point for high-end accessories.
Increase in counterfeiting in Italy: +150% compared to 2021
From the study "The Second Life of Counterfeit Goods in Italy. Case studies from the world of art and fashion" shows how, in the first half of 2022, more than 3 million counterfeit items were intercepted in Italy, + 150% over the first 6 months of 2021. Today Italy is the fourth largest country in the world for counterfeit goods, particularly in the fashion, cosmetics and art sectors.
E-commerce in Italy, first growth driver of the economy
According to a study conducted by Netcomm, in collaboration with The European House - Ambrosetti, the value network of e-commerce in Italy is worth 71 billion euros and the sector contributed 40.6 percent to the growth of total turnover of economic activities in the period 2016-2020.
