Focus on Markets
Markets news from our blog
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.
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.
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.
Survey on the current state of the German footwear industry: data reveal good results, however, clouded by uncertainties that continue to weaken trade.
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.
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.
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.
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.
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.
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.
India is, as always, one of the most represented countries at the Riva del Garda exhibition: at the January 2023 edition, with 34 CLE-led companies, to which independent companies are added. We met with Mrs. T. Ajungla Jamir, Consul General of India, who was visiting ERS.
About the crucial role of appointments such as Expo Riva Schuh & Gardabags in favor of the internationalization of Made in Italy, we spoke with Maria Maddalena Del Grosso - director of the Consumer Goods Office of ICE Agency, and Damiano Francovigh - First Consul and Director General for Country Promotion, who were present at the January opening of the Riva fair.
We interviewed Sanjay Leekha, Chairman of CLE (Council for Leather Exports) India, to get a closer look at the market situation of what represents a major player in ERS and the global scene.
We continue our in-depth journey of the Indian footwear and leather goods market with Sahil Malik, Managing Director of the Da Milano chain of stores, who was present at the last edition of Expo Riva Schuh in June.