Focus on Markets
Markets news from our blog
The world of footwear gets ready to kick off the 87th edition of MICAM, which opens under the claim “Be inspired by Art, ye who enter”.
A “less than shining” economic picture with the Italian markets still in crisis, and foreign markets continuing to serve as a driving force.
Online shopping is an increasingly concrete reality also in Italy and increasingly involves fashion. SEMrush took stock of the current situation, with a special eye of regard to footwear. It is exactly footwear, in fact, together with watches to represent the most searched online products throughout the year. Preferably in red.
The Italian giant of online fashion, Yoox, launches the revolutionary Yooxmirror, a new feature supported by Artificial Intelligence that allows customer to virtually try on looks before purchasing them and directly match garments and accessories through a dedicated APP.
In Guangzhou, China, the ZhanXi Shoes Center represents a first-rate reality for the presentation and sales of footwear and materials for footwear, with more than 415 thousand square meters dedicated to business areas and more than 5 million products on display.
Fabric footwear is the outsider that has taken the lead in global competition: with a +320% rise in exports, a share that has doubled, and which is now estimated at 30% both in terms of global volume and value, and a +92% increase in average export price between 2007-2017, fabric footwear is the true surprise that emerged from the annual report on world footwear.
Presented during the 10th edition of the Luxury Summit by Sole 24 Ore, the ninth Confindustria report “Exporting the dolce vita” explores the potential of Beautiful and Well-Made Italian products on new markets, forecasting a growth of 40% over the next six years, with exports ranging between 15-18 billion euros. Around 10% of this figure will be accounted for by footwear.
The footwear industry once again debates among lights and shadows.
After having ended 2017 with moderately positive indicators, pointing towards a much hoped for trend reversal, the National Footwear Assembly faces the disappointing abrupt halt of 2018’s first quarter, with an eye to generational turnover in companies.
Luxury footwear will experience 7% growth in 2018: this is what emerges from the Fondazione Altagamma’s Personal Luxury Goods Study elaborated in collaboration with Bain & Company.
Platform of reference for children’s fashions and lifestyles, the 87th edition of Pitti Bimbo will feature 557 brands, of which 347 hailing from abroad, with a forecasted turnout of more than 10 thousand visitors in Florence.
Although 7 out of 10 pairs of shoes firmly remain in the EU, the main destinations for regional exports outside of the Union are Switzerland and the USA, while the role of Russia and the former Soviet bloc falls back to a position of lesser importance.
The two days of the Vietnam Footwear Summit, held on 21 and 22 March in Ho Chi Min City, was the occasion for speaking of the Vietnamese footwear manufacturing industry’s role in a global context, while imaging future developments.
Expo Riva Schuh gets ready to cross the finish line of its 90th edition, paying homage to its history and roots, while also setting its sights on present and future challenges.