Global footwear consumption will grow by 9,5% in 2024
In the weekly analytical review of World Footwear, “Study of the conditions of the global footwear business,” experts predict an increase in global footwear consumption in pairs by 2024% year-on-year for 9,5. The analytical review was compiled based on the results of a survey of industry experts from Asia, Africa, Europe, North America and South America.
The majority of respondents expect shoe consumption to grow in 2024: 24% very strongly, 25% strongly and 31% moderately. Only 6% of respondents expect a decline in shoe consumption next year. On average, experts expect consumption of paired shoes to increase by 2024% in 9,5 compared to 2023.
In 2024, footwear consumption is expected to grow in Africa (13,4%) and Asia (10,8%) respectively, compared to other regions. Economic and demographic trends are driving the growth in these parts of the world.
In Africa, the growth in shoe consumption will be driven by high birth rates. In addition, several African countries, including Mozambique (7%) and Congo (6,7%), are projected to have very high real GDP growth rates in 2023, according to IMF forecasts. Similarly, in Asia, where significant growth is expected, countries such as India (6,3%) and Bangladesh (6%) are expected to see higher real GDP growth rates in 2023, further boosting footwear demand . These economic and demographic factors combine to fuel the projected growth in footwear consumption in both Africa and Asia next year.
Europe is the least dynamic continent for footwear consumption, with growth forecast at 2024% in 1,4. Shoe consumption in the Americas will continue to grow moderately.
In the weekly analytical review of World Footwear, “Study of the conditions of the global footwear business,” experts predict an increase in footwear consumption in the world in pairs by 2024% year-on-year for 9,5.…
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Trend analysts and fashion trend forecasters have already formulated their concepts of what will be worn in the next cold season, having analyzed hundreds of looks from dozens of shows at fashion weeks in Milan, London, New York and Paris. Fashion Consulting Group trend expert Maria Shchennikova has prepared a checklist of fashionable shoes especially for SR. In the previous issue, we gave a selection of five trendy models of women's shoes for the fall-winter 2024/25 season. And in this issue, we will tell you about five trendy models of men's shoes: updated oxfords, loafers with decor, shoes with straps (very reminiscent of the women's model of Mary Jane shoes), minimalist boots, wallabee boots. The article is based on materials from the global online trend bureau FashionSnoops.com.
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EXTR4 - a new shoe brand from Italy at the EURO SHOES exhibition
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Making the right diagnosis. 10 ways to quickly identify your customers' "pains"
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Louis Vuitton opens a new factory in Italy
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Customer reviews are of great, invaluable importance when selling a product. However, many companies do not always understand this: they do not collect reviews, respond only to positive ones and do not work with negative ones. This is a big mistake and omission of the brand. In this article, together with SR digital marketing expert Tatyana Vasilyeva, we understand the intricacies and nuances of working with customer reviews and explain why it is worth paying attention to your customer reviews, and how this can increase your sales.
Shoe educational program: what shoe soles are made of
“What is the difference between TEP and EVA? What does tunit promise me? Is PVC glue? What is the sole of these shoes made of? ”- the modern buyer wants to know everything. In order not to smash his face in front of him and be able to explain whether such a sole suits him in soles, carefully read this article. In it, process engineer Igor Okorokov tells what materials the soles of shoes are made of and what makes each of them so good.
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We form the salary of sellers: expert advice
“How do you charge your consultants for personal or general sales?” Is one of the most popular questions causing a lot of controversy and gossip on the online forums of retail business owners. Indeed, how to properly form the earnings of sellers? But what about bonuses, where to get a sales plan from, do employees allow them to buy goods at discounted stores? In search of truth, the Shoes Report turned to a dozen shoe retailers, but no company wanted to disclose its motivation system - the process of its development was too complicated and individual. Then we asked four business consultants, and finally became convinced that the topic of seller motivation is very complex, because even our experts could not come to a common opinion.
Technology Selling Issues
There is nothing worse than meeting the buyer with the words “Hello, can I help you with something?”, Because the seller works in the store just to help. Criticizing this well-established pattern of communication with the buyer, Andrei Chirkarev, business coach for effective sales and the founder of the New Economy project, shares the technology of truly selling issues with readers of Shoes Report.
The whole truth about Bayer. Who is he and how to become one?
Bayer is no longer a new, but still a popular and sought-after profession. It’s fashionable to be a buyer. Buyers are at the origins of the emergence and development of trends. If the designer offers his vision of fashion in the season, then the buyer selects the most interesting commercial ideas. It is on buyers that the policy of sales of stores and what, in the end, the buyer will wear depends on. This profession is surrounded by a magical fleur, often associated with a lack of understanding of what exactly is the work of a buyer.
Fur, and not only: types of lining
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The best models of Czech shoes of the past
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Retail Arithmetic
Before you begin to solve specific problems, you need to find out how accurately all the leaders of your company understand the basic terminology of retail.
How to fire a worker without tears, scandal and trial
Sooner or later, any manager is faced with the need to part with an employee. Properly and on time the dismissal procedure will save the company money, and the boss himself - nerves and time. But why sometimes, knowing that a break in relations is inevitable, we put off the decision for months?
