𝐒𝐩𝐨𝐫𝐭𝐬, 𝐅𝐢𝐭𝐧𝐞𝐬𝐬 & 𝐎𝐮𝐭𝐝𝐨𝐨𝐫𝐬: 𝐀𝐭𝐡𝐥𝐞𝐭𝐢𝐜 𝐒𝐡𝐨𝐞 𝐀𝐜𝐜𝐞𝐬𝐬𝐨𝐫𝐢𝐞𝐬 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 @https://lnkd.in/dE2_miDw 𝐀𝐭𝐡𝐥𝐞𝐭𝐢𝐜 𝐟𝐨𝐨𝐭𝐰𝐞𝐚𝐫 refers to those shoes that are designed for sports and other outdoor activities. The global consumption volume indicates a trend of these being used as casual and fashion footwear by people of all age groups. The market offers a variety of footwear with options in color, design, and price to cater to the needs and purchasing abilities of individual customers. Sales expansion through online channels, innovative product launches, and attractive marketing and promotional strategies that are adopted by companies led to rise in growth of the athletic footwear market size. The market is highly competitive with players making huge investments in marketing channels and brand building. This highlights their presence and helps establish their brand value to attract an increased volume of consumers. 𝐌𝐚𝐫𝐤𝐞𝐭 𝐕𝐚𝐥𝐮𝐞 𝐨𝐟 𝐀𝐭𝐡𝐥𝐞𝐭𝐢𝐜 𝐅𝐨𝐨𝐭𝐰𝐞𝐚𝐫 The athletic footwear market was valued at $109.7 billion in 2020, and is projected to reach $165.0 billion by 2030, registering a CAGR of 4.2% from 2021 to 2030 𝐌𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: Asics Corporation, Adidas AG, Puma, VF Corporation, Nike, Inc., FILA Korea, Ltd., New Balance, Inc., SKECHERS, Inc., K-Swiss, Inc., and Wolverine World Wide, Inc. #athleticfootwear #footwear #footwearindustry #sportsindustry
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BRAND SPOTLIGHT Benjamin Massey R.A.D® brands that fulfill a specific need are often the most successful because they solve for a particular void in the market. Case in point R.A.D® the brand was created to provide those who train with best-in-class performance footwear. Performance footwear is big 💰💰 Consumers are abandoning the #footwear giants Nike and adidas because the giants are churning out suboptimal performance products - generic designs, lack of innovation and newness… The trend for over the past 24 months where consumers are opting for emerging brands that are hyper focused on specific performance sports that require footwear designed to enhance performance - brands like R.A.D® norda run will continue to take market share away from the incumbent brands because these “disrupters” provide better design and performance. Previous footwear brands that had a strong performance based consumer base - Reebok walked away from the segment. NOBULL - a brand that I had huge expectations hasn’t quite been able to get its mojo back Footwear News #footwearfriday
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Germany’s Athletic Sneakers Market Overview Germany is at the forefront of Europe’s athletic footwear landscape, boasting a market size of €5 billion in 2023, accounting for 28% of the total shoe market. This dynamic sector is fueled by diverse consumer preferences and a strong affinity for premium quality. Key Market Highlights: Brand Dominance: Adidas leads with 32% market share, followed by Puma at 18%. International brands like Nike and New Balance are also popular. Product Categories: Running shoes (35%) are the top sellers, followed by training shoes (25%), hiking/outdoor shoes (20%), and lifestyle sneakers (20%). Consumer Trends: German buyers prioritize durability, multifunctionality, and sustainability in their footwear choices. This thriving market offers significant opportunities for innovation and partnerships, especially in eco-friendly materials and tech-infused designs. 📊 Let’s discuss! What are the upcoming trends shaping Germany’s sneaker market will be new trendy in 2025 ? #GermanSneakerMarket #AthleticFootwear #SustainabilityInShoes #SneakerTrends2023 #sportshoes #sneakers #Germany #Footwear #Footwearindustry #shoes #Online #Trends #China #manufacturer #Outsole #Insole
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You’ve got a lot to consider where RFID footwear tagging goes. Do it right, and you’ll wonder how you ever got by without it… RFID tagging your footwear can: ✅ Increase inventory accuracy up to 99% ✅ Keep pairs together and even locate missing shoes ✅ Help you replenish and merchandise for better revenue ✅ Stamp out shrinkage, loss, and theft ✅ Authenticate products for resale and buy-back schemes …and that’s just a taste of what you could enjoy with the right RFID footwear solution. Our Global Product Solution Manager for RFID, Inge Fleuren, visited the blog to share why RFID for footwear needs a different approach, things to consider, and your tagging options. Visit the blog to find out more, and watch her interview for the full details. https://lnkd.in/egQJBmQi #RFID #RetailTechnology #Footwear #Tagging #Labels #Shoes
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The results of the 10th edition of the World Footwear Business Conditions Survey are now available. Despite the #macroeconomic scenario, the overall #outlook remains optimistic #worldfootweartrends #footwearindustry #businessconditionssurvey
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Do you know how big is the footwear market? The global footwear market is set to reach approximately $530 billion by 2027, growing at a CAGR of 5.5% from 2023 to 2027. Sports footwear accounts for about 30% of the global market, driven by the rise in athleisure and fitness activities. Casual footwear represents around 40% of the market, with a strong emphasis on comfort and style. Asia-Pacific dominates the market with a share of approximately 40%, fueled by growing urbanization and rising incomes in countries like China and India. North America holds a significant share of about 25%, with high demand for premium and innovative footwear. The market for sustainable footwear is projected to grow by 10% annually, reflecting increasing consumer demand for eco-conscious products. Online sales expected to account for 35% of total footwear sales by 2025, driven by the convenience of online shopping and advancements in digital marketing. Personalized footwear is growing at a rate of 8% per year, with consumers willing to spend more on bespoke and custom-designed shoes. Stay tuned for more insights into the footwear market every week! Source: https://lnkd.in/dTwVBVDv #FootwearMarket #MarketTrends #Athleisure #Sustainability #Ecommerce #Customization #FashionIndustry
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The market for #Sneakers refers to “athleisure” footwear, i.e., everyday footwear with an athletic appearance where fashion aspects outweigh functional ones. The segments Sneakers and Athletic Footwear have seen an upsurge during the past years. Key players in the market include companies such as #Nike, #Adidas, #Puma, and #Asics. According to sources, #UnitedStates dominates the market by generating the most revenue in the Sneakers segment, which is estimated to reach US$23,400.00m in 2024. The sneaker market is a dynamic ecosystem driven by innovation, collaboration, and consumer engagement and ofcourse hype 😜 The main reason is: 👟 Limited Edition Releases: Sneaker brands often release limited quantities of highly coveted styles. The scarcity of these releases creates a sense of urgency among consumers, driving up demand and creating hype around the product. 💻 To know more about businesses and strategies, just visit my website: https://lnkd.in/g-4P7EaT 💻 Subscribe to my YouTube Channel: https://lnkd.in/gRsnn3gr
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🗺️ The New Geography of Footwear Production The future of footwear manufacturing isn't about choosing between Asia and local production - it's about building resilient, flexible networks that can adapt to changing circumstances. Smart companies are developing sophisticated supply chain capabilities that blend Asian efficiency for core products with nearshore agility for fast-fashion items. Success in this new landscape requires a fundamentally different approach to production strategy. How are you reimagining your production footprint for the future? #SupplyChain #FootwearManufacturing #Footwear #BusinessStrategy #Sustainability #CircularEconomy #Narviq
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Before heading online for a little retail therapy this weekend, thought I'd share a #Trendalytics trend of the week (because who doesn't love a little data in their everyday life): SUMMER FLATS UPDATE Now that we've officially hit the warmer months, it's time for flats to really own the footwear rotation. Mesh flats are still growing at accelerated rates up +2,459% in searches to last year and remain a safe bet trend. A summer favorite, woven flats are growing in the market with product saturation +78% to last year, seen from Vince Camuto and Bared Footwear. Other must-have styles include slingback flats (+130% to LY), bow flats (+48% to LY) and silver flats (+123% to LY), too. Happy Shopping! For more insights like these, sign up for our newsletter at https://lnkd.in/gTNYJ9mZ or visit https://trendalytics.co/ #trendscience #retailtrends #consumerinsights
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For the last 10 years, the conversation around the generation differences has been popular: office behavior, productivity, spending ways, management, teamwork, involvement and much more. Now, because historic and current datasets, this analysis can move to more niched subjects like this analysis by Simon-Kucher on "Gen Z vs. Millennials & More: How Demographic Insights Drive Success in the Footwear Industry" Annual footwear spend: Gen Z: $295 (16% above average) Millennial: $346 (36% above average) Gen X: $278 (9% above average) Baby Boomers: $142 (44% below average) Silent gen: $143 (44% below average) and much more here: https://lnkd.in/dt5GWJXT #simonkucher #spending #footweartrends #footwear #genz #millenials #analysis
Could Gen Z and millennial spending alter the footwear industry? We explored the demographic insights of Simon-Kucher's new industry-leading research on the footwear market, revealing preferences and behaviors of 1,000 US consumers, to understand how different buyers shop for shoes in 2024. Check out the full article here: skp.link/6n8 #SimonKucher #Footwear #GenZ #Millennials
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𝐍𝐞𝐰 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐨𝐨𝐭𝐰𝐞𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 👟 The Global Footwear Market size was valued at approximately 𝐔𝐒𝐃 402 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 2023, with a projected #CAGR of around 4.3% during 2024-2030. 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐢𝐠𝐡𝐭:🔎 📈 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬: Personalized Customization and Growing Demand for Sustainable Footwear. 🌍 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬: Asia-Pacific set to witness the highest revenue growth, driven by changing fashion trends and high disposable income. 🌿 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲: Growing preference for sustainable & environment-friendly footwear, with big brands introducing eco-friendly collections. 🛍️ 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: Increasing popularity of online shopping and social media influencing consumer choices. 🛑 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬: Counterfeiting remains a major challenge impacting trust and market growth. 𝐒𝐭𝐚𝐲 𝐚𝐡𝐞𝐚𝐝 𝐨𝐟 𝐦𝐚𝐫𝐤𝐞𝐭 𝐭𝐫𝐞𝐧𝐝𝐬, 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐳𝐞 𝐟𝐨𝐫 𝐠𝐫𝐨𝐰𝐭𝐡, 𝐚𝐧𝐝 𝐚𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞 𝐞𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐫𝐞𝐩𝐨𝐫𝐭. 𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐬, 𝐯𝐢𝐬𝐢𝐭 [https://lnkd.in/gue6aWBU] 𝐨𝐫 𝐫𝐞𝐚𝐜𝐡 𝐨𝐮𝐭 𝐭𝐨 𝐨𝐮𝐫 𝐭𝐞𝐚𝐦 𝐭𝐨𝐝𝐚𝐲! #FootwearMarket #MarketResearch #GlobalTrends #Sustainability #ConsumerBehavior #OnlineShopping #FashionTrends #ShoeIndustry #FashionFootwear #SportsShoes #ShoeTrends #FootwearInnovation #SustainableFootwear #ShoeManufacturing #FootwearDesign #MarkntelAdvisors
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