Glossy’s Post

Great to see this recent article about Naturalizer and its amazing sizing options As well as the work with Deepica Mutyala

Wolverine Worldwide is now “a different company”, CEO says https://lnkd.in/efwFykcc Footwear group Wolverine Worldwide has reported total sales revenues for 2023 of more than $2.4 billion. This represents a fall of 16.5% compared to the figure for 2022. There were falls in revenue for each of the group’s main brands, which it divides into two groups, Active and Work. In the case of #Merrell and the Wolverine brand, the declines were double-digit. Merrell’s revenues were down by 11.6%, reaching $675.8 million. In Wolverine’s case, the brand suffered a fall of 18.7% in revenues, reaching $201.2 million. Sales revenue at running footwear brand #Saucony (see image) was down too, but by the comparatively low figure of 1.9% to reach $495.8 million. Exercise apparel brand Sweaty Betty achieved revenues of $203.8 million in 2023, down by 3.8% year on year. #footwear #footwearindustry

Sol’eart, a footwear and accessories brand born during Covid, has resonated well with consumers and is now planning to expand globally. Click on the link below to learn more about the brand... SoleArt Footwear I nital ganatra #footwear #fashion #d2c #d2cbrand #footwearretail #soleart #retailnews #retailtrends #retailsector #retailindustry #retailing #retailupdates #businessnews #retailgrowth #retailindia #retailsectornews #retailreports #retailtechcase #retailtrends #retailbusiness #ir #IndiaRetailing

This comprehensive guide is tailored to transform you into a connoisseur of footwear, ensuring you stride with confidence and elegance. #fashion #footwear #gentleman

Spring is traditionally a time for new spend, as consumers plan around seasonal holidays and warmer temperatures. In order to get a current read on consumer priorities and purchase behaviors, AlixPartners, in partnership with Footwear Distributors and Retailers of America (FDRA) surveyed over 1,000 U.S. footwear consumers aged 15 and older. Together, FDRA and our experts Bryan Eshelman, Raj Konanahalli, Ryan Poole, John Breuninger, Mitchell Collens, and Meghan Hayward have created a report that lays out 6 key themes and next steps companies in the footwear industry should take to meet the consumer where they are in 2024.

India's Footwear Sizing System is Getting an Overhaul! 👟 India's current shoe sizing system is based on a mix of European and US sizing. However, a new shoe sizing system called Bha is being proposed for India to provide a more accurate and consistent fit for the Indian population. India boasts a massive population, making it the world's largest footwear market and manufacturer, with the average person owning 1.5 pairs of shoes. However, a concerning trend is the high return rate of online footwear purchases, estimated at around 50%. This suggests a significant issue with current sizing systems. Bha, designed specifically for Indian feet, has the potential to provide a better fit and comfort for nearly 85% of the population. This would be a win-win situation for both consumers and manufacturers. Here’s a quick overview of Bha: 1. Based on foot size, not region: Bha ditches the current system that varies by region and provides a more accurate and consistent fit for everyone in India. 2. Wider and more comfortable: Bha will be designed to accommodate the wider shape of Indian feet better, improving comfort. 3. Eight sizes for all: The system will have eight sizes ranging from infants to adults, catering to everyone's needs instead of 10 as per the current system. Given Bha's significant changes from existing systems, stakeholders recommend a trial phase. Users would be provided with Bha-sized footwear for testing and feedback. This crucial step will ensure a smooth transition to the new system, expected to be implemented by 2025. #Footwear #Bha 

Spring is traditionally a time for new spend, as consumers plan around seasonal holidays and warmer temperatures. In order to get a current read on consumer priorities and purchase behaviors, AlixPartners, in partnership with Footwear Distributors and Retailers of America (FDRA) surveyed over 1,000 U.S. footwear consumers aged 15 and older. Together, FDRA and our experts Bryan Eshelman, Raj Konanahalli, Ryan Poole, John Breuninger, Mitchell Collens, and Meghan Hayward have created a report that lays out 6 key themes and next steps companies in the footwear industry should take to meet the consumer where they are in 2024.

Spring is traditionally a time for new spend, as consumers plan around seasonal holidays and warmer temperatures. In order to get a current read on consumer priorities and purchase behaviors, AlixPartners, in partnership with Footwear Distributors and Retailers of America (FDRA) surveyed over 1,000 U.S. footwear consumers aged 15 and older. Together, FDRA and our experts Bryan Eshelman, Raj Konanahalli, Ryan Poole, John Breuninger, Mitchell Collens, and Meghan Hayward have created a report that lays out 6 key themes and next steps companies in the footwear industry should take to meet the consumer where they are in 2024.

Results are in from the 2024 Footwear survey: CONSUMERS BUYING SHOES MORE FREQUENTLY; FOOTWEAR BRAND LOYALTY UNDERCUT BY INVENTORY AND PRICE FAILURES A great collaboration with FDRA. https://lnkd.in/et8xhKBG 

After working for a decade in the #footwear and accessories industry, I find the insights from #AlixPartners' Spring 2024 Footwear Survey deeply resonant. The report highlights #consumer shifts towards more frequent purchases at lower price points, challenged brand loyalty due to inventory and pricing issues. It underscores operational strategies for addressing these trends, like the pivotal role of AI in inventory optimization and rethinking packaging to cut costs and enhance sustainability efforts. This analysis offers valuable perspectives for industry stakeholders aiming to navigate the evolving consumer landscape effectively.