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Footwear - ‘Alarm bells’ for Italian footwear industry
28 September 2020

Like the majority of sectors, the first half of the year was difficult for the Italian footwear manufacturing sector with production and turnover down around 40%, according to industry association Assocalzaturifici. Report by Leatherbiz.

 


Siro Badon chairman of Assocalzaturifici

 

Household spending fell by 30%, despite the boom in online sales (+42%) due to the closing of shops during the lockdown.

Shoe exports fared poorly:  they fell 22% in volume for EU markets, which account for two pairs of shoes out of every three sold abroad, and 33.4% in volume for non-EU markets, with the balance of trade down significantly (-34%) but still showing a surplus of €1.6 billion.

Siro Badon (pictured), chairman of Assocalzaturifici, said: “The health emergency has had a major impact on the performance of our production sector. Aside from the reduction in output and turnover, there was also a marked drop in domestic consumption and exports.

To read the rest of this report, click on Leatherbiz - Italian footwear

 

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