The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
If menswear designers send more boots and loafers — and fewer sneakers — down the runway in Milan and Paris this season, it’ll be a case of fashion following trends as much as setting them.
Formal footwear is on the ascendant among male shoe shoppers for the first time in years, according to new research from BoF Insights’ latest report, “The New Statement Shoe: Reimagining Designer Footwear.” A survey of high-net-worth individuals conducted in late 2022 in partnership with luxury research firm Altiant for the report, found that the majority of male respondents in the US and UK are more likely to buy dress shoes than casual styles in the months ahead.
Regardless of the style, 2023 provides designer footwear brands with a global growth opportunity — both male and female shoppers participating in the BoF Insights research in the US and UK as well as China expect to spend more on new designer shoes in 2023 than in 2022.
Yet brands have work to do to capture that spend as shopper preferences shift. Sneakers continue to dominate the lineup at most designer brands, accounting for more than half of the in-stock US inventory of fashion houses ranging from Balenciaga to Prada, according to research from Edited published in the BoF Insights report.
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To find out more about the designer footwear market, download BoF Insights’ report on “The New Statement Shoe: Reimagining Designer Footwear.”
BoF Insights’ archive also includes research and analysis on Gen-Z and fashion, designer bags, resale, digital fashion, fashion’s supply chain and sustainability.
BoF Insights is The Business of Fashion’s data and advisory team, partnering with leading fashion and beauty clients to help them grow their brands and businesses. Get in touch at insights@businessoffashion.com to understand how BoF Insights support your company’s growth for the long term.
Read the latest BoF Insights report to get BoF’s perspective on designer shoes, covering shifts in the competitive landscape, product innovation and what high-net-worth individuals in particular are looking for when buying designer shoes.
A new BoF Insights report tracks the evolution of the fast-growing high-end footwear market — and why luxury shoppers are willing to spend more than ever on the perfect shoe.
As incumbents like Adidas and Nike grapple with a cooling market, niche players and newcomers have an opportunity to flourish.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.
The company is in talks with potential investors after filing for insolvency in Europe and closing its US stores. Insiders say efforts to restore the brand to its 1980s heyday clashed with its owners’ desire to quickly juice sales in order to attract a buyer.
The humble trainer, once the reserve of football fans, Britpop kids and the odd skateboarder, has become as ubiquitous as battered Converse All Stars in the 00s indie sleaze years.