Italian Footwear Industry Impacted by ‘Sharp Reduction in Orders’ + Luxury Slowdown in First Nine Months of 2024

The Italian footwear industry continued to see a slowdown in the first nine months of 2024, according to the latest data from Confindustria Accessori Moda Study Center for Assocalzaturifici, the national association representing Italian shoemakers. In its latest report, the organization said that the Italian footwear industry recorded a 9.2 percent decline in value of exports for the first nine months of 2024 due to a sharp decline in orders. This led to “heavy repercussions on production activity,” the report added, with production down 18.9 percent in the period and sales down 9.7 percent. “In the third quarter of 2024 there was no turnaround in the sector’s economic situation,” Giovanna Ceolini, president of Assocalzaturifici, explained in a statement on Friday. “On the contrary, more than 60 percent of companies closed [in the period] with turnover below the levels achieved in the same period of 2023, with reductions of more than 20 percent for 1 out of 5 companies. The cumulative data for the first nine months therefore confirm the difficulties that had already emerged in the first part of the year.” Ceolini also noted that ongoing conflicts in the Middle East and Ukraine continued to “severely penalize” footwear exports in 2024, and that

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