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ACROSS

May 6, 2024

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Consumer sentiment on a good path to recovery

Consumer sentiment continued its positive trend of the previous months in May and improved further. This is according to the latest consumer barometer published by the German Trade Association (HDE).

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Germany´s Stationary Shoe Retail Market Is Growing

The subdued consumer sentiment is also evident in the footwear market, where the gap between private consumer spending and spending on shoes is widening as consumer prices rise. In 2023, total sales of shoes reached a market volume of 9.6 billion euros, which corresponds to growth of 3.8% in the previous year. These and other findings were published in the new „Branchenbericht Schuhe 2024“ (“Shoes 2024 Industry Report”) by IFH Köln in collaboration with BBE Handelsberatung.

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