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If menswear designers ship extra boots and loafers — and fewer sneakers — down the runway in Milan and Paris this season, it’ll be a case of trend following traits as a lot as setting them.
Formal footwear is on the ascendant amongst male shoe consumers for the primary time in years, based on new analysis from BoF Insights’ newest report, “The New Assertion Shoe: Reimagining Designer Footwear.” A survey of high-net-worth people carried out in late 2022 in partnership with luxurious analysis agency Altiant for the report, discovered that almost all of male respondents within the US and UK usually tend to purchase costume footwear than informal types within the months forward.
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Whatever the type, 2023 supplies designer footwear manufacturers with a worldwide development alternative — each female and male consumers taking part within the BoF Insights analysis within the US and UK in addition to China anticipate to spend extra on new designer footwear in 2023 than in 2022.
But manufacturers have work to do to seize that spend as shopper preferences shift. Sneakers proceed to dominate the lineup at most designer manufacturers, accounting for greater than half of the in-stock US stock of trend homes starting from Balenciaga to Prada, based on analysis from Edited revealed within the BoF Insights report.
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To search out out extra in regards to the designer footwear market, obtain BoF Insights’ report on “The New Assertion Shoe: Reimagining Designer Footwear.”
BoF Insights’ archive additionally consists of analysis and evaluation on Gen-Z and trend, designer baggage, resale, digital trend, trend’s provide chain and sustainability.
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