Robust sales, sped by the comeback of dressier leather styles, promise to make the category a “third pillar” for more of Europe’s big luxury labels, and a boon for savvy high-heel specialists and fashion retailers, observers said.
Based on Bain & Company’s Luxury Goods Worldwide Market Study 2022, compiled in collaboration with Fondazione Altagamma, sales of high-end shoes are forecast to grow 7.5 percent this 12 months, mainly as a consequence of stores reopening and the resumption of international travel.
Shoes and leather goods were the fastest-growing luxury categories last 12 months, with the Altagamma-Bain Monitor valuing the footwear market at 23 billion euros, up 11 percent in comparison with 2019, based on Stefania Lazzaroni, general manager of Italian luxury goods...
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