On February 1, the digital consulting firm Lectra released a report called “Decoding Luxury Footwear”, with data from the company’s platform Retviews. Highlights of the report are as follows:
Sneakers have seen a decline in market share across all markets, but they still hold a significant position in the luxury footwear segment.
Formal shoes are making a comeback, with loafers and high-heeled sandals seeing an increase in market share, and generally being priced higher than sports shoes.
Compared to markets in Europe, Japan, and the UK, luxury footwear brands in th …