Luxury Footwear Is Standing Tall

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Luxury Footwear Is Standing Tall
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Sales of high-end shoes are forecast to grow 7.5 percent this year, according to Bain & Co.

“The ‘comfy shoe’ trend — with designer collabs on sneakers, loafers, boots and ballet flats — continues to dominate the high-end segment, but there is also new interest in more elegant styles, heels and special-occasion shoes, including embellished high heels,” she said in an interview.

Confindustria Moda’s numbers show that the strongest recovery was registered in categories that suffered the most from the effects of lockdowns and restrictions in 2020, including classic men’s and women’s shoes, which saw sales increase around 30 percent in terms of both number of pairs and value compared to the first quarter of 2021.

He noted that some designer brands pivoted strongly towards sneakers amid the streetwear craze and the pandemic, seeing them as a “golden bullet,” and are now playing catchup to offer a range of other footwear options. “They forgot that consumers have a lifestyle.”“We were always pretty careful with the sneaker trend. We saw a lot of competitors chasing it so hard,” he explained in an interview.

“The customer is embracing color, texture and print in ways she never has before,” agreed Jennifer Jones, Bloomingdale’s senior vice president of center core, a cluster of categories encompassing fashion accessories, shoes and fine jewelry.

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