Italian footwear industry association Assocalzaturifici has said it expects the shoe sector in Italy to have a combined 2024 turnover of €13.2 billion.
If accurate, this would represent a decline of 9.3% compared to the figure for 2023.
Assocalzaturifici based its projection on a confirmed decline of 9.2% in the first nine months of last year.
The organisation’s president, Giovanna Ceolini, said 60% of member companies had reported a decline in revenues at the end of the nine-month period. She added that one company in five had reported a decline in revenues of more than 20% year on year.
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