Footwear market: Consumers desire comfort over appearance

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Footwear Market News

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Consumers' desire for comfort is putting brands such as Crocs (CROX), Deckers (DECK), and Skechers (SKX) in the spotlight. In 2023, the global comfort...

) in the spotlight. In 2023, the global comfort footwear market reached $26.35 billion and is expected to near $50 billion by 2028.highlights the brands that stand to benefit from the rising appeal of comfortable footwear and highlights shifting trends in the workplace and among younger generations pushing comfy footwear higher.Trump Media’s Accounting Firm Has Audit Deficiency History

BEIJING -U.S. Treasury Secretary Janet Yellen warned China on Monday that Washington will not accept new industries being decimated by Chinese imports, as she wrapped up four days of meetings to press her case for Beijing to rein in excess industrial capacity. Yellen told a press conference that U.S. President Joe Biden would not allow a repeat of the "China shock" of the early 2000s, when a flood of Chinese imports destroyed about 2 million American manufacturing jobs.

Alibaba Group Holding's international online shopping platform, AliExpress, will provide fresh subsidies to entice more Chinese brands and merchants to sell overseas, as the e-commerce giant moves to fend off growing competition from PDD Holdings' Temu and fast-fashion retailer Shein.

In a step towards freer cross-border data flows and to address the concerns of foreign businesses, Shanghai inaugurated a major data flow service centre in the Lingang free-trade zone on Sunday, with pledges to adopt internationally recognised standards.

 

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