BEST FOOT FORWARD: Footwear is the Sole of the Indian Retail Industry
Shoes and Accessories|May/June 2024
As India steps towards becoming a global economic powerhouse, the footwear retail sector is poised for remarkable growth and transformation.
SURABHI KHOSLA
BEST FOOT FORWARD: Footwear is the Sole of the Indian Retail Industry

With a burgeoning middle class, increasingly discerning consumers, and a rapidly expanding e-commerce landscape, both established brands and emerging players are navigating a dynamic marketplace characterised by both challenges and opportunities...

The Indian retail landscape is a rich blend of malls, food, fashion and accessories. In fashion retail, the footwear sector stands as a testament to the country’s rich diversity and evolving fashion sensibilities. From Kashmir to Kanyakumari, Mumbai to Jaipur, every corner of India echoes with the rhythm of steps made by feet shod in a variety of footwear styles.

At the heart of India’s footwear retail industry lies a fascinating blend of cultural heritage and contemporary trends. Traditional craftsmanship, passed down through generations, finds expression in comfortable, modern soles. Heritage meets innovation in this dynamic retail segment where modern consumers embrace global footwear trends – from sleek sneakers to elegant stilettos – reflecting an evolving fashion consciousness that transcends borders.

As India steps towards becoming a global economic powerhouse, the footwear retail sector is poised for remarkable growth and transformation. With a burgeoning middle class, increasingly discerning consumers, and a rapidly expanding e-commerce landscape, both established brands and emerging players are navigating a dynamic marketplace characterised by both challenges and opportunities.

Market Overview

The India Footwear Market has witnessed remarkable growth, with a valuation of US$ 15.22 billion in 2022 and is projected to surge at a CAGR of 12.83% from 2023 to 2029, culminating in a value of nearly US$ 35.43 billion, writes Mahesh Ghavale in a report for Maximize Market Research – one of the fastest-growing market research and business consulting firms serving clients globally.

هذه القصة مأخوذة من طبعة May/June 2024 من Shoes and Accessories.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May/June 2024 من Shoes and Accessories.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من SHOES AND ACCESSORIES مشاهدة الكل
Generative AI Empowering Fashion Retail
Shoes and Accessories

Generative AI Empowering Fashion Retail

In today’s world of rapid technological change, the idea that machines might become smarter than humans has moved from science fiction to a possible reality.

time-read
9 mins  |
May/June 2024
ECCO Steps into India: AIMS TO LAUNCH 50 STORES IN 5 YEARS
Shoes and Accessories

ECCO Steps into India: AIMS TO LAUNCH 50 STORES IN 5 YEARS

From the introduction of Direct Injection Technology to the establishment of production facilities in key regions such as China and Vietnam, ECCO's commitment to innovation has remained unwavering...

time-read
10+ mins  |
May/June 2024
APLF 2024 Show Report
Shoes and Accessories

APLF 2024 Show Report

A Global Reunion of Leather, Material, and Fashion Industries: APLF 2024

time-read
5 mins  |
May/June 2024
BEST FOOT FORWARD: Footwear is the Sole of the Indian Retail Industry
Shoes and Accessories

BEST FOOT FORWARD: Footwear is the Sole of the Indian Retail Industry

As India steps towards becoming a global economic powerhouse, the footwear retail sector is poised for remarkable growth and transformation.

time-read
6 mins  |
May/June 2024
Earthly Elegance-Myaraa
Shoes and Accessories

Earthly Elegance-Myaraa

Cast-offs the foundation of a sustainable luxury brand

time-read
7 mins  |
May/June 2024
From Corporate Leadership to Entrepreneurship: Abhishek Ganguly's Journey to Co-Founding Agilitas
Shoes and Accessories

From Corporate Leadership to Entrepreneurship: Abhishek Ganguly's Journey to Co-Founding Agilitas

Founded with a vision to transform the industry, Agilitas boasts a comprehensive approach, seamlessly integrating cutting-edge manufacturing technologies, robust research and development centres, and visionary product design labs...

time-read
5 mins  |
May/June 2024
CHUPPS Slide into Recovery
Shoes and Accessories

CHUPPS Slide into Recovery

In the dynamic realm of athletic recovery, every stride holds the potential for rejuvenation. Whether you're a seasoned professional or a dedicated enthusiast, the journey to peak performance is as much about restorative care as it is about rigorous training. This is where CHUPPS emerges as a beacon of innovation, reshaping the landscape of sliders with a keen focus on sports recovery.

time-read
2 mins  |
May/June 2024
Stepping Towards Expansion: INC.5
Shoes and Accessories

Stepping Towards Expansion: INC.5

With a network spanning over 220 retail outlets nationwide, Inc.5 is rapidly emerging as the preferred choice for discerning individuals. Marking a significant milestone of 25 years in the industry, the brand has garnered a dedicated following for its premium leather footwear and accessories.

time-read
6 mins  |
May/June 2024
ON THE RADAR
Shoes and Accessories

ON THE RADAR

Here we uncover our sizzling selection of Hot Picks” a handpicked assortment of products that are turning up the heat in the market.

time-read
8 mins  |
May/June 2024
A Resounding Success for the Leather Industry in Bangkok
Shoes and Accessories

A Resounding Success for the Leather Industry in Bangkok

APLF ASEAN 2023 was a game-changer for ASEAN on the global stage, providing a magnificent platform for emerging designers and catering comprehensively to industry needs under one roof.

time-read
4 mins  |
January/February 2024