Euro-consumer part 2

9 11 2009

ist2_1547098-shoes-shopping

Euro-consumer part 2

The only social group that can probably be termed a true homogenous “Euro-consumer” is the brand conscious youth “young people”, mentioned in Euro-consumer part 1. It is through this group that global companies such as Coca-Cola, Nike and MTV have expanded and transformed into global brand leaders. These tendencies can be seen across different industries, even amongst car buyers in Europe.

Looking at young people in the footwear industry we can see a clear trend in most countries among working women to reward themselves for working hard. They buy something extra, which is more expensive than usual, which can be comfortable or quality footwear, often of a well-known brand. Younger working women with less affluence choose unique or distinctive items according to the latest trends. Younger men are more fashion and brand conscious than older men and teens between 15-19 years of age are heavily influenced by TV and magazines. They are also aware of the latest fashion trends and brands through the Internet (blogs), online sellers and retailers’ websites. With quite a lot of money to spend (in general), teens are attracted to adult footwear and international fashion styles.

If you consider that women have a 58% share of footwear consumption, younger men’s consumption patterns are becoming more like their larger counterparts and that teens imitate their two older counterparts the term “Euro-consumer” gets a whole new meaning.

If the youth can truly be called homogenous Euro-consumers then that certainly means that their consumer behaviour and needs set the horizon for consumption and sustainability. If so, how can these affluent and brand conscious trend-setters’ needs and wants be aligned with the sustainability issues we stand before today?





Best value for money part 1

2 11 2009

ist2_3160238-happy-shoe-shopping

Best value for money part 1

Footwear has increasingly become a fashion statement among women and to a certain extent for men and children. Even though the economic recession and high anti-dumping duties on cheap imports from Asia slowed footwear sales 2007/2008 significantly the tides are turning. Casual footwear, evening footwear, sports footwear and niche footwear (such as Converse) are on the rise. In Eastern EU countries formal footwear are appealing to the growing middle class, more women are working and we’re seeing rapid expansions of shopping centres. By 2010 the footwear industry is expected to grow again, being stimulated by more footwear styles in the fine and luxury footwear segments, and the continuing changes in fashion.

Did we learn from our mistakes after a “live hard – consume more” global lifestyle (by most of the developed countries)? As the mature market that we are, yes we did. Consumers increasingly look for the best value for money after the economic recession and there is growing fatigue towards the fast throwaway fashion. Crucial sustainable success factors for footwear companies will be; design quality, product quality, competitive pricing and continuous customer communication.

People are looking for meaningful experiences and consumption.