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Flip Flops Market Size to Expand Based on Increasing Trend of Fashionable & Comfortable Footwear Till 2025 | Million Insights
Further, companies are focusing on sustainability factor by donating money to support an environmental cause. For example, Havaianas introduced IPE collection with an announcement that the company will donate 7% of its revenue.
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The online segment is expected to be the fastest-growing sector owing to the advent of multi retailing platforms coupled with the rise in the number of e-commerce websites. On the other hand, the offline segment held the largest market share in 2018, largely because of the rapidly growing chain of supermarkets and hypermarkets in emerging countries.
Key players operating in the market are Crocs, Adidas AG, Kappa, Tory Burch LLC, Fat Face, Deckers Brands, Nike, Inc., Clark International Ltd and Havaianas among others. These players are focusing on increasing their investment on the production of eco-friendly products to gain upper hand in the market.
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