China
Giant footwear retailer Belle fears weak China’s economic performance
The company announced its results for fiscal year ending February 2014, with revenue up 1% and net income increasing 10%, but declared it fears that China’s slow growth forecasts might affect the company’s performance
Chinese footwear exports continue with upward trend
China’s footwear exports in 2013 reached 10 577 million pairs valued at 48 145 million USD, growing 5.0% in volume and 8.5% in value from the previous year
Disputes in South China Sea impact footwear industry
Footwear factories operating in Vietnam halted production and shut their doors after anti-China protests
Workers at a footwear factory in Vietnam hospitalized after drinking water
Employees of Taiwan-invested Hong Fu Vietnam Footwear Company were hospitalized with poisoning after drinking water at work
361 Degrees International announces profit down by 70%
In 2013 Hong Kong based 361 Degrees International Limited registered turnover of 419.4 million euros, down 27.6% from 2012. Profit declined significantly, and was only one third of what was registered in 2012
Chinese giant manufacturer Yue Yuen with 7.1% decline in profit
The group announced turnover of 7 583 million USD for 2013, up 4.1% compared to 7 281 million USD in the previous period. Total net profit amounted to 434.8 million USD in 2013, down 7.1% compared to 467.9 million USD in the same period last year
Workers strike in China at one of the largest footwear manufacturers
Workers at a Chinese factory owned by Yue Yuen Industrial (Holdings) Limited, a key supplier to some of the world's footwear giants, were on strike several days in a dispute over benefits
Belle International announced 3.2% rise in profits
Belle International Holdings Ltd, Chinese top footwear retailer reported a 3.2% rise in their profit, now reaching 526.22 million euros (unaudited), in a statement announcing the interim results for the year ending 31st December 2013
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Chinese industry planning shoe city in Ethiopia
The Chinese footwear Huajian Group plans an investment of $ 2 billion to a new production area in Ethiopia. The project will transfer management skills to the locals.
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