Brazil
International economic context weighs on Brazilian footwear exports
Falling global growth rates and high inflation continue to affect the performance of Brazilian footwear exports, which have been declining in both volume and value in the past months
New tax exemption puts 30 000 jobs at risk in the Brazilian footwear industry
The warning comes from Abicalçados, which voiced concern over the exemption of tax payments for large international platforms for the entry of products in the range of up to 50 US dollars
Brazilian footwear exports on downward trajectory
In the first half of 2023, Brazilian footwear exports declined by 13.6% in volume and 3.8% in value year-over-year due to a global economic slowdown. Performance in the US market has suffered the most
Upcoming edition of Inspiramais to highlight the manual work in fashion
The organicity and craftsmanship of materials and supplies will be at the centre of the next edition of Inspiramais, to be held from the 11th to the 12th of July in Porto Alegre, Brazil
Brazilian footwear exports fall
In May, Brazilian footwear exports fell by 18.7% in volume and 5.6% in value, year-over-year, due to the devaluation of the dollar, the slowdown of the economy and the rise in Chinese exports
Brazil: footwear consumption to increase more than 3% in 2023
According to the forecast by the Brazilian Footwear Industries Association (Abicalçados), in 2023 the sector's growth should take place in the domestic market
CICB Sustainability Forum will be held at the Fimec Fair in 2024
The CICB Sustainability Forum will once again be held during Fimec (International Fair for Leather, Chemicals, Components, Machines and Equipment for Shoes and Tanneries), in Novo Hamburgo (Brazil)
Vulcabras posts a 54.8% increase in net profit
The Brazilian-based company of sports footwear reported “strong growth” in the first three months of the year, despite an “unstable macroeconomic scenario and a challenging retail environment”
Alpargatas posts a decline in revenue and profits
The Brazilian owner of Havaianas announced that it is looking to increase efficiency after posting a decline in revenue and profits in the first quarter of 2023. The company's CEO has resigned
Brazilian footwear exports slowdown
In March, Brazil's footwear exports declined by 11.4% in volume and by 2.6% in value, as compared to the same month of 2022, reflecting the slowdown of the global economy
Brazilian footwear production to grow between 1% and 1.7% in 2023
According to the Brazilian Footwear Industries Association (Abicalçados), this year's local footwear production is expected to grow between 1% and 1.7% over 2022, driven by the domestic market
Brazil and Argentina defend the continuity of the TEC
Both the Brazilian Footwear Industries Association (Abicalçados) and the Footwear Industry Chamber from Argentina (CIC) stressed the importance of the External Tariff of Mercosur (TEC) for the sustainability of the sector
Grendene posts fourth quarter results below expectations
The Brazilian footwear company suffered a revenue decline and an earnings loss in the last quarter of 2022, mainly due to a decline in the consumers’ disposable income caused by the difficult macro environment
Brazilian Arezzo acquires first international brand
The Brazilian footwear and accessories group has acquired a 65% share in the Milan-based shoe brand Paris Texas, suggesting it plans to continue expanding its global footprint
Upcoming edition of CICB to focus on traceability in the leather's value chain
The CICB Sustainability Forum 2023, scheduled to take place on the 8th of March, at the Fimec fair, in Novo Hamburgo, Brazil, will discuss the paths for traceability in the leather industry-
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