Brazil
Brazil closes 2023 with exports in the red
The performance of Brazilian footwear on the US market dragged down annual results. Last year, exports in this category fell by 16.6% in volume and 10.8% in value, as compared to 2022
Owner of Havaianas appoints new CEO
The Brazilian Alpargatas has appointed Liel Miranda as Chief Executive Officer, effective from the 1st of February. He joins the company from Mondelez International’s Brazil business unit
Overturned veto on payroll tax exemption cheers the Brazilian footwear sector
The overturning of President Lula’s veto of the bill to extend the payroll tax exemption until 2027 in the National Congress on the 14th of December has lifted the spirits of the footwear sector
Expectations rise for the next edition of Fimec
The organisers of the “largest leather-footwear trade fair in Latin America” say that the next edition, to be held from the 12th to the 14th of March, “will be the biggest in recent years”
First edition of BFSHOW expected to generate over 65 million USD in international deals
The first edition of this footwear trade fair brought more than 150 importers in the industry from 100 countries to Brazil and is expected to generate over 65 million USD in international deals
World Footwear Voices: interview with Haroldo Ferreira from ABICALÇADOS
Today we bring you a conversation with Haroldo Ferreira, Executive President of ABICALÇADOS, the Brazilian Footwear Industry Association. This is the first episode of the new World Footwear Voices
Alpargatas reports decline in net revenue
The parent company of Havaianas reported a net revenue fall of 17.8% in the third quarter of 2023, as compared to the same period of last year, due to a significant drop in volumes sold
Brazilian footwear industry regrets presidential veto to maintain payroll tax exemption
National footwear manufacturers were surprised by President Lula da Silva's veto to maintain the payroll tax exemption policy and expect a loss of 20 000 jobs in 2024 in the industry
Owner of Melissa and Ipanema delivers weak third quarter performance
The Brazilian Grendene posted a revenue decline in the third quarter of 2023, as unfavourable domestic macroeconomic conditions and the global economic slowdown continue to impact consumer demand
Argentina surpasses the US as the main destination for Brazilian footwear
In a year when Brazilian footwear exports slowed down due to the difficult international economic context, Argentina surpassed the US as the main destination for yellow and green footwear
Rising imports worry the Brazilian footwear industry
In August, Brazilian footwear imports grew by 62% in volume and 42% in value, on a comparable basis to the same month of 2022. Asia already accounts for 85% of the total, says Abicalçados
Grendene's sales decline in the second quarter
Despite posting a weak second quarter performance in 2023, the Brazilian owner of the Melissa and Ipanema brands is pleased with its first half and confident for the remaining year
High stock levels weigh on Alpargatas' overall performance
The owner of Havaianas and Rothy's posted a revenue and profits decline in the first half of 2023 due to high inventory levels, as well as inefficiencies in its overall operation
New growth forecast for the Brazilian footwear industry
The Brazilian Footwear Industries Association (Abicalçados) has revised the footwear sector's growth in production for 2023 to 2.1%, as compared to the previous forecast of 1.7%
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-
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