China
Yue Yuen announces more investment after drop in revenue
During the first half of 2018, the Yue Yuen group recorded revenue of 4 769.4 million US dollars, representing an increase of 7.2%, compared to the same period in 2017. Profit attributable to owners of the group declined by 41.9% to 150.1 million US dollars
China to lead growth of luxury goods market
CLIA, the China Leather Industry Association, is quoting a new report from specialist consultancy firm Bain & Company, which is forecasting the personal luxury goods market to grow by 6-8% in 2018
Brazilian Footwear elects seven target markets
The Brazilian Shoe Manufacturers Association (Abicalçados), the Brazilian Trade and Investment Promotion Agency (Apex-Brazil) and the members of the Brazilian Footwear program (maintained by those entities) promoted a meeting to select target markets for the next two years
Chinese footwear industry generates 123 billion US dollars
The China Leather Industry Association revealed that, last year, footwear manufacturers generated sales over 120 billion US dollars. This is an increase of 4.4% compared to 2016
Alibaba’s Singles’ Day with new record
China-based ecommerce giant Alibaba generated record 25 billion US dollars (168 billion yuan) in sales in a day, partnering with more retailers to host the 2017 Singles’ Day event
Athleisure products drive Stella’s growth
The Hong Kong based footwear giant has announced volumes increasing by 4.1% in the third quarter, with revenue down by 2.5%. The first nine months registered increases in both volume and vale much driven by the athleisure segment
ACLE closes confirming a drop in prices
The latest edition of the All China Leather Exhibition (ACLE) was held in Shanghai from the 30th August to the 1st September. According to the organization a 25% - 30% decline in leather prices was registered since APLF took place by the end of March
Cole Haan builds up presence in China
The global lifestyle and accessories brand and retailer announced a long-term retail, wholesale and e-commerce distribution agreement with a subsidiary company of Sitoy Group Holdings Limited
China loses share while worldwide production stalls
China continues to loose share in worldwide production, according to the 2017 edition of the World Footwear Yearbook, just launched by APICCAPS
Farfetch to enter the Chinese market in force
The online luxury fashion retailer Farfetch has raised close to 400 million US dollars from a deal with one of China's biggest e-commerce companies. This partnership will create a premier platform for luxury e-retail across China
Challenges & opportunities in sourcing countries
With the demographic & economic changes that are occurring, will China remain as the main sourcing country for footwear?-
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