China
Announced closures by shoemakers in China
According to the China Leather Industry Association (CLIA) website Stella International is closing its facility in Dongguan city. The same source has reported that 60 other shoemakers are closing their business in the Putian city (Fujian)
Geox plans to open 350 stores in China
The Italy-based shoemaker has signed a distribution agreement with Hong Kong listed Pou Sheng International to set up more than 300 stores in Mainland China by 2020
Louis Vuitton to close stores in China
The France-based luxury house is in the process of closing three stores in China, including an outlet in the southern city of Guangzhou. Several sources anticipate this trend will continue across the country in coming months
China’s footwear exports down
According to numbers recently released by CLIA, the China Leather Industry Association, footwear exports declined by 3.5% in the first eight months of the current year
Yue Yuen revenue up by 5.7%
One of the world's leading footwear manufacturers consolidated its total revenue in the first nine months of the year
JD.com opens US office
China’s largest online direct sales company, has opened its first US facility, a new research and development center located in Silicon Valley
Brazil analyses extension of anti-dumping duty
The duty applied to footwear imported from China is currently at 13.85 US dollars. The extension of the anti-dumping duty is under investigation
Timberland plants two million trees in China
The tree-planting drive was announced as an initiative to fight desertification, improve the environment and revive the local agriculture
Chinese footwear exports gain value
According to statistics recently released by CLIA, Chinese footwear exports grew in value in the first 6 months of the year, despite a decline in volume. Chinese economy total exports slump of 8% in July triggering a nightmare on stock markets worldwide
Yue Yuen with rising sales and net income
The footwear manufacturer has announced consolidated results for the first half of 2015 marked by impressive net income growth
Yue Yuen's revenue continues to grow
One of the world's leading footwear manufacturers increased total revenue by 7.4% in the first six months of the year
Yue Yuen with 7.3% growth in turnover
China-based footwear giant reported improved first quarter financial results with both turnover and profit up compared to results in similar period last year
Belle’s profit up by 8.2%
One of China's main shoemaker and retailer Belle International Holdings Ltd registered an increase of 8.2% in its annual profit. Revenue was up by 8.7%
China cuts taxes on imported consumer goods to boost domestic spending
Local authorities have announced that import duties on goods such as footwear will be reduced in order to stimulate internal consumption-
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