China
Dongguan focusing in high-end products
The China Leather Industry Association (CLIA) quotes Wang Shengpei, President of the Dongguan Leather and Footwear Association, to announce that Dongguan eliminated 30% of shoemakers while targeting high-end segments
Su Chaoying, President of the China Leather Industry Association, live on World Footwear
China is the world's most relevant footwear producer and exporter, and as we prepare to the World Footwear Congress in Léon we spoke to Mr Su Chaoying, President of the China Leather Industry Association (CLIA) and one of the speakers at the event
Ultrasonic CEO appears but circumstances of the disappearance remain unclear
The German based footwear group, mainly active in China, has been on the news in the last couple of weeks after its CEO disappeared and funds of the company went missing. Now the CEO re-appeared but is not clear what happened
Slower growth in China's leather industry
According to a press release issued last week by the China Leather Industry Association (CLIA) the leather industry in the country showed a slow growth in production in the first half
Shoemakers in Quanzhou with a 10% rise in business orders
According to the China Leather Industry Association (CLIA) during the first half of the year, many manufacturers in the Quanzhou area had an increase in their orders
adidas plans expansion strategy in China
Giant sport's brand adidas has partnered with international retail planning experts GMAP Marketing Consulting (Shanghai) Ltd to roll out their China expansion strategy
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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