World Footwear

China

CHIC Shanghai to start on the 17th of March

Mar 8, 2021 / China
Due to new regulations to control the infection rate the fair will take place from the 17th to the 19th of March 2021. Originally, the fair was annnounced to take place from the 10th to the 12th of March

Li Ning’s unit Viva China to acquire majority stake at Clarks

Jan 29, 2021 / United Kingdom
The Chinese gymnast-turned-businessman Li Ning is about to take control of the British shoemaker less than a month after Clarks sold a majority stake to the Hong Kong-based private equity firm LionRock Capital, of which Li is Non-Executive Chairman

How is COVID-19 impacting the footwear industry in different countries?

Premium ContentJan 26, 2021 / World
With the world fast approaching 100 million cases of infected people and with vaccination now in place in several countries, we did a round of conversations with footwear associations across the world to understand what the current situation of the footwear industry is in their countries, and to learn where and in what conditions are footwear stores open

China: the industry is operating but is lacking orders

Premium ContentJan 25, 2021 / China
We continued with our round of conversations with the international footwear associations to learn more about the current situation of the footwear industry in different regions and countries, given the impact of COVID-19. Today we talked to CLIA in China

Gucci joins Alibaba's luxury e-commerce site

Dec 23, 2020 / China
One of the key brands of the Kering group's portfolio, will open two stores on Alibaba's online trading platform, in a move that underlines the importance of the Chinese market for luxury brands heavily affected by the coronavirus crisis

Live shopping: a new business model

Dec 16, 2020 / China
This format of video streaming commerce is becoming very popular, especially in China. Marketing companies want to take this digital strategy across borders, focusing on hitting the European and the US markets

How the pandemic impacted China's footwear trade

Premium ContentDec 2, 2020 / China
China, the world’s main manufacturer and exporter of footwear, was the first country to be affected by the COVID-19 pandemic. The hit on exports was first felt in the Asian country, which also started its recovery first than most others

The world's largest trade agreement

Nov 20, 2020 / World
The Regional Comprehensive Economic Partnership was signed by China, Japan, South Korea, New Zealand and Australia, plus ten Southeast Asian economies, Indonesia, Thailand, Singapore, Malaysia, the Philippines, Vietnam, Burma, Cambodia, Laos and Brunei

China’s Singles Day: Nike reaches record sales in just 60 seconds

Nov 12, 2020 / China
Within one minute of Alibaba’s Tmall opening for the first phase of China’s Singles’ Day shopping festival Nike’s turnover surpassed the 100 million renminbi (roughly 12.8 million euros or 15.1 million USD) mark

Imports of footwear with a dark picture in the first semester

Premium ContentNov 9, 2020 / Business Conditions Survey
The most recent statistics for footwear trade in 2020 show a very dark, albeit expected, picture. In the first semester of the year, footwear imports fell in almost every country

Alibaba and Richemont invest in Farfetch

Nov 6, 2020 / China
Hangzhou-based e-commerce business Alibaba and Swiss-based luxury goods conglomerate Richemont SA will invest 1.1 billion US dollars (0.93 billion euros) in online luxury fashion retailer Farfetch and its new Chinese market operations

CHIC Shanghai: a post-COVID edition

Sep 26, 2020 / China
The trade fair welcomed a total number of 43 986 visitors from the 23rd to the 25th of September 2020 at the National Exhibition & Convention Center in Shanghai

Vietnam almost doubled its market share over the last decade

Premium ContentSep 22, 2020 / World Footwear Yearbook
While China's market share has been steadily declining over the last decade, Vietnam, the second largest exporter, is moving in the opposite direction. Read these and many other relevant facts on the World Footwear 2020 Yearbook

Prada reports sales in China far exceeding 2019 levels

Sep 21, 2020 / China
Sales by the Italian luxury goods group have rebounded strongly in China since the stores reopened and, to date, have recorded higher levels than last year, as reported to Reuters by Prada's Chief Executive Officer, Patrizio Bertelli

Yue Yuen with 136.7 million US dollars loss

Sep 11, 2020 / Hong Kong
The world's largest shoe manufacturer has been badly hit by the COVID-19 pandemic. Yue Yuen has posted a net loss of 136.7 million US dollars for the first half of 2020, which compares to net income of 165.9 million US dollars for similar period in 2019
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