China
Getting ready for the 2021 Global Footwear Sustainability Summit
The new edition of the event will be held virtually from the 20th to the 22nd of October, between 8h30am and 1pm (CET - Central European Time). Workshops & Mingling sessions will also be part of the event
New appointments for JD.com and JD Retail
The online retailer has announced Mr. Lei Xu as President of JD.com, Mr. Lijun Xin as CEO of JD Retail and Mr. Enlin Jin as CEO of JD Health International Inc.
Yue Yuen raises sales
The China-based footwear giant has announced first semester results marked by the increase in sales of 17.7%. The group talks about the recovery from the low base registered a year ago
Alibaba with 34% revenue growth
The Chinese-based ecommerce giant has announced results for the quarter ended on the 30th of June 2021. In the period, revenue of Alibaba totalled 205.740 billion Renminbi (31.87 billion US dollars), an increase of 34% year-over-year
Asia accounts for more than half of global footwear consumption
In 2020 Asia’s consumption accounted for more than half (55.8%) of the grand total worldwide. After being the major manufacturing hub for the footwear world, now Asia is also playing a key role in the consumption side. Data is taken from the World Footwear 2021 Yearbook just released by APICCAPS, the Portuguese Footwear Association
Steve Madden shifts production from China to Mexico and Brazil
Driven by recent supply chain disruptions, American footwear brand Steve Madden has relocated about half of its women’s production to Mexico and Brazil from China. According to Business of Fashion (BoF) this will impact the Fall Season collection
Anta Sports donates 7.7 million US dollars to flood-hit Henan
On the back of the recent severe rainstorm in Henan Province the group has made the donation (cash and equipment) to the Henan Charity Network to support the frontline rescue work in the affected area and help the victims resume a normal life
Solid growth for Stella
Unaudited consolidated revenue increased by approximately 58.1% to 392.1 million US dollars for the three months ended on the 30th of June 2021 and increased by 36.1% to 695.5 million US dollars for the six months ended on the same day
Yue Yuen: revenue increases by 26.6%
Revenue in the first three months of 2021 increased 26.6% to 2.49 billion, compared to the corresponding period of last year. Profit was 85.4 million US dollars, compared with a loss of 56.3 million US dollars attributable in the same period of last year
Fosun Fashion Group to acquire Italian shoemaker Sergio Rossi
The global luxury fashion group FFG based in China announced it has signed an agreement to acquire 100% of Italian luxury footwear brand Sergio Rossi from Absolute Luxury Holding S.r.l., an independently-managed investment subsidiary of Investindustrial V L.P.
Stella: shipment volume and revenue improve from low base in 2020
In a business update provided to the market, Stella confirmed the Group’s unaudited consolidated revenue increased by 15.3% to approximately 303.4 million US dollar, compared to approximately 263.2 million US dollar for the corresponding period in 2020
Two digits monthly increase for Yue Yuen' sales
The Chinese footwear giant has announced two digits increase in sales registered in the month of March 2021. The first quarter of the new fiscal year also marked by recovery
CHIC Shanghai to start on the 17th of March
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
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?
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-
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