China
The world's largest trade agreement
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
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
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
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
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
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
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
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
China with declining market share
In 2019, the Asian country was the source for almost two out of every three pairs of shoes exported. However, China's market share has been declining. This is one of the main conclusions of the World Footwear 2020 Yearbook launched by APICCAPS
ACLE 2020 rescheduled to 2021
In face of the unprecedented global COVID-19 pandemic, the organisers of All China Leather Exhibition (ACLE), APLF and the China Leather Industry Association (CLIA) have decided to postpone the 2020 event for next year
VF creates new position of President Greater China
With a specific focus on advancing its stated strategy of growing its business in China, VF has created the new position of President, Greater China. VF will announce the leader appointed to this position later this summer
33% of supply chain leaders moved business out of China or plan to do it by 2023
A Gartner survey with 260 global supply chain leaders held in February and March 2020 found that 33% had moved sourcing and manufacturing activities out of China or are planning to do so in the next two to three years
China Leather Industry Association expects rapid growth
Li Yuzhong, Chairman of China Leather Industry Association (CLIA), said the daily life of the public in China has basically returned to normal and that he consumer market has become more active
adidas: business in China returns to growth
In Greater China, adidas' first major market on the road to recovery, all stores have been open since mid-April. While store traffic remained below the prior year level in May, sales returned to growth
China: Jimmy Choo returns to last year sales levels
In a statement giving an updated on the phased reopening of their global stores network, Capri Holdings, the owner of the Jimmy Choo, said sales levels of the brand are returning to normal in China-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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