World Footwear

Companies

Lowa acquires Italy’s Riko Sport

Aug 6, 2019 / Germany
The Germany-based sporting goods company has acquired the Italian shoe specialist Riko Sport S.r.l., a core supplier of Lowa’s footwear

Belcinto: lifetime warranty

Aug 5, 2019 / Portugal
“If you care, we care” is Belcinto's brand motto and that translates into a guarantee that lasts a lifetime

President Trump announces more tariffs

Aug 2, 2019 / United States
The announcement was via Twitter yesterday: the US will impose added tariffs of 10% on the remaining 300 billion US dollars in goods from China. This decision can likely include all footwear from China

Global Footwear Industry: Positive Dynamics in 2018

Aug 1, 2019 / World Footwear Yearbook
The year 2018 was marked by the positive dynamics initiated in 2017, following two years of stabilization. Footwear production and exports grew by 2.7% and 4.3%, respectively. Data is from the World Footwear Yearbook 2019 now published by APICCAPS

Prada's revenue up by 2%

Aug 1, 2019 / Italy
The Milan-based luxury house present their consolidated financial results for the first semester of 2019 ended on the 30th of June. Small increase in revenue marked the period

New deal between Turkish-based FLO and Nine West

Jul 31, 2019 / Turkey
Turkey-based footwear company FLO acquired the licensing rights of fashion brand Nine West. The Turkish press is reporting they will now produce to the local market and take over the Nine West stores as well

Under Armour updates 2019 full year outlook

Jul 31, 2019 / United States
The Baltimore-based sportswear brand has announced financial results for its second quarter with a 1% rise in sales to 1.2 billion US dollars. Footwear represents roughly a quarter of total revenue

Indian exports reach 5.69 billion US dollars

Jul 30, 2019 / India
India’s export of leather and leather products for the last financial year reached 5 691.00 million US dollars, compared to 5 740.97 million US dollars in the previous year. This represents a small decline of 0.87%

Indian Leather industry looking for partnerships in Uganda

Jul 29, 2019 / Uganda
A delegation of businessmen from the manufacturing leather industry in India are participating in a trade mission to the African country. CLE is leading the initiative

Kering: strong growth in revenue

Jul 29, 2019 / France
The French-based luxury group has announced two digit growth for the first half of the year with 18.8% for year on year revenue growth

Caleres is relaunching and rebranding Zodiac Footwear

Jul 29, 2019 / United States
Acquired by Caleres in 2005, the new Zodiac collection has undergone a contemporary transformation, blending the past with the present. Caleres aims to keep the brand true to its bohemian and western-inspired roots

Sonia Rykiel faces liquidation

Jul 26, 2019 / France
After a restructuring process the company elected no winning bid and is now facing liquidation and will now work to close stores around the world

Nike considers sale of Hurley brand

Jul 26, 2019 / United States
One of the word's largest sportswear is exploring options for surf wear brand Hurley, part of its portfolio since 2002. Sale is amongst the options

Alpargatas downsizes business in Argentina

Jul 25, 2019 / Argentina
The Brazil-based footwear manufacturer sold its operations in Argentina. The amount of the deal should amount to roughly 3.3 million euros (14 million Brazilian reais)

China's GDP growth slows to 27-years low

Jul 24, 2019 / China
The economic growth of the Asian giant slowed to 6.2% in the second quarter of the fiscal year, reflecting the weakest pace in the last decades. The US-China trade war is starting to pressure economic growth, analysts say
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