Shoes
Consumer spending continues to fall in the UK
In July consumer spending fell by -0.8% on an annual basis, following declines in May and June. Transport & Communication (-6.1%) and Clothing & Footwear (-5.2%) saw the most marked reductions in spend
DSW gives back to the community
The US-based footwear and accessories retailer announced a new campaign of its Shoe Lovers Care Leave Your Mark program. DSW associates nominated eight family-focused non-profit organizations for this campaign
Skechers aims to have 400 stores in India
The US-based company is planning to add 300 new stores to its distribution network in India, taking the total count to 400 outlets over the next three to five years
Friendly Fire opens first store
The Portuguese brand of footwear, focused on inspiring women to express their personality through their bold products, is now opening their first own store
Louis Vuitton with 12% organic revenue growth
The luxury goods brand has announced first half results. Growth marked the performance of the company in the first six months of the year
UNIDO to support development of textile and footwear in Armenia
According to the Armenian News Agency UNIDO will set up a program providing 2 million US dollars for the development of the textile and footwear industries in the country
Vietnam with growing exports
According to the General Department of Customs in Vietnam, in the first six months of the year, exports of footwear increased by 11% from similar period in 2016
Undandy to open own factory
The company founded in 2015 is planning to invest one million euros to set up its own factory in São João da Madeira, one of the most relevant regions for footwear manufacturing in Portugal
Nicaragua is promoting its industry abroad
A delegation from Nicaragua’s official investment promotion agency, PRONicaragua, will participate in the forthcoming edition of the Footwear Sourcing Intelligence Summit, organized by the Footwear Distributors and Retailers of America (FDRA)
Skechers with record net sales
The California-based company continues to cross milestones. Second quarter net sales totaled 1.026 billion US dollars, an increase of 16.9%. First semester net sales increased by 13.0% crossing the 2.1 billion US dollars threshold
Hermès with solid growth
The France-based luxury group announced consolidated revenue of 2.7 billion euros in the first six months of 2017, up by 11% at current exchange rates and by 10% at constant exchange rates. The group recorded solid increase in sales across all geographical areas
Retail sales up by 3.2% in the US
According to the National Retail Federation, retail sales in the US in June were essentially unchanged over May on a seasonally adjusted basis, but up by 3.2% unadjusted from June 2016
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