News
Trade in fake Italian goods costs economy billions of euros
Global trade in fake Italian goods such as luxury handbags, watches, foodstuffs and car parts is taking a bite out of Italy’s economy equivalent to around 1-2% of GDP in terms of lost sales, according to a new OECD report
New carbon-based desiccant will keep footwear fresh
A team of Australian researchers has discovered a new super-efficient drying agent made up of graphene oxide to be integrated in shoe soles to control odour and moisture
Nike's recovery in the last quarter
Fourth quarter revenue increased by 13% totaling 9.8 billion US dollars, driven by strong double-digit revenue growth in international markets and Nike Direct globally and a return to growth in North America
Belarus ban on raw hides exports
With this new ruling, going forward all deals will have to be approved by the Belarusian Universal Commodity Exchange. The new ban on raw hides exports takes place in a market which has been traditionally closed
Firms support bill to limit Trump’s tariffs
Senator Bob Corker introduces bill to impose congressional review on Trump’s tariffs. More than 270 US companies approve in open letter to the US Senate
Growing retail sales in the US
May retail sales increased by 0.7% seasonally adjusted over April and 5.6% unadjusted year-over-year as a growing economy prompted consumers to continue to spend, according to the National Retail Federation
Atlanta, specialists working with the footwear industry
Based in the city of Lixa, in the north of Portugal, Atlanta, manufacturer of components for the footwear industry, works together with their clients to ensure they are actively contributing for their ultimate success
Senegal's leather output down by 1.4%
Local authorities confirmed Senegal’s leather industry is on a downturn moment. The country’s Commerce Ministry confirmed production has declined by 1.4% in the first quarter of the year
High heel sales fall as women shift to comfort
Women are shifting their demand to more comfortable sneakers, as last year’s 37% increase in US women’s leisure sneaker sales suggests. Meanwhile, high heel sales are going down
Allbirds leading the way in sustainable footwear
The San Francisco-based company realises its sneakers through sustainable sourcing, recycled materials and, now, also plants. Since 2016, it has sold 1 million pairs
Deckers appoints new CFO
The US-based company focusing on designing, marketing and distributing footwear, apparel and accessories, announced the appointment of Steve Fasching to the position of Chief Financial Officer effective from the 16th of July onwards
Manolo Blahnik new focus on men’s shoes
The Spanish fashion designer and founder of the eponymous high-end shoe brand launched his first men’s shoe collection in the 1970s. He is opening his first men’s boutique in London’s Burlington Arcade and aims to make men’s shoes 20% of the business
Argentina: industry concerned with thousands of jobs at risk
Associations representing the businessmen and workers of the textile and footwear industries are claiming the national government attention to the current crisis moment of the industries they represent
Kate Spade supporting suicide prevention and mental health
The Kate Spade New York Foundation will donate 1 million US dollars to suicide prevention and mental health awareness causes. This announcement follows the death of the company co-founder, at the beginning of the month
Industry reacts to President Trump’s tariff comments
The FDRA - Footwear Distributors and Retailers of America has issued a statement in the name of the US-footwear industry in response to President Trump’s latest tariff comments
Albania’s exports double digit growth
The country's exports enjoyed double-digit growth in the first five months of this year despite the euro's depreciation (against Albania’s national currency), which negatively impacted the country’s exports, two-thirds of which are destined for Eurozone countries
China to lead growth of luxury goods market
CLIA, the China Leather Industry Association, is quoting a new report from specialist consultancy firm Bain & Company, which is forecasting the personal luxury goods market to grow by 6-8% in 2018
FDRA responds to President Trumps claims
The Footwear Distributors and Retailers of America (FDRA) responds to President Trumps claims that Canadians are “smuggling” shoes into Canada from the US to avoid tariffs
Gucci unveils artlab for leather goods and footwear
Gucci has officially unveiled the Gucci ArtLab, a 37 000-square-meter hub for excellence and innovation. This “laboratory of creativity” is located in Scandicci, near Florence and the historical HQ of the brand in Casellina
Finish Line and JD Sports Fashion complete merger
As a result of the merger, Finish Line has become an indirect wholly-owned subsidiary of JD Sports, a leading European retailer of sports, fashion and outdoor brands, thereby creating a market-leading multi-channel, multi-branded retailer of sports fashion and footwear with expanded global scope
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