News
American distributors of footwear eyeing Ethiopia
The FDRA, the Footwear Distributors and Retailers of America, visited the African country with a group of footwear distributors
India setting up sea port logistics hubs to boost exports
According to information released by the Associated Chambers of Commerce & industry of India, the local Government is establishing logistics hubs near its sea ports with private sector participation
Chelsea and Nike sign new deal
The London-based football team has announced a new long-term partnership with sportswear giant Nike. Annual sponsorship to reach 60 million British pounds
Messe Frankfurt launches first African event
In 2017, Texworld, Apparel Sourcing and Texprocess will celebrate their premières at Africa Sourcing & Fashion Week in Ethiopia
FFANY announces retailer of the year
Shopbop.com was the company chosen. The online retail company will be recognized later this month at the shoe industry’s annual breast cancer fundraiser event, the FFANY Shoes on Sale
Arcopédico develops new groundbreaking study
After more than 50 years producing anatomical footwear the Portugal-based company Ropar, owner of the Arcopédico brand, decided to get back to the laboratories
Foot Locker scholar athletes program kicks off
The Foot Locker Foundation, the charitable arm of Foot Locker, announced the launch of its 2016-2017 Foot Locker Scholar Athletes Program
China’s footwear exports down by 12% in the first semester
According to data released by CLIA, the China Leather Industry Association, total footwear sales abroad in the first six months of the year have declined to 21.8 billion US dollars from a total of 24.7 billion US dollars in similar period in 2015
Ferragamo posts declining revenue
The Italy-based group posted first semester revenue of 710 million euros, registering a decrease (both in current and constant exchange rates) compared to similar period last year
LVMH acquires stake in Rimowa
A major stake (80%) of the German premium luggage maker, known for its lightweight suitcases, was acquired by the French-based luxury house
Vietnam is the new challenge for the Mexican footwear industry
That is the belief of the Chamber of the Footwear Industry of the State of Guanajuato (CICEG), which presented a new study on the TPP impacts on the footwear industry in Mexico
NRF forecasts holiday sales to increase by 3.6%
The National Retail Federation (NFR) announced it expects sales in November and December, excluding autos, gas and restaurant sales, to increase a solid 3.6% to 655.8 billion US dollars
Steve Rendle to become new VF CEO
Current CEO Eric Wiseman to Remain Executive Chairman. The new CEO will start in his role effective from 1st January 2017
Declining leather footwear exports in India
According to the Council for Leather Exports (CLE) leather footwear exports reached 2 147.2 million US dollars in the last fiscal year (April 15 -March 16), declining by 5.75% from the previous year
A 16-hour handmade embroidered sneakers
Portugal-based Josefinas presented the new Rose Couture special edition. Each rose, created entirely by hand, takes over 16 hours to be embroidered in the sneaker, giving new life to a traditional Portuguese craft
adidas presents the first product created in its Germany-based Speedfactory
The running model Future M.F.G was introduced by the brand as a combination of high-tech work with quality craftsmanship
Strong sales reported by Nike
The Oregon-based sportswear giant reported double-digit currency-neutral revenue growth internationally in the first quarter and a 6% revenue growth in North America
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