World Footwear

China

Yue Yuen posts revenue decline

May 18, 2022 / Hong Kong
The group informed that despite global strong demand for its products, revenue was down by 4.% in the first quarter of 2022 due to COVID-19 outbreaks in Mainland China

Omicron outbreak in China raises fears of more supply chain disruptions

Mar 21, 2022 / China
Chinese authorities are imposing new COVID-19 restrictions to fight the surge of Omicron-variant infections, which is raising concerns over further disruptions to the global supply chain

China’s personal luxury market grew by 36% in 2021

Feb 4, 2022 / China
Chinese consumers spent around 471 billion yuan (74.3 billion US dollars) on personal luxury goods last year, despite challenges posed by the COVID-19 pandemic

Pou Sheng strengths partnership with Nike in China

Jan 18, 2022 / China
Yue Yuen’s retail subsidiary Pou Sheng International has boosted its cooperation with Nike to offer a more convenient and personalized omnichannel retail experience

Shortage of raw materials threatens Indonesian footwear industry

Dec 3, 2021 / Indonesia
The footwear industry fears a raw materials’ crisis due to the ongoing energy crisis in China, which is causing a delay in deliveries. The sector remains very dependent on Chinese products

Li Ning to acquire Amedeo Testoni

Nov 12, 2021 / Hong Kong
Viva China Holdings Limited, the parent group of Clarks is consolidating its position in the footwear market, this time by acquiring Italian brand Amedeo Testoni. The deal should amount to 5.6 million euros

ACLE to be rescheduled to 2022

Nov 11, 2021 / China
The organisers of All China Leather Exhibition 2021 have taken the decision to reschedule the event, due to be held at the Shanghai New International. ACLE will now be held from the 31st of August to the 2nd of September in 2022

Vietnam is now the main exporter of textile footwear

Oct 14, 2021 / World Footwear Yearbook
For the first time since the World Footwear Yearbook was launched ten years ago, China is not leading the exports of one of the main categories of footwear exports

China’s share in footwear production down by 13% in a decade

Oct 5, 2021 / World
China is the unquestionable leader in footwear production, having achieved a share in the world total of 54.3% in 2020. This translated into more than 11 billion pairs produced by China last year. However, in a decade, the share of China in global footwear production was down by 13%, corresponding to more than 8 percentage points lost and going down from a 62.4% share in 2010

Chinese group exhibition debuts at Micam

Sep 16, 2021 / China
15 Chinese brands will participate at MICAM with the organisation of the China Chamber of Commerce for Import and Export of Light Industrial Products and Arts-Crafts

China enters the top 10 of footwear importers

Premium ContentSep 14, 2021 / World Footwear Yearbook
The Asian country is the number one producer and exporter of footwear in the world and holds the position of indisputable leader. Last year, China made its debut as one of the main footwear importers. Data is taken from the World Footwear 2021 Yearbook released by APICCAPS, the Portuguese Footwear Association. The publication gives you the most complete picture of the footwear industry

Getting ready for the 2021 Global Footwear Sustainability Summit

Sep 14, 2021 / China
The new edition of the event will be held virtually from the 20th to the 22nd of October, between 8h30am and 1pm (CET - Central European Time). Workshops & Mingling sessions will also be part of the event

New appointments for JD.com and JD Retail

Sep 9, 2021 / China
The online retailer has announced Mr. Lei Xu as President of JD.com, Mr. Lijun Xin as CEO of JD Retail and Mr. Enlin Jin as CEO of JD Health International Inc.

Yue Yuen raises sales

Sep 8, 2021 / China
The China-based footwear giant has announced first semester results marked by the increase in sales of 17.7%. The group talks about the recovery from the low base registered a year ago

Alibaba with 34% revenue growth

Aug 13, 2021 / China
The Chinese-based ecommerce giant has announced results for the quarter ended on the 30th of June 2021. In the period, revenue of Alibaba totalled 205.740 billion Renminbi (31.87 billion US dollars), an increase of 34% year-over-year
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