World Footwear

China

Gucci joins Alibaba's luxury e-commerce site

Dec 23, 2020 / China
One of the key brands of the Kering group's portfolio, will open two stores on Alibaba's online trading platform, in a move that underlines the importance of the Chinese market for luxury brands heavily affected by the coronavirus crisis

Live shopping: a new business model

Dec 16, 2020 / China
This format of video streaming commerce is becoming very popular, especially in China. Marketing companies want to take this digital strategy across borders, focusing on hitting the European and the US markets

How the pandemic impacted China's footwear trade

Premium ContentDec 2, 2020 / China
China, the world’s main manufacturer and exporter of footwear, was the first country to be affected by the COVID-19 pandemic. The hit on exports was first felt in the Asian country, which also started its recovery first than most others

The world's largest trade agreement

Nov 20, 2020 / World
The Regional Comprehensive Economic Partnership was signed by China, Japan, South Korea, New Zealand and Australia, plus ten Southeast Asian economies, Indonesia, Thailand, Singapore, Malaysia, the Philippines, Vietnam, Burma, Cambodia, Laos and Brunei

China’s Singles Day: Nike reaches record sales in just 60 seconds

Nov 12, 2020 / China
Within one minute of Alibaba’s Tmall opening for the first phase of China’s Singles’ Day shopping festival Nike’s turnover surpassed the 100 million renminbi (roughly 12.8 million euros or 15.1 million USD) mark

Imports of footwear with a dark picture in the first semester

Premium ContentNov 9, 2020 / Business Conditions Survey
The most recent statistics for footwear trade in 2020 show a very dark, albeit expected, picture. In the first semester of the year, footwear imports fell in almost every country

Alibaba and Richemont invest in Farfetch

Nov 6, 2020 / China
Hangzhou-based e-commerce business Alibaba and Swiss-based luxury goods conglomerate Richemont SA will invest 1.1 billion US dollars (0.93 billion euros) in online luxury fashion retailer Farfetch and its new Chinese market operations

Chic Shanghai: a post-COVID edition

Sep 26, 2020 / China
The trade fair welcomed a total number of 43 986 visitors from the 23rd to the 25th of September 2020 at the National Exhibition & Convention Center in Shanghai

Vietnam almost doubled its market share over the last decade

Premium ContentSep 22, 2020 / World Footwear Yearbook
While China's market share has been steadily declining over the last decade, Vietnam, the second largest exporter, is moving in the opposite direction. Read these and many other relevant facts on the World Footwear 2020 Yearbook

Prada reports sales in China far exceeding 2019 levels

Sep 21, 2020 / China
Sales by the Italian luxury goods group have rebounded strongly in China since the stores reopened and, to date, have recorded higher levels than last year, as reported to Reuters by Prada's Chief Executive Officer, Patrizio Bertelli

Yue Yuen with 136.7 million US dollars loss

Sep 11, 2020 / Hong Kong
The world's largest shoe manufacturer has been badly hit by the COVID-19 pandemic. Yue Yuen has posted a net loss of 136.7 million US dollars for the first half of 2020, which compares to net income of 165.9 million US dollars for similar period in 2019

China with declining market share

Premium ContentSep 1, 2020 / World Footwear Yearbook
In 2019, the Asian country was the source for almost two out of every three pairs of shoes exported. However, China's market share has been declining. This is one of the main conclusions of the World Footwear 2020 Yearbook launched by APICCAPS

ACLE 2020 rescheduled to 2021

Jul 16, 2020 / China
In face of the unprecedented global COVID-19 pandemic, the organisers of All China Leather Exhibition (ACLE), APLF and the China Leather Industry Association (CLIA) have decided to postpone the 2020 event for next year

VF creates new position of President Greater China

Jul 3, 2020 / China
With a specific focus on advancing its stated strategy of growing its business in China, VF has created the new position of President, Greater China. VF will announce the leader appointed to this position later this summer

33% of supply chain leaders moved business out of China or plan to do it by 2023

Jun 30, 2020 / United States
A Gartner survey with 260 global supply chain leaders held in February and March 2020 found that 33% had moved sourcing and manufacturing activities out of China or are planning to do so in the next two to three years
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