Companies
Continued growth at 361º
The Board of the Hong Kong based footwear company has provided operational updates for its business segments referring to the third quarter of 2018
VF raises outlook
The North-Carolina company has raised its full-year fiscal 2019 outlook after a 6% revenue increase in its second-quarter results
Skechers with record sales
The US-based footwear giant reported sales of 1.176 billion US dollars for the third quarter, an increase of 7.5%, or 8.5% on a constant currency basis, another record quarter. International wholesale sales increased by 11.8%
Caleres acquires Vionic
The St. Louis-based footwear group has announced it has acquired Vionic Group for 360 million US dollars, subject to certain adjustments. The deal allows Caleres to continue to expand its brand portfolio and gives it additional access to the growing contemporary comfort footwear category
European Commission adopts FTA with Vietnam
Today the European Commission adopted the EU-Vietnam trade and investment agreements, paving the way for their signature and conclusion. The Commission is committed to putting these agreements in place as soon as possible
New increase in Cambodia's minimum wage
The Cambodian government set a new monthly minimum wage for the country's garment and footwear industries. The minimum salary for 2019 will be 182 US dollars, up by 7% from the current 170 US dollars, Labor Minister Ith Samheng announced
Marko with new investment plan for Uzbekistan
The Belarusian footwear manufacturer Marko has unveiled a major investment plan for Uzbekistan, where it is expected to manage two units with production capacity over 1 million pairs
Allen Edmonds with new brand campaign
Men’s footwear brand Allen Edmonds is launching a storytelling campaign that leverages the brand's focus on American crafted footwear
Downward trend continues for Brazilian footwear exports
According to Abicalçados, the Brazilian Shoe Manufacturers Association, in September 9.7 million pairs were sent abroad for 71.6 million US dollars, down by 14% in volume and 26% in value, representing another month of declining exports
US industry bodies planning to merge
At their joint annual meeting, the US Hide, Skin and Leather Association (USHSLA) and Leather Industries of America (LIA) have agreed to seek a merger
Sales impacted by currencies fluctuations at Tod's
In the first half of 2018, consolidated sales were 491.9 million euros, up by 1.8% from the first semester in 2017, at constant exchange rates. Revenue has been hugely affected by currencies fluctuations
New CFO at JCPenney
The US-based department store chain has announced Jill Soltau as new Chief Executive Officer-
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