Shoes
Aldo to eliminate single-use shopping bags
The Canada-based group's bagless initiative encourage customers to opt for an eco-designed shoebox. According to Aldo this will allow saving thousands of trees each year
VF raises full year outlook
The Colorado-based company reported first quarter results for the period ended on the 29th of June 2019. Management of the company is confident with the rest of the year and raised fiscal 2020 outlook
President Trump announces more tariffs
The announcement was via Twitter yesterday: the US will impose added tariffs of 10% on the remaining 300 billion US dollars in goods from China. This decision can likely include all footwear from China
New deal between Turkish-based FLO and Nine West
Turkey-based footwear company FLO acquired the licensing rights of fashion brand Nine West. The Turkish press is reporting they will now produce to the local market and take over the Nine West stores as well
Under Armour updates 2019 full year outlook
The Baltimore-based sportswear brand has announced financial results for its second quarter with a 1% rise in sales to 1.2 billion US dollars. Footwear represents roughly a quarter of total revenue
Kering: strong growth in revenue
The French-based luxury group has announced two digit growth for the first half of the year with 18.8% for year on year revenue growth
Caleres is relaunching and rebranding Zodiac Footwear
Acquired by Caleres in 2005, the new Zodiac collection has undergone a contemporary transformation, blending the past with the present. Caleres aims to keep the brand true to its bohemian and western-inspired roots
Alpargatas downsizes business in Argentina
The Brazil-based footwear manufacturer sold its operations in Argentina. The amount of the deal should amount to roughly 3.3 million euros (14 million Brazilian reais)
China's GDP growth slows to 27-years low
The economic growth of the Asian giant slowed to 6.2% in the second quarter of the fiscal year, reflecting the weakest pace in the last decades. The US-China trade war is starting to pressure economic growth, analysts say
Manolo Blahnik buys footwear manufacturer
Luxury footwear designer Manolo Blahnik bought Calzaturificio Re Marcello, founded in 1938 and located in Vigevano (province of Pavia). The company has been manufacturing shoes for Manolo Blahnik since 1990
Heitor Klein (ABICALÇADOS): EU-Mercosur brings challenges but will result in gains for all
The words are from Heitor Klein, the man who headed Abicalçados in the last 6 years. As Klein prepares to step down from the Presidency, we took the opportunity to discuss the main trends of the footwear industry and bring you the highlights of that conversation today
Sri Lanka and Pakistan to strengthen their ties
The Consul General of Sri Lanka in Pakistan and representatives of the Pakistan Footwear Manufacturers Association (PFMA) gathered to discuss further opportunities of developing the ties within the footwear sector in both countries
Skechers achieves record net sales
The US-based footwear giant announced financial results for the second quarter ended on the 30th of June 2019. Skechers announced another record on sales
Brazil: exports decrease in June
There was a decrease in footwear exports in the last month of the semester. Data prepared by the Brazilian Footwear Industries Association (Abicalçados) indicates that 6.4 million pairs were shipped in the sixth month of the year
Dubai-based property developer acquires Roberto Cavalli
Investment company Vision Investment Co. LCC, owned by Hussain Sajwani, founder of Damac Properties Group, has signed a binding agreement to obtain 100% of Roberto Cavalli S.p.A-
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