China
China cuts taxes on imported consumer goods to boost domestic spending
Local authorities have announced that import duties on goods such as footwear will be reduced in order to stimulate internal consumption
China’s footwear exports increase by 11.8%
Despite the positive performance of the footwear industry in other Asian countries, China continues to grow at an impressive pace
Alibaba with 45% growth in revenue
While reporting the set of results for the quarter, the China-based giant has announced changes in the management team. Today, the purchase of a stake in a US-based online retailer was made public
Yue Yuen with revenue growth
The world's leading footwear manufacturer increased total revenue by 7.3% in the first three months of the year
Li Ning posts losses for the third consecutive year
China-based sports brand posted a loss for a third year in a row as it invests in a restructuring plan, and said it has appointed the executive chairman Li Ning as its interim chief executive
Ancient Xinjiang shoes to be restored
A Chinese archeological research institute is about to start the restoring works of a pair of leather shoes with 1 400-year-old
Yue Yuen sales to reach 8 billion US dollars
The world’s largest manufacturer of sports shoes announced an increase in revenue for December 2014. This monthly performance is in line with regular increases occurred during the rest of the financial year
Museum of Shoes for Bound Feet re-opens
The musuem showcasing more than 5 000 pairs of foot-binding shoes (lotus shoes) re-opened last week in the Anren Town of Dayi County (China's Sichuan Province), after undergoing reconstruction following the fire last year
Yue Yuen’s profit sinks
The world's leading footwear manufacturer increased total revenue by 6.8% to 5 935.9 million US dollars in the first nine months of the year, but net profit for the period declined by 36.8%
China’s national footwear consumption with upward trend
According to the China Leather Industry Association (CLIA) the growth rate of sales on clothing, shoes and hats grew 10.5% in September
Nike’s ladies only format arrives to China
The US based sportwear giant opened its second women’s-only store in Shanghai. A 4 500 plus square-foot consumer store offering Nike’s products, including premium women’s running, training and sportswear styles
China believes in the growing potential of footwear imports from Portugal
Huang Songfu, the Chinese ambassador in Portugal, believes the increasing purchasing power of the Asian giant can be a key element to leverage Portuguese footwear exports
ANTA signs agreement with Eurostop
China based sports giant elected Eurostop retail management systems for its distribution network of over 12 000 stores
Footwear company Stella with rising profit
Net profit attributable to shareholders increased 4.6% during the first semester of the year as a reflection of the improvement on global economy, the company believes. Sales were up by 3.6%
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