News
Huajian group to invest in Ethiopia
According to the website of the Ethiopian Embassy Brussels, the Chinese-based group will invest 100 million US dollars in shoe manufacturing and coffee processing
Singapore: most competitive economy
Singapore has ranked as the world’s most competitive economy for the first time since 2010, according to the IMD World Competitiveness Rankings, as the United States slipped from the top spot and economic uncertainty took its toll on conditions in Europe
ABG acquires Sports Illustrated
The New-York based group acquired a media icon as part of its strategy to build a global platform converging sports, culture and entertainment
Neiman Marcus with significant loss
The Texas-headquartered department store group reported falling third quarter revenue. Net loss reached 31.2 million US dollars, a worse result than the 19.9 million US dollars net loss from the previous year
Dick's Sporting Goods consolidates sales
The Pittsburgh-based sporting goods retailer announced results for the first quarter ended on the 4th of May. Net sales for the first quarter of 2019 increased by roughly 1%
Bangladesh: leather industry below exports target
Notwithstanding the good performance of leather footwear exports, the leather industry as a whole registered a decline of 8.69% in revenue in the first 10 months of the year. The industry is below the target set for exports
Perlato, tradition meets innovation
Lovely handmade could easily be the motto of this Portuguese-based footwear company
Geox with lower sales
The Italy-based footwear brand reported first quarter results, marked by a 1.3% decline in sales at current exchange rates (-1.6% at constant rates)
Timberland to open 30 stores in Europe
The company is part of VF Corporation's portfolio and is planning a heavy investment in Europe next year. 25 to 30 new stores might be on the pipeline for the region, in a combination of franchise and own stores
VF with new Executive Vice President Global Supply Chain
The North-Carolina based group has announced the appointment of Cameron Bailey to the position of Executive Vice President, Global Supply Chain, effective from Juneonwards
Leather Naturally celebrates another milestone
After successfully raising over 1.5 million US dollars to fund a global campaign to promote leather, the Leather Naturally initiative now confirms that it has over 100 members
France to ban destruction of unsold goods
The country's Prime Minister announced draft legislation to ban the destruction of unsold or returned consumer products. The new measure would oblige brands to donate or recycle unsold goods
Stein Mart to install Amazon pick-up lockers
Amazon customers will soon be able to receive delivery of their orders at nearly 200 Stein Mart stores across 28 states. The giant ecommerce player has been focusing on some similar initiatives
Deckers: sales increase to a new record
The California-based company announced financial results for the fourth fiscal quarter and fiscal year ended on the 31st of March 2019. Despite a small decline in sales in the last quarter the company hit a new record for annual revenue
India’s leather footwear exports up by 1%
According to the Council for Leather Exports in the first 10 months of the fiscal year exports of leather footwear increased by roughly 1%. Exports of the overall leather industry are declining
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