China
Shortage of raw materials threatens Indonesian footwear industry
The footwear industry fears a raw materials’ crisis due to the ongoing energy crisis in China, which is causing a delay in deliveries. The sector remains very dependent on Chinese products
Li Ning to acquire Amedeo Testoni
Viva China Holdings Limited, the parent group of Clarks is consolidating its position in the footwear market, this time by acquiring Italian brand Amedeo Testoni. The deal should amount to 5.6 million euros
ACLE to be rescheduled to 2022
The organisers of All China Leather Exhibition 2021 have taken the decision to reschedule the event, due to be held at the Shanghai New International. ACLE will now be held from the 31st of August to the 2nd of September in 2022
Vietnam is now the main exporter of textile footwear
For the first time since the World Footwear Yearbook was launched ten years ago, China is not leading the exports of one of the main categories of footwear exports
China’s share in footwear production down by 13% in a decade
China is the unquestionable leader in footwear production, having achieved a share in the world total of 54.3% in 2020. This translated into more than 11 billion pairs produced by China last year. However, in a decade, the share of China in global footwear production was down by 13%, corresponding to more than 8 percentage points lost and going down from a 62.4% share in 2010
Chinese group exhibition debuts at Micam
15 Chinese brands will participate at MICAM with the organisation of the China Chamber of Commerce for Import and Export of Light Industrial Products and Arts-Crafts
China enters the top 10 of footwear importers
The Asian country is the number one producer and exporter of footwear in the world and holds the position of indisputable leader. Last year, China made its debut as one of the main footwear importers. Data is taken from the World Footwear 2021 Yearbook released by APICCAPS, the Portuguese Footwear Association. The publication gives you the most complete picture of the footwear industry
Getting ready for the 2021 Global Footwear Sustainability Summit
The new edition of the event will be held virtually from the 20th to the 22nd of October, between 8h30am and 1pm (CET - Central European Time). Workshops & Mingling sessions will also be part of the event
New appointments for JD.com and JD Retail
The online retailer has announced Mr. Lei Xu as President of JD.com, Mr. Lijun Xin as CEO of JD Retail and Mr. Enlin Jin as CEO of JD Health International Inc.
Yue Yuen raises sales
The China-based footwear giant has announced first semester results marked by the increase in sales of 17.7%. The group talks about the recovery from the low base registered a year ago
Alibaba with 34% revenue growth
The Chinese-based ecommerce giant has announced results for the quarter ended on the 30th of June 2021. In the period, revenue of Alibaba totalled 205.740 billion Renminbi (31.87 billion US dollars), an increase of 34% year-over-year
Asia accounts for more than half of global footwear consumption
In 2020 Asia’s consumption accounted for more than half (55.8%) of the grand total worldwide. After being the major manufacturing hub for the footwear world, now Asia is also playing a key role in the consumption side. Data is taken from the World Footwear 2021 Yearbook just released by APICCAPS, the Portuguese Footwear Association
Steve Madden shifts production from China to Mexico and Brazil
Driven by recent supply chain disruptions, American footwear brand Steve Madden has relocated about half of its women’s production to Mexico and Brazil from China. According to Business of Fashion (BoF) this will impact the Fall Season collection
Anta Sports donates 7.7 million US dollars to flood-hit Henan
On the back of the recent severe rainstorm in Henan Province the group has made the donation (cash and equipment) to the Henan Charity Network to support the frontline rescue work in the affected area and help the victims resume a normal life
Solid growth for Stella
Unaudited consolidated revenue increased by approximately 58.1% to 392.1 million US dollars for the three months ended on the 30th of June 2021 and increased by 36.1% to 695.5 million US dollars for the six months ended on the same day-
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