In 2019, the Asian country was the source for almost two out of every three pairs of shoes exported. However, China's market share has been declining. This is one of the main conclusions of the World Footwear 2020 Yearbook launched by APICCAPS   

The group's consolidated revenue was down by 46.6% in the first half of the current year. However, Ferragamo sees encouraging signs as revenue performance in July is increasing in China, Korea and Japan   

Preliminary consolidated sales in the first half of 2020 amounted to 243.6 million euros, down by 39%. The group's direct e-commerce channel recorded significant growth with more 40% compared with the end of June 2019   

Comparable store sales in the period increased by 18.6%. Given the meaningful increase in sales reported, the Board reinstated the quarterly dividend program