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the event, generating a possible $8 million-worth of business. According to a report published by the Arab Brazilian News Agency (ANBA), deals worth $2.08 million were closed at the fair and another $6.3 million in business is forecast to
o a “globally known brand of footwear and accessories for the fashion, surf, travel, and medical industries”.
BRAZIL
A footwear manufacturer from China, UpTop, has applied to set up a new factory in the heartland of the industry in Br
ting with 1000 pairs per day and 200 workers.
MEXICO
Mexico’s economy minister, Eduardo Sojo, has confirmed in a radio interview that a programme of economic aid the government is preparing to launch will include footwear as one of
of the money would be to construct modern business parks to house new and existing manufacturing firms.
GERMANY
German athletic footwear brand Puma has reported improved financial results for 2007 despite facing economic chall
he new organisers of the Midec footwear event in Paris have declared themselves satisfied with the latest edition of the Paris event in spite of the “special context” surrounding it. In a press statement they took a final swipe at the old orga
d Le Coq Sportif has designed a new boot for the captain of Italy’s national rugby team, Sergio Parisse. The Number 8, who was actually born in Argentina, wore the new boots—called Puncher 2 Thaiti—for the first time in Italy’s Six Natio
helangelo’s paintings there.
RUSSIA
The impressive delegation of Russian footwear buyers attending the Micam exhibition in Milan at the end of February stayed in Italy after the event. The inward investment agency for the traditional fo
ost important for high-end Italian leather shoes in recent years.
SPAIN
The organisers of the spring edition of Madrid’s leather and footwear fairs, Sipiel and Modacalzado, said that the events went well, especially given that the last day, S
ing lower numbers on Sunday as buyers from Spain wanted to be at home to vote.
PAKISTAN
Although Pakistan’s footwear exports crept 0.27% higher month-on-month in January to reach $8.915 million, up from $8.891 million in the sa
million pairs worth $ 63.4 million, down from 8.6 million pairs worth $64.9 million in same period of the previous year.
BANGLADESH
With footwear demand growing at an estimated 20% a year in Bangladesh, important retail groups
Workers in a factory in southern China who make footwear for Nike have been given a big increase in their salaries. According to reports that emerged after a press tour of the site hosted by Nike executives, the average wage in the Dong
t the site, producing 14 million pairs of Nike shoes a year.
UNITED STATES
The maker of colourful plastic shoe brand Crocs has said that it has no intention of allowing retailer Costco to sell its products. “While there have been rumours a
cts to Costco.” He added that when Crocs had found instances of resellers supplying, it had ended its relationship with those customers.
CANADA
Italy’s National Institute of Statistics has confirmed strong growth in the two-way trade bet
talian leather footwear were up by 23%. Italy’s main imports from Canada were raw materials; in total, goods worth ?1.8 billion went from Canada into the Italian market last year.
UNITED ARAB EMIRATES
The first Expo Riva Middle Ea
A), deals worth $2.08 million were closed at the fair and another $6.3 million in business is forecast to be sealed over the next 12 months.
AUSTRALIA
K-9 Concepts, Inc. has completed its acquisition of 100% of the outstanding member
ufacturer from China, UpTop, has applied to set up a new factory in the heartland of the industry in Brazil, Novo Hamburgo. The mayor of the city, Jair Foscarini, is analysing the proposal, which includes a request that the city authorities
that a programme of economic aid the government is preparing to launch will include footwear as one of the sectors to benefit. The budget for the programme will be around $50 million. The minister said half of this would go into a federal
letic footwear brand Puma has reported improved financial results for 2007 despite facing economic challenges, and says its outlook for this year remains positive. Currency-adjusted global brand sales grew more than 3% to reach
€
2.7 b
t in spite of the “special context” surrounding it. In a press statement they took a final swipe at the old organising team for picking dates that sat just outside the collection of fashion events known as ‘Paris Capitale de la Création’, which ye
ctually born in Argentina, wore the new boots—called Puncher 2 Thaiti—for the first time in Italy’s Six Nations match in Paris against France in March. They have predominantly blue uppers to match Italy’s colours, but have an amazing
ilan at the end of February stayed in Italy after the event. The inward investment agency for the traditional footwear manufacturing region of Le Marche has revealed that it invited the Russian delegation to travel south after the exhibition
and footwear fairs, Sipiel and Modacalzado, said that the events went well, especially given that the last day, Sunday, March 9, coincided with general elections in Spain. The opening day of the fairs, Friday, March 7 attracted 1,500 more v
ar exports crept 0.27% higher month-on-month in January to reach $8.915 million, up from $8.891 million in the same month last year, the overall picture for the industry looks far from positive. According to the latest figures released by t
NGLADESH
With footwear demand growing at an estimated 20% a year in Bangladesh, important retail groups are expanding across the country. Bata, which currently has 237 retail outlets in Bangladesh, has announced that it will open
g to reports that emerged after a press tour of the site hosted by Nike executives, the average wage in the Dongguan factory—run by Hong Kong-based Yue Yuen Industrial and owned by Yue Yuen’s parent company, Pou Chen Group of Tai
as said that it has no intention of allowing retailer Costco to sell its products. “While there have been rumours and speculation that we are now selling our footwear to Costco, this is untrue,” said Ron Snyder, Crocs president and chief exe
ustomers
CANADA
Italy’s National Institute of Statistics has confirmed strong growth in the two-way trade between the country and Canada with leather footwear—along with wine—leading factors in the growth east-to-west The gove
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3
VIETNAM
Vietnam’s Leather and Footwear Association has reported
that footwear exports in the first 11 months of the year reached $5.7 billion
and are expected to total $6.2 billion for the whole of 2011. The association
forecasts continued growth in 2012, but at a slower rate than in 2011.
CHINA
China’s
national statistics
authority has reported a
rise of 5.5% in
consumer prices, across
all product types, for the
first 11 months of 2011.
Specific to the price of
shoes in Chinese shops,
by the end of the year
consumers were paying
2.7% more for footwear
than they were at the
start of 2011.
ARGENTINA
A new
report on the footwear
industry in Argentina shows
that between January and
November 2011, the value
of shoe imports into the
country increased by 38.9%
compared with the first
eleven months of 2010. The
value for 2011 was $468.4
million, compared with
$337.1 million for the same
period the previous year.
Argentina has a series of
import control measures in
place to help preserve jobs
in its domestic footwear
industry. The authors of the
report, consultancy IES, say
that these measures appear
to have affected major
exporters in Asia far less
than they have producers in
neighbouring Brazil.
UNITED STATES
Brown Shoe Company has reported a slight fall (0.3%) in its
sales revenue for the third quarter compared with the same period in 2010. Across
the group, sales of footwear brought in $713.8 million for the quarter in 2011. “We
recently completed the first phase of our previously announced portfolio review and
have made determinations about some of our assets,” said Diane Sullivan,
president and chief executive officer of the company. “As a result, we will be exiting
several businesses, including all of children’s wholesale and some women’s
specialty and private brands. In addition, we have accelerated our real estate
review and now plan to close between 70 and 75 Famous Footwear stores in fiscal
2011 and 2012, for a total of approximately 145 stores.”
FIJI
The Minister of Foreign
Affairs and International
Cooperation, Ratu Inoke
Kubuabola, has said that the
country’s textile, clothing and
footwear (TCF) industry must
increase its international
competitiveness. Ratu Inoke
made the comments while
commending the Australian
government’s extension of the
South Pacific Regional Trade
and Economic Cooperation
Agreement (SPARTECA) TCF
Provisions Scheme to
December 31, 2014.
HONG KONG
Outsource
footwear manufacturer Yue Yuen
has reported full-year figures for the
business year ending in September
2011. The group increased shoe
production by 14% to reach 326.6
million pairs and revenues increased
by 21.7% to go past the $7 billion
mark. However profit was down by
6.2% to $449.8 million. Yue Yuen
said the fall in profits was mostly
because of increases in the cost of
labour and of raw materials.
PERU
The authorities
in Peru have announced
that antidumping
measures against leather
shoes imported into the
South American country
from China will continue
for another five years.
Measures affecting all
shoes with uppers made
from materials other than
textiles first came into
effect in 1997 to combat
what Peru has called
anti-competitive trading
practices on the part of
Chinese exporters.