Legal & Institutional – Page 8
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Record Russian online sales on Black Friday
Catching up with customers in other countries, Russian customers spent a record-breaking 22.3bn rubles (€321m-$357m) during last month's Black Friday promotion, 28 percent more than in the previous year, according to the Russian Association of Internet Trade Companies, but this estimate seems to have been far below the reality. Shoes, ...
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The AAFA appeals to Trump on tariffs
While acknowledging problems in the trade relations between the U.S. and China, the American Apparel & Footwear Association (AAFA) stands opposed to the Trump administration's policy of imposing high tariffs on imports of footwear and other products from China. On Dec. 12, Rick Helfenbein, president and chief executive, addressed a ...
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Positive vibes from Brazil
Positive signals on the domestic and international fronts have been coming from the Brazilian shoe industry as it gears up for the Couromoda fair taking place in São Paulo on Jan. 13-15, which will also integrate a women's ready-to-wear section.In the first 11 months of this year, Brazilian shoe exports ...
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Italian shoe exports rise by 7%
Italian shoe exports rose by 7.1 percent in value to €5.081 billion in the first six months of 2019, while falling by 0.9 percent in terms of volume to 106.9 million pairs, according to the Italian shoe industry association, Assocalzaturifici. The average price increased by 8.2 percent to €47.55 a ...
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Spanish shoe exports drop by 2%
Without putting out a press release, the Spanish shoe industry association, Fice, has informed us that the country's total exports of footwear declined by 2 percent to €1,364.3 million in the first six months of this year.Imanol Martinez, Fice's director of marketing and international business development, blamed Brexit, the trade ...
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Micam will highlight contract manufacturing
Assocalzaturifici, the powerful Italian shoe industry association, is studying the project of a match-making process for future editions of its Micam trade show, to foster better connections between Italian contract manufacturers and potential clients from all over the world. As it was last month, the fair will also continue as ...
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British shoemakers lose their footing with Brexit
British shoemakers, like much of the country's economy, are largely unsettled by the uncertainty created by the ongoing saga of the U.K.'s planned departure from the European Union, known as Brexit.A soap opera that witnessed a new twist on Saturday, when the British parliament voted an amendment that could postpone ...
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Italian shoe output drops by 2.3%
The rate of decline is softening. Italy's shoe production fell by 2.3 percent in volume in the first half of 2019, compared with a 3.3 percent decline for the whole of 2018, when the output totaled 184.3 million pairs. The trend is expected to remain roughly the same for the ...
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Germany exports more outsourced shoes, imports less from EU
The revenues from the sales of footwear made in Germany, a large portion of which consists of safety and sports shoes, increased by 2.8 percent in the first six months of 2019 to €1.60 billion. As last year, they were essentially driven by the domestic market, where sales by manufacturers ...
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German shoe retailers recover amid online growth
German shoe retailers' sales grew by 2.5 percent in the first half of this year, recovering from the decline last year, which was due to unfavorable weather, according to the Federal Association of Shoe Retailers, BDSE.The weather played a role again in the growth, according to BDSE's president, Brigitte Wischnewski, ...
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Russia may drop preferential taxes for shoe retailers
All the shoe stores in Russia must be transferred to the common tax regime under a draft bill that has recently passed first reading in the Russian Parliament. They would not be eligible any longer to just pay a single small tax of 15 percent on their profits or to ...
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Uzbekistan targets full self-sufficiency in footwear
Uzbekistan is meeting almost 100 percent of the domestic demand for men's shoes and 70 percent of the domestic demand for women's shoes, according to recent comments by Dilobar Zufarovu, a spokesperson for the national shoe industry association. Moreover, the national government has indicated its support for new protectionist measures. ...
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Global footwear trade continues to rise
Exports and imports of footwear continued to grow for the second consecutive year in 2018, reaching an all-time record of $142 billion in terms of value, with an increase of 4.3 percent from the previous year. However, they were up by only 0.8 percent in terms of volume and still ...
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Brazil exports more footwear to the U.S.
Brazil shipped some 58.3 million pairs of shoes, worth $480.7 million, in the first half of 2019, according to the Brazilian footwear-industry association, Abicalçados. Compared with the same period of 2018, this represents an increase in volume of 5.3 percent, but a decrease in value of 1.3 percent.In June, the ...
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A new head for the Brazilian shoe industry
Haroldo Ferreira has become the new executive president of Abicalçados, Brazil's association of footwear manufacturers. The 52-year-old manager has been dealing with Abicalçados for some time as president of the Union of Footwear Companies in Brazil's state of Bahia. He was offered the post late last year by Rosnei Alfredo da ...
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Assocalzaturifici announces new board roles
Assocalzaturifici, Italy's shoe industry association, has announced new roles on its executive board, following the election of Siro Badon as chairman of the organization earlier this year, previously reported in Shoe Intelligence (Vol. 21 n°7,8 of 18/04/2019). Badon's tenure, which will run through 2023, started at the recent annual meeting ...
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The German shoe market declines in volume
According to a study conducted by the Institute for Retail Research (IFH) in Cologne together with the BBE, the German consultancy for the retail industry, the German shoe market did not increase in volume from 2017 to 2018.The volume had increased each year since 2012 by an average of 0.7 ...
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The EU reaches a trade pact with Mercosur
Twenty years after the start of negotiations, the European Union concluded on June 28 a trade agreement with Mercosur. While indicating that it may take two years for the deal to be formalized, the European Commission noted that the EU is the first major partner to strike a trade pact ...
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Détente on the international trade front
Three moves on the international trade front that have taken place in the last few days have given the shoe industry and the world economy positive signals in the direction of free trade.While the U.S. decided not to go ahead with a new set of punitive tariffs on imports from ...
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Attendance keeps steady at Expo Riva Schuh
The 92nd edition of Expo Riva Schuh, held June 15-18, attracted more than 12,000 visitors from 111 countries, largely in line with the score a year ago and with organizers' expectations. The trade show had 1,462 exhibitors, of which 266 were Italian and the rest foreign, the largest delegation being ...
