All Trade & Sourcing articles – Page 10
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News briefs
Smuggling from Kazakhstan is affecting the Russia footwear industry
Counterfeit footwear smuggled from Kazakhstan is inflicting a lot of pain on the Russian footwear industry, according to Vladimir Denisenko, head of Russia’s major footwear manufacturer Unichel. Law enforcement agencies are trying to stem contraband, but as Russia and Kazakhstan are both members of the Eurasia Economic Union and share ...
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News briefsBoohoo reportedly asks suppliers for discounts in bid to cut costs
The British fast fashion retailer Boohoo has reportedly asked suppliers for discount on orders as it looks to manage costs. The Times newspaper reported that all suppliers received a call on Thursday requesting a 10 percent discount on all delivered and undelivered clothing orders. “This is major self-harm. They are ...
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ArticleBrazilian exports decline in volume in Q1
Brazil’s footwear manufacturers exported 38.44 million pairs of footwear in the first quarter of 2023, down by 5.7 percent year-over-year, for a total of $328.44 million, up by 2.4 percent, according to the local footwear associaton Abicalçados. In the sole month of March, exports totaled 11.67 million pairs, down by ...
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ArticleBirkenstock’s factory in Pasewalk nears completion; new CFO appointed
Birkenstock’s new shoe factory in Pasewalk, Germany, is nearing completion, with production at the site set to start the third quarter of 2023. Seven months after laying the foundation stone for its €120-million plant last August, the footwear giant has held a topping-out ceremony with 250 guests. The construction ...
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News briefs
Indonesian footwear exports may fall 40% in 2023
Indonesia’s footwear exports are forecast to drop between by about 40 percent in 2023 to $4.64 billion from $7.74 billion in 2022, according to the Indonesian footwear association Aprisindo. Last year, export rose by 25.15 percent, after increasing by 28.76 percent in 2021 and 8.96 percent in 2020. But, ...
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News briefs
U.K. completes talks to join CPTPP
The British government said that it has “substantially” concluded negotiations on the U.K.’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free trade agreement including 11 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The U.K. applied to join CPTPP ...
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ArticleStella expects a decline in sales volumes in 2023
Stella International anticipates sales volumes to decline in 2023, especially in the first half of the year, driven by a decrease in orders for sports shoes. The drop is expected to be partially offset by additional customers in the luxury and the fashion categories. The Hong-Kong based footwear manufacturer and ...
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ArticleJEMS by Pensole shoe factory inaugurated
On March 20, Designer Brands, the parent of the shoe retailer DSW Designer Shoe Warehouse, inaugurated, along with Pensole Lewis College of Business & Design (PLC), JEMS by Pensole, one of the first Black-owned footwear factories in the United States. The facility is located in Somersworth, New Hampshire. JEMS stands ...
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News briefs
Alvin Sukali to leave Myanmar for Cambodia
The Chinese footwear firm Alvin Sukali will relocate from Myanmar to Cambodia in June creating over 1,000 jobs, the Khmer Times reported citing Cambodia’s ministry of labour and vocational training. The factory, which will be located in Samraong Tong in Kampong Speu province, is expected to produce over 70,000 pairs ...
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News briefs
Iranian brands to make a debut on the Russian footwear market
An estimated 15 to 20 Iranian fashion brands could emerge on the Russian market this year, the Russian newspaper Izvestia reported, citing the outcome of recent negotiations between Iranian and Russian authorities. The Russian union of shopping centers also unveiled that the first agreement with an Iranian company had already ...
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ArticleHow a group of Polish shoemakers is seeking to relaunch their industry
Created in 2019, Polska Grupa Producentów Obuwia (PGPO) is a proactive grouping of more than 50 Polish shoemakers largely based in the southern province of Malopolskie, the country’s main footwear cluster, aiming to promote their industry which has been badly hit by Russia’s invasion of Ukraine on Feb. 24, 2022. ...
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ArticleAbout 400 Turkish footwear factories were destroyed in February’s earthquakes
Some 400 footwear factories were destroyed in the cluster of Antakya during the two earthquakes, with respective magnitudes of 7.8 and 7.7, that hit southern Turkey and northwestern Syria on Feb. 6. 2023, according to Berke Içten, the chairman of the association of Turkish footwear manufacturers, TASD. The plants represent ...
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ArticlePouyuen Vietnam to axe 6,000 jobs
Pouyuen Vietnam, one of Vietnam’s largest shoemakers, will cut 6,000 jobs due to a decline in orders, the news agency AFP reported citing a document of the labor department of Ho Chi Minh City’s local government. Pouyuen Vietnam, which is owned by the Taiwanese group Pou Chen, produces for Nike ...
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News briefs
Brazilian footwear production seen up 1.6% this year
Brazilian footwear production is expected to grow by 1.6 percent this year to more than 860 million pairs, according to Abicalçados, the Brazilan footwear association. In January, Brazilian footwear manufacturers exported 14.63 million pairs, up by 4.5 percent year-on-year, generating $117.9 million in revenues, up by 16.6 percent. Abicalçados noted ...
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ArticleHow a new collection has prompted Safety Jogger to review its supply chain
Safety Jogger, the leading brand of the Belgian footwear and apparel company Cortina, launched in November 2022 a workwear collection as part of its brand extension policy and the initiative has led the company to reconsider its sourcing policy and reduce its reliance on China. At Expoprotection, an international exhibition ...
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News briefsIndian footwear exports surge
In the nine months running from April to December 2022, Indian exports of leather products and footwear rose by 16.55 percent year-over-year to $4.092 billion. In rupee, the increase reached 24.99 percent, according to the Council For Leather Exports (CLE). During the period, exports of leather footwear grew by 26.56 ...
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ArticleSkechers looks to produce in India as Q4 sales jump 14%
Skechers said it is planning to begin production in India, one of its fastest growing markets in the Asia Pacific region. Sales in the country displayed “particular strength” in the fourth quarter of 2022, as the company’s overall top line jumped by 13.5 percent to $1,878.8 million billion to reach ...
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News briefs
Pakistan's inflation at 48-year high
Pakistan’s consumer prices grew by 27.6 percent on a year-on-year basis in January compared to an increase of 24.5 percent in the previous month and a 13.0 percent rise in January 2022, according to the Pakistan Bureau of Statistics. It was the highest annual inflation rate since May 1975. Month-on-month, ...
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News briefs
Indonesia and EU aim to reach a free trade deal in 2023
The European Union and Indonesia aim to conclude a free trade agreement by the end of 2023 despite numerous trade disputes, said Vincent Piket, the EU’s ambassador in Jakarta. Piket told journalists that European Commission’s President Ursula von der Leyen and the Indonesian President Joko Widodo had decided in the ...
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News briefs
Ecuador, Mexico free trade talks at ‘dead end’
Talks to reach a free trade agreement between Ecuador and Mexico are at a “dead end”, according to the Ecuadoran President Guillermo Lasso. Lasso said that the Mexican president Andres Manuel Lopez Obrador had informed him that Mexican banana and shrimp producers are opposing a free trade deal. Ecuador had ...
