Wenzhou in East China's Zhejiang province retained the honorary title of "China Shoe Capital - Wenzhou" as according to an announcement by the China Light Industry Federation.
Data prepared by the Brazilian Footwear Industries Association (Abicalçados) indicate that, in the first two months of the year, 26.77 million pairs were shipped, which generated US$ 219.78 million, a decrease of 2.9% in volume and an increase of 5.1% in revenue compared to the same period last year.
According to Taiwan’s Investment Commission, Taiwanese realized investment in China has plummeted, from U.S. $9 billion in 2017 to just U.S. $1.7 billion in 2022. As a consequence, China’s importance in Taiwan’s total outward foreign direct investment has diminished whereas other countries’ weight has increased.
International climate negotiators are divided over key elements of a United Nations fund they’re creating to distribute financial resources from richer nations to low-income countries impacted by climate change.
Nike reported higher-than-forecast sales in its third quarter, but higher markdowns to help liquidate inventory weighed on profits. Profit at the sneaker maker fell 11% as it relied on higher markdowns. [Nike Sales Jump as It Works Through Inventory Glut - WSJ]
As the world's largest search engines unveiled new AI robots, the artificial intelligence (AI) is taking hold in the value chain of fashion accessories, furniture, apparel and footwear, from optimizing resale experiences, helping shoppers find products that are suitable for reducing returns and customizing the purchase journey.
Kering has set itself the goal of reducing its carbon emissions by 40% by 2035. At Gucci, the latest commitment is that of the "Circular Hub", which makes use of the expertise of the MIL research laboratory in eco-responsible materials. [Kering accentue sa lutte contre les émissions carbone - Les Echos]
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