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.Read more
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.
Luxury brands are studying how to better respond to the business opportunities of Ramadan, while maintaining a respectful relationship with the holy month. Achieving the right balance requires advance planning. [What makes for a meaningful Ramadan campaign? - voguebusiness.com]
Shoe manufacturers accounting for the lion’s share, according to the Werbemarktanalyse Schuhe 2023 - AdVision survey. Almost one third of total expenditure was attributable to retailers, according to the report. Among the sub-markets, the sneakers, lace-ups and low-cut shoes segment accounted for 31% of total advertising expenditure, the highest percentage and up significantly from the previous year, followed by work and safety shoes.Read more
Representatives of the Brazilian Footwear Industry Association (Abicalçados) and the Argentine Chamber of Footwear Industry (CIC) met on the morning of March 7 to discuss bilateral trade in the sector. The highlight of the agenda was the importance of maintaining the tariff, Tarifa Externa do Mercosul (TEC) to prevent a possible "invasion" of Chinese products into both countries. [Brasil and Argentina unidos pela manutenção da TEC – Abicalçados]
Paolo Conte operated 81 stores and was among the largest retailers of medium-priced footwear in Russia. The bankruptcy laid bare the problems of footwear retailers with revenues of up to 4 billion rubles (50 million euros), which are currently suffering due to rising costs and declining customers. They are also at a disadvantage compared to manufacturers of counterfeit shoe brands which account for 30% of Russian imports, reaching 60% in the children's footwear segment.