News from World

tag: Ricavi

06 February 2023

China leather and feathers industries see slight drop in revenue of 2022

According to data from National Bureau of Statistics (NBS), the enterprises above designated size in leather, fur, feathers and their products and footwear manufacturing achieved the sales revenue of1.3399 billion Yuanin2022, witnesses a decline of 0.4 percent year on year, but the profit sees 3.3% growth year on year to 61.44 billion yuan. [The Profit of Industrial Enterprises above Designated Size in ...- www.stats.gov.cn]

28 January 2023

Brands restructure marketing on digital platforms

With an uncertain economic outlook, digital brands are forced to make tough calls on whether to cut back on marketing at the expense of growth or continue to spend and accept lower profits. [What Happens When Digital Brands Have to Cut Back on ...- BoF]

21 January 2023

Indian leather sector revenue to decline 7-8% in Financial Year 23/24

Indian leather apparel and accessories sector’s revenue is expected to decline by 7-8 per cent in fiscal 2024 (FY24), mainly due to slowdown in consumer demand in the US and Europe, according to CRISIL Ratings. In the current fiscal, the leather apparel and accessories sector’s revenue is expected to be flattish, after a strong performance in the previous fiscal. [Leather apparel, accessories firms ... - The Economic Times]

09 November 2022

Adidas Slashes Outlook: the problems are Kanye West's racism and sales in China

Adidas (ADSGn.DE) further slashed its outlook for 2022 on Wednesday as it weighed the impact of its split from Ye, the rapper formerly known as Kanye West, while sluggish demand in China continued to impact sales. [Adidas slashes 2022 outlook after Kanye West split - Reuters]

12 October 2022

China leather industry exports maintain growth in spite of facing high pressure

Due to the unexpected factors such as international geopolitical conflicts and the repeated epidemics that increased the challenge to China leather industry, the development of the industry has become more pressure and severe, and the adverse impact has increased significantly, the growth of revenue and profit was getting slow down, according to the latest report released by CLIA.

07 May 2022

NPD Group: Footwear Sales Decline In First Quarter

Up against last year’s stimulus-fueled comps, footwear industry unit sales and revenue declined in the first quarter of 2022 versus the previous year, according to The NPD Group, as reported by SGB Media. U.S. footwear sales revenue fell by 3 percent, and unit sales declined by 12 percent as average prices increased by 11 percent.

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