News from World

tag: Scarpe

10 March 2023

The bankruptcy of the Russian retailer Paolo Conte due to debts and competition from counterfeit brands

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.

09 March 2023

Kanye West's anti-Semitism costs Adidas a mountain of unsold shoes

Adidas is not sure what to do with $1.2 billion worth of unsold Yeezy shares after ending its partnership with Kanye West after the latter made a series of anti-Semitic comments last year, leading Adidas to pull its brand back from sale. The debacle, along with what one analyst called a "catastrophic performance" in China, could lead to Adidas' first annual loss in 31 successful years. [Adidas warns of first loss in decades after split with Kanye West - sky.com]

02 March 2023

Leather shoes = Sri Lanka

Sri Lanka's exports of leather products and footwear were worth $49.8 million in 2022, leatherbiz informs. According to the Sri Lanka Export Development Board (EDB), there are seven tanneries operating in the country and the footwear industry directly employs about 20,000 people and indirectly includes 10 large exporting companies, 30 medium-sized companies and about 3000 small producers. It is able to produce up to 15 million pairs of leather shoes per year.

20 February 2023

Indian leather shines abroad, witnesses' exports boom

As international footwear brands look to source their production needs, and with many also looking to diversify outside of China, the world's current largest producer and exporter of leather, experts believe that Agra would fit the bill. Agra is home to a number of such small-scale units that contribute significantly to the nation's overall production and add greatly to India's leather footwear exports. [Read more at: economictimes.indiatimes.com]

16 February 2023

Why are running shoe prices exploding?

A NIKE ALPHAFLY for 310€ or an ASICS GEL-NIMBUS for 200€, running shoes have never been so expensive. But why are the prices of these shoes exploding? Inflation contributes to price increases. Are running footwear brands cushioning price increases? No, everything falls on the sporty users of running shoes. [Pourquoi les prix des chaussures de running explosent ? - Dans la Tête d'un Coureur]

08 February 2023

At the end of 2022, Indonesia lost more than 25,000 jobs in the footwear sector

Indonesia posts 5.31% GDP growth in 2022, - reports the CNA news agency - , the highest in almost a decade. In contrast, thousands of workers in the footwear industry in Tangerang, Banten, were laid off in the last quarter of last year. The president general of the Indonesian Footwear Association (Aprisindo) Eddy Widjanarko had already declared in November that the number of workers laid off in the footwear sector had reached 25,700. [Ribuan Pekerja of Industri Sepatu Tangerang Kena PHK ... - Tempo.co]

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