Legal & Institutional – Page 7
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German shoe retailers recover amid online growth
German shoe retailers' sales grew by 2.5 percent in the first half of this year, recovering from the decline last year, which was due to unfavorable weather, according to the Federal Association of Shoe Retailers, BDSE.The weather played a role again in the growth, according to BDSE's president, Brigitte Wischnewski, ...
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Russia may drop preferential taxes for shoe retailers
All the shoe stores in Russia must be transferred to the common tax regime under a draft bill that has recently passed first reading in the Russian Parliament. They would not be eligible any longer to just pay a single small tax of 15 percent on their profits or to ...
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Uzbekistan targets full self-sufficiency in footwear
Uzbekistan is meeting almost 100 percent of the domestic demand for men's shoes and 70 percent of the domestic demand for women's shoes, according to recent comments by Dilobar Zufarovu, a spokesperson for the national shoe industry association. Moreover, the national government has indicated its support for new protectionist measures. ...
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Global footwear trade continues to rise
Exports and imports of footwear continued to grow for the second consecutive year in 2018, reaching an all-time record of $142 billion in terms of value, with an increase of 4.3 percent from the previous year. However, they were up by only 0.8 percent in terms of volume and still ...
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Brazil exports more footwear to the U.S.
Brazil shipped some 58.3 million pairs of shoes, worth $480.7 million, in the first half of 2019, according to the Brazilian footwear-industry association, Abicalçados. Compared with the same period of 2018, this represents an increase in volume of 5.3 percent, but a decrease in value of 1.3 percent.In June, the ...
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A new head for the Brazilian shoe industry
Haroldo Ferreira has become the new executive president of Abicalçados, Brazil's association of footwear manufacturers. The 52-year-old manager has been dealing with Abicalçados for some time as president of the Union of Footwear Companies in Brazil's state of Bahia. He was offered the post late last year by Rosnei Alfredo da ...
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Assocalzaturifici announces new board roles
Assocalzaturifici, Italy's shoe industry association, has announced new roles on its executive board, following the election of Siro Badon as chairman of the organization earlier this year, previously reported in Shoe Intelligence (Vol. 21 n°7,8 of 18/04/2019). Badon's tenure, which will run through 2023, started at the recent annual meeting ...
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The German shoe market declines in volume
According to a study conducted by the Institute for Retail Research (IFH) in Cologne together with the BBE, the German consultancy for the retail industry, the German shoe market did not increase in volume from 2017 to 2018.The volume had increased each year since 2012 by an average of 0.7 ...
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The EU reaches a trade pact with Mercosur
Twenty years after the start of negotiations, the European Union concluded on June 28 a trade agreement with Mercosur. While indicating that it may take two years for the deal to be formalized, the European Commission noted that the EU is the first major partner to strike a trade pact ...
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Détente on the international trade front
Three moves on the international trade front that have taken place in the last few days have given the shoe industry and the world economy positive signals in the direction of free trade.While the U.S. decided not to go ahead with a new set of punitive tariffs on imports from ...
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Attendance keeps steady at Expo Riva Schuh
The 92nd edition of Expo Riva Schuh, held June 15-18, attracted more than 12,000 visitors from 111 countries, largely in line with the score a year ago and with organizers' expectations. The trade show had 1,462 exhibitors, of which 266 were Italian and the rest foreign, the largest delegation being ...
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Dangerous smuggled shoes are sold in Ukraine
All the footwear sold in the stores of a Ukrainian retailer, Konfiscat Obuv, could be dangerous to the health of customers, said the Ukraine shoe industry association, Ukrkozhobuvprom, in a public statement, drawing public attention to a serious smuggling problem in the country.According to the association, this company has been ...
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President Trump’s special diplomacy shakes up the footwear market
American shoemakers are reassessing their sourcing strategies while U.S. President Donald Trump continues to play hardball with the Chinese government, threatening to raise import duties by a further 25 percent on a number products, including footwear, by Aug. 1. If that happens, duties paid on shoe imports into the U.S. ...
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Brazilian footwear is benefiting from the trade war with China
Things seem to be looking up for Brazilian footwear. From January to April of this year, the industry exported 44.16 million pairs valued at $343.8 million, a 9.4 percent increase in pairs combined with a 0.1 percent decrease in dollars. The chief importer was the U.S., which has been purchasing ...
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U.S. removes India and Turkey from GSP trade program
The U.S. government has pulled India and Turkey out of its Generalized System of Preferences (GSP) scheme, which allows thousands of products to be imported into the U.S. without duties. The U.S. is currently reviewing GSP benefits for Indonesia and Thailand.GSP eligibility ended on June 5 for India and on ...
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Weak exports from Bangladesh’s leather industry
Bangladesh's leather industry recorded an 8.7 percent decline in its export revenues to $837 million for the ten months ended on April 30. This was well short of the turnover needed to meet the government's target of $1.1 billion for the fiscal year ending July 31.According to the Bangladesh Tanners' ...
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Russia is not ready for shoe tags
Russian footwear manufacturers and retailers are asking the federal government to postpone the introduction of compulsory tagging of all shoes on the domestic market with RFID chips. The new regulations, which are slated to come into force on July 1, were partly meant to crack down on sales of fake ...
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German shoe retailers hope for a better year
The first few months of 2019 were promising for German shoe retailers, with a combined sales increase of 16 percent in January and February alone, followed by a relatively good month of March. Last month, the retailers' sales were 9.8 percent higher than in March 2018, when they had shown ...
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Lower foreign sales by German shoe companies
The growth of the German footwear industry weakened considerably in 2018, weighed down by lower sales abroad, according to an annual report by the Federal Association of the German Footwear and Leathergoods Industry (HDS/L), presented at last month's Gallery Shoes fair in Düsseldorf.In 2018, the total sales of German shoe ...
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Luís Onofre is CEC’s new president
Luís Onofre, the fashion designer who heads up the Portuguese shoe and leathergoods industry association, Apiccaps, has been elected as the new president of the European Confederation of the Footwear Industry (CEC), which represents more than 21,000 companies employing over 278,000 people all over Europe.He will take over the reins ...
