All Trade & Sourcing articles
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ArticleRussia’s footwear imports are declining
During the first nine months of 2024, Russia imported 261.6 million pairs of shoes, 11.2 percent less than the previous year, according to the Russian Center for Prospective Technologies, a government agency monitoring the retail industry. In the third quarter of 2024, the agency stated that imports were 9.7 percent ...
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US tariffs seen having limited impact on Spanish economy
The possible introduction of trade tariffs by the US is expected to have a limited impact on the Spanish economy, according to Gonzalo Gortazar, the CEO of the Spanish bank CaixaBank. He noted that only 5 percent of Spanish exports go to the US. Meanwhile, exports contribute about 40 percent ...
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ArticleCEC and Abicalçados call for a swift conclusion of EU-Mercosur free trade talks
CEC, the European footwear confederation, and Abicalçados, which represents Brazilian shoemakers, are among the 78 business associations representing a diverse array of industries from the European Union (EU) and Mercosur asking their governments to rapidly conclude negotiations for a free trade agreement between the two economic blocks. Mercosur was established ...
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ArticlePortugal’s FAIST project to create 300 jobs
The FAIST project launched by the Portuguese footwear industry to develop innovative products by the end of 2025 is expected to create 300 new jobs in the coming months, according to the project coordinator, Florbela Silva, in an interview released by the country’s footwear, components and leather goods manufacturers’ association, ...
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ArticleHigher US tariffs could sharply impact Chinese footwear imports
Proposals by President-Elect Donald Trump to increase US trade tariffs could significantly curtail footwear exports to the country, especially those from China, according to a survey carried out by Trade Partnership Worldwide for the US’ National Retail Federation (NRF). The survey analyzed six widely purchased consumer goods including footwear. The ...
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US East Coast port strike ends
A strike affecting the ports of the US East Coast and the Gulf of Mexico was suspended after the International Longshoremen’s Association (ILA) union and the United States Maritime Alliance (USMX) reached a tentative agreement. “The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have reached a tentative ...
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Lanxess exits the polymer business
Lanxess signed a contract to sell its Urethane Systems business to Japan’s UBE Corporation. The enterprise value amounts to €460 million with expected proceeds of around €500 million. With the transaction, the German specialty chemicals company exits the polymer business. The Urethane Systems business comprises five manufacturing sites globally as ...
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A long US port strike will impact supply chains
On Oct.1, about 45,000 unionized workers went on strike at ports on the US East Coast and in the Gulf of Mexico which handle about half of the US’ ocean shipping. The International Longshoremen’s Association (ILA) union, which represents dockworkers across 36 ports on the East Coast and the Gulf ...
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JR One Footwear to expand production in Indian state of Tamil Nadu
JR One Footwear, a joint venture company between Phoenix Kothari Footwear and ShoeTown Group, plans to expand its presence in India’s southern state of Tamil Nadu by setting up two more manufacturing facilities and leather component clusters, according to the Indian newspaper The Economic Times. The company is already investing ...
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Asian brands increase their presence in the Russian market
In the first half of 2024, several new foreign footwear brands emerged in the Russian market, according to CORE.XP, a local consultancy. For example, the Chinese footwear brand Josiny and the Chinese children’s clothing and footwear brand Balaba officially launched operations in the country. In total, 15 new brands started ...
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ArticleVirola starts exporting non-leather footwear
Virola International, an Indian company that is one of the country’s major exporters of high-quality leather shoes, has started supplying non-leather footwear to a European client. “Buying non-leather footwear from India is a big mental change for clients,” explains Ishaan Sachdeva, who runs the family-business with his father Sushil Sachdeva. ...
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Cambodia's first-half footwear exports up by 10.4%
In the first half of 2024, footwear exports from Cambodia rose by 10.4 percent to $774 million from $700.6 million dollars a year earlier, according to the Ministry of Commerce. Cambodia’s exports of garments, footwear and travel goods rose by 16.5 percent to $6,246 million during the period. Garments represented ...
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ArticleVietnam’s leather, footwear, handbag exports seen reaching $26-27bn in 2024
Export revenues for the Vietnamese leather, footwear and handbag industry are expected to reach $26 billion to $27 billion in 2024, according to Lefaso, the Vietnam leather, footwear and handbag association. In 2023, Vietnam generated $24 billion in revenues from leather and footwear exports, down by 15 percent year-on-year. ...
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ArticleArgentina focuses on high-end products for the European market
With its 130 million pairs of shoes produced annually, Argentina ranks third among producing countries in the Americas after Brazil, with 849 million pairs, and Mexico, 205 million pairs, according to data released by the Argentine footwear association Cámara de la Industria del Calzado (CIC), as well as its Portuguese ...
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ArticleRussian fashion imports from China are resilient despite sanction pressure
Leading Russian marketplaces have been complaining about difficulties importing goods from China as banks of the Asian powerhouse increasingly scrutinize transactions involving Russian businesses. However, footwear imports are yet to be affected by the issue. Russian marketplaces and foreign resellers working on the online platforms have been encountering problems in ...
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Turkish inflation may have peaked
In June, Turkish inflation slowed down to 71.60 percent year-on-year after reaching 75.45 percent in May, according to the statistics office Tuik. Month-on-month, consumer prices rose by 1.64 percent in June. “The disinflation process has started,” wrote the economy minister, Mehmet Simsek, on X. However, independent economists at the Inflation ...
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OrthoLife expands its European hub
The US-based insole specialist OrthoLite announced the expansion of its European hub, OrthoLite Europa (OEU), focusing on its facility in Almansa, Spain. “Our commitment to invest in our global manufacturing footprint brings agility and reliability for OrthoLite’s brand partners and our T1 factory partners,” said Richard Bevan, Vice President of ...
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ArticleHeinrich Dinkelacker starts production in Tuscany
Heinrich Dinkelacker, the traditional brand of high-end men’s shoes, continues to expand production in Western Europe. After “four years and many rounds of sampling across the European continent”, the company has found a partner in Tuscany, near the fashion and leather goods hub of Florence, to manufacture its Buda ...
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South American footwear sales set to grow nearly 3% annually
In 2024, footwear sales in South America are expected to rise by a compound annual growth rate of 2.77 percent from 2024 to 2028, according to data from the German statistics portal Statista released by the Italian trade show Expo Riva Schuh & Gardabags. In 2024, footwear revenues in South ...
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Uzbekistan incentives the creation of footwear clusters
Uzbekistan’s government plans to create clusters for the leather and footwear industries in the Sharaf-Rashidov and Akhangaran districts and has defined incentives to attract investors. Until Jan. 1, 2026, companies established in the areas are exempt from property tax, land tax and tax for the use of water resources, according ...
