All articles by prameela vegi
prameela vegi
Spanish Shoe Exports Face Consecutive Declines
For the second consecutive month, Spanish shoe exports experienced a decline compared to the corresponding periods in the previous year and pre-COVID-19 crisis. Despite an overall growth in the value of foreign shoe sales, possibly driven by the prevailing high inflation, there was a notable decrease in quantity in the last month. Particularly noteworthy were the declines in sales in vital markets for the national sector, such as Germany (ranking as the third-largest buyer of Spanish shoes globally) and the US, which witnessed a 17.3% reduction in market share within a year.
JD Sports Fashion Plc’s Peak Season Update
For the 22 weeks ending on 30 December 2023, JD Sports Fashion Plc, the prominent sports, fashion, and outdoor brand retailer, released its peak season trading update. The constant currency organic revenue growth for this period reached 6%, with like-for-like growth at 1.8%, slightly below initial expectations. The apparel segment’s revenue growth was affected by milder weather since the second half of September, and the overall peak trading season proved softer and more promotional than anticipated, reflecting a trend of cautious consumer spending. The company now projects full-year organic revenue growth to be approximately 8%.
Tod’s Unveils Digital Product Passports for Di Ba
Italian luxury brand Tod’s has recently joined the Aura Blockchain Consortium and unveiled Digital Product Passports (DPP) for its exclusive Di Bag. Through the incorporation of NFC tags, customers can now gain access to detailed information regarding the bag’s production and supply chain.
Geox Reports Financial Performance in the First Nine Months of 2023
Geox, the renowned Italian footwear and apparel manufacturer, has released its financial performance for the initial nine months of 2023, revealing a 2.3% year-on-year surge in consolidated sales, totalling €582 million.
Recruitment – job vacancies
We represent one of the leading East African leather factories producing high quality cow/goat/sheep crust and finished leather for the international, shoe and leather goods industries with 800+ employees. The leather factories have a market-leading international reputation that they pride themselves ranging from consistent delivery of high-quality goods in a timely manner to being a market leader for environmental, social and governance strategies. Any candidate will be expected to add and improve the market reputation whilst integrating and strengthening the company culture.
Levi’s Unveils Sustainable Leather Sourcing Strategy in Latest Report
Levi’s, the denim brand, outlined its strategy for leather in recent sustainability report, emphasising its commitment towards sourcing from Leather Working Group (LWG)-rated tanneries. In 2021, only 35% of their suppliers were rated by LWG, but this figure increased to 60% in 2022.
Brazil’s Leather Export Volume Growth for August
Brazil’s national tanning industry body, CICB, has released robust export data for the month of August, indicating significant double-digit growth in volume. According to preliminary government statistics cited by CICB, Brazilian tanners and packers shipped a combined volume of 40,900 tonnes of raw hides, semi-finished, and finished leather. The total export value for these goods reached $103.2 million.
Fifth Sustainable Leather Forum in Paris
The fifth edition of the Sustainable Leather Forum convened in the city of Paris on September 11, drawing together a diverse assembly of thought leaders and stakeholders from across the globe. This gathering served as a platform for illuminating keynote presentations and engaging roundtable discussions, all centered around the theme of sustainability within the expansive leather value chain.
Foot Locker faces a challenging year in 2023
It has been a challenging year for the Foot Locker sneaker chain, with its shares plunging by 30% to reach $14.8 per share. This represents the company’s lowest point since 2010 and follows the public release of its second-quarter financial report, which indicated a decline. Food Locker experienced a similar setback when it published its first report of the year three months ago. The drop in sales, according to the company, can be attributed to consumer caution in the face of inflation and rising interest rates, robust competition from e-commerce, and the direct sale of sneakers from big brands such as Nike or Adidas.
Spanish tanning industry starts strong in 2023
Spain’s tanning industry exports started the year with significant increases in the subsectors of processed leather and semi-tanned skins, reports Revista del Calzado.