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Argentina finished 2016 with a 6.2% decline in shoe consumption

Footwear consumption in Argentina fell from the record figure of 147 million pairs in 2015 to 138 million pairs last year, a decline of 6.2%. In the course of last year, sales of imported shoes increased, from 21.6 million pairs in 2015 to 27.4 million pairs in 2016. The government …

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Demand for Tencel in shoes takes Lenzing to Lineapelle

Two years after making its debut in footwear, Tencel has now come to the attention of Italian shoe manufacturers, Lenzing has said. The cellulosic fibre producer took part in the Lineapelle exhibition in Milan earlier this year and has said “an increasing number of innovative shoe manufacturers” have shown interest …

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Moda Made in Italy attracts 1,400 visitors

Italian footwear manufacturers’ association Assocalzaturifici has said the 115 shoe companies taking part in the Moda Made in Italy event in Munich (March 19-21) attracted a total of 1,400 visitors. The total number of brands represented was 215, each with new collections for autumn-winter 2017-2018 on display. Assocalzaturifici’s vice-president, Giovanna …

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Adidas extends partnership with Parley for the Oceans

Sports brand Adidas has unveiled the Parley UltraBoost X shoe, which has been created as part of its partnership with Parley for the Oceans. The collaboration sees marine plastic waste transformed into a performance yarn that is suitable for use in footwear and apparel. It has already resulted in the …

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Serious concern for Tunisia’s leather and footwear industry

Tunisia’s national leather and footwear federation has warned that the country’s leather and footwear industry is at risk of disappearing due to the uncontrolled level of imports and the deterioration of local businesses. Akram Belhaj, vice president of the federation and president of the national association for shoe manufacturers, said …

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Puma factory in Argentina to close

Workers at a factory making Puma sports shoes in the province of La Rioja in Argentina have been told not to return to work following a summer-long lay-off; the factory will close with the loss of around 100 jobs. The factory, run by an outsource manufacturing partner, Unisol, closed in …

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Sales Disappoint, Nike Tells Investors to Think Long-Term

  In the face of rising competition, an ongoing slowdown in North America and consumer shifts, Nike Inc. is asking shareholders to focus on its long-term growth prospects. Following the release of its third-quarter earnings results Tuesday — which showed sluggish overall sales growth for the firm and negative futures …

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The Most Successful Shoe Launch in Nike History

Nike Inc.’s third-quarter earnings were announced Tuesday and included softer overall sales growth and a weaker-than-expected Q4 forecast — but it wasn’t all bad news for the brand. In addition to a 20 percent year-over-year profit increase, Nike reached a milestone during Q3 by notching the biggest sneaker launch in company history. The record-setting …

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Nike’s Profit Soars 20 Percent, But Its Sales Miss the Mark

  Nike today reported a mixed bag of third-quarter earnings results: Its profit blew past forecasts while its sales fell short, albeit slightly. The Beaverton, Oregon–based athletic giant’s Q3 profit climbed 20 percent, to $1.14 billion, or 68 cents per share, significantly surpassing Wall Street’s bets for earnings per diluted …

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Adidas Grows, Experts Can’t Agree on Whether Things Are Getting Better or Worse for Nike

  In the face of intensifying competition from Adidas and Puma, experts can’t agree on which direction business at Nike is headed. According to Canaccord Genuity analyst Camilo Lyon — who cites a lack of exciting product and slipping market share, among other things — the way is down. RELATED How …

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