Footwear Industry

US: Footwear retailers hit as sales move online

Footwear Retailers in the US are struggling to shift inventory and could be stuck with a backlog for years, warn investors. Foot Locker and Hibbett Sports reported falling profit for the second quarter. Shares in both fell as investors said competition from online retailers and Amazon’s expansion into clothing and footwear will impact traditional retailers. “Athletic apparel and footwear is over distributed and there is too much inventory in the channel,” said John Zolidis, president Read more…

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Footwear Industry

Footwear India Expo’17 – Best Trade Fair For Business!

The three day Mega Event, Footwear India Expo 2017 (6th edition of Footwear India Expo) concluded on 20th August 2017 creating an all time record in terms participation of Exhibitors, footfall of business visitors & the anticipated business. The fair was organized in 3000 Sq. M Area & participated by 90+ Brands in 150 Stalls inside the Hall. The participation of the brands like Steelwood, Micra, Kizashi, Vertis, Vintex, Airfine was the added attraction during Read more…

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Footwear Manufacturer

Liberty Shoes May Hike Prices By Upto 10% To Offset GST

New Delhi: Footwear firm Liberty Shoes is looking at raising prices of majority of its products by up to 10 per cent from September to offset higher tax to be levied on footwears costing above Rs. 500 under the GST regime. “For Liberty, there is a potential price increase of 5-10 per cent, particularly for leather shoes, which was taxed at a very rate earlier. There will be price increase on products priced Rs. 600 Read more…

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Footwear Manufacturer

India has potential to become biggest footwear producer by 2020: Minister Gangwar

NEW DELHI: Indian industry has a huge potential to surpass China in footwear production by 2020, Union minister Santosh Gangwar said today. The government has recognised Footwear/Leather as a priority sector and introduced favourable policy reforms along with the GST, the Minister of State for Finance said at the inauguration of the third edition of the India International Footwear Fair 2017 here. With 95 per cent of the domestic Shoes and Slippers production, India is Read more…

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Footwear Industry

Adidas was a footwear standout during Q2-

Adidas was a footwear stand out during Q2, but Nike still rules top-selling list. Adidas excelled during an otherwise sluggish second quarter for the footwear industry, according to a report from NPD sports industry analyst Matt Powell. After putting out strong Q2 results, including 20 percent revenue growth, Adidas led the pack in brand sales growth along with Puma, while Nike, Brand Jordan, Converse and Under Armour logged a decline in sales. Enlarge A new report from Matt Powell Read more…

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Footwear Industry

Skinners ‘Sock Shoes’ Aim To Become Essential Gym Footwear

A new product aimed at replacing the trusty running shoe in the gym is now available globally. Skinners, which look like a pair socks, can be used to walk around both smooth and rough surfaces and have been created for settings like the gym. The product is made from a patent-pending dual coating of anti-abrasive polymer materials on the bottom, and the upper part is joined to this section using antibacterial fibre. This approach contrasts Read more…

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Fashion Footwear

9 Smart Tactics Independent Retailers Can Use.

“It is imperative that retailers learn from each other and ensure that we are providing a customer experience that makes shoppers feel like a king or queen.” That was the message from Dan Ungar, president of Lyndhurst, Ohio-based Mar-Lou Shoes at a presentation on best practices, hosted today by the National Shoe Retailers Association at FN Platform. Ungar was joined on the stage by Jody Finnegan, owner of 12th Street Shoes in Bellingham, Wash., and Megan Sadjak, director Read more…

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Footwear Industry

Nike Celebrates 45 Years of it’s Cortez Shoe

नाइके उत्सव – इसके कोरटेज जूतों के 45 वर्षों के लिए: ये हैं 4 सर्वश्रेष्ठ संस्करण   45 years ago, now-legendary footwear designer and Nike co-founder Bill Bowerman created the Nike Cortez to be the fastest, boldest running shoe around. The shoe was released during the peak of the 1972 Olympics, and met with widespread acclaim for its performance capabilities and definitive style. The Cortez is often credited with making Nike a worldwide success. Since then, Read more…

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