Blog
Footlight

Walmart Employees Will Start Delivering Online Orders — Will This Change What You Think of the Company?

  In its ongoing digital battle with Amazon, Wal-Mart Stores Inc. last week rolled out its latest combat strategy: associate delivery. The rise of e-commerce giant Amazon has created enormous challenges for traditional brick-and-mortar retailers. While many are implementing new strategies to counter digital pressures, few have stepped up to …

Read More
Industry News

Cheaney turns to Italy for range of driving shoes

Men’s shoe brand Cheaney has unveiled a range of moccasins inspired by the Italian driving shoes first produced in the 1960s. The shoe has been given the name Donnington. They are made from calf leather and come in a variety of eye-catching colours, including burgundy, bottle green and cobalt blue. …

Read More
Footwear Manufacturer

Leather shoes may pinch under GST as prices likely to rise 5-7%

Leather shoes may pinch under the goods and services tax (GST) as the prices are expected to go up by an estimated 5-7%. The proposed GST rates may push up prices of footwear across categories, while leather as a segment is most likely to be hit due to high rates. …

Read More
Footwear Manufacturer

India’s $13 billion leather industry is worried sick after cattle slaughter ban

India’s decision to put a ban on cattle slaughter has become a cause of worry for several international fashion houses worried. Brands like Zara, Marks & Spencer, Prada, Hugo Boss and Armani, or their agents, have begun contacting their Indian suppliers asking them whether they would be able to deliver …

Read More
Fashion Footwear

GST to be 5% on footwear below Rs 500, 18% on Rest

NEW DELHI: Footwear below Rs 500 will be taxed at 5 per cent under the Goods and Services Tax, while the rest would be in the 18 per cent bracket once the new regime is rolled out from July. Gold, on the other hand, will be taxed at 3 per …

Read More
Footwear Manufacturer

Woodland’s Harkirat Singh says that indian leather bans have not hurt industry

In conversation with Harkirat Singh, MD, Woodland Worldwide, on the future of leather in India “I don’t think the industry has suffered much. We use a variety of leather, along with Indian leather for our products and have never had any problem when it comes to sourcing. The materials are …

Read More
Industry News

Rs 4,000 crore incentive package for leather sector likely in July

The government is expected to announce a Rs 4,000-crore incentive package for the leather and footwear segment in July to boost manufacturing, exports and job creation in the country. The commerce and industry ministry, which has mooted the proposal, has asked for the Rs 4,000-crore package, which includes both tax …

Read More
Footlight

Under Armour Needs to Do Just One Thing to Turn Things Around

Under Armour (NYSE:UA) has lost nearly half of its value in a span of 12 months and is now trading around $20, much lower than the peaks we saw in late 2016, when the stock was trading around $53 levels. How the mighty have fallen! As a hyper-growth stock, which …

Read More
Footlight

Global Footwear Market 2017 Industry Development Trends and Forecast 2021

The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Footwear market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful …

Read More
Footlight

Shoe production plummets in Pakistan

In the first nine months of the current financial year (July 2016 to March 2017) tanners in Pakistan increased production of finished leather leather by more than 4%. Production reached 19.6 million square-metres over the first three quarters of this financial year, compared to 18.8 million square-metres in the corresponding …

Read More