Fashion Footwear

Govt readying Rs 2,500 crore package for leather and footwear industry

The finance ministry is likely to approve a Rs 2,500 crore package for the leather and footwear industry, a move that is expected to boost exports, generate employment and make the sector competitive globally. “Finance Ministry’s expenditure finance committee (EFC) has already examined the proposal. They may grant a package worth around Rs 2,500 crore for the leather and footwear sector,” a senior government official told Moneycontrol. EFC will finalise the amount in the next Read more…

By admin, ago
Fashion Footwear

Pakistan’s footwear exports fall in volume and value

Pakistan’s footwear exports fall in volume and value With Pakistan’s current fiscal year coming to an end, the Federal Bureau of Statistics has reported export figures for footwear of 8.9 million pairs for the first 11 months (July 2016-May 2017) and revenues of $86.9 million. Compared to the first 11 months of the previous financial year, these more recent figures represent a fall of 18.5% in volume and of 12.9% in value. Facebook Comments

By admin, ago
Footwear Manufacturer

India will have strong foothold in global footwear

Non-leather footwear manufacture has made huge strides in India in recent years. Majority of footwear made in the country is non-leather. Growing demand, adoption of new technologies and use of an ever-expanding range of designs have contributed towards the growth of the sector. For instance, in 2013-14, the manufacturers based in Kozhikode (Calicut), which is fast emerging as the second non-leather footwear hub after Delhi, recorded an impressive 132 per cent rise in business. This Read more…

By admin, ago
Fashion Footwear

GST rates: Footwear to cost more as firms look to increase prices by 5-7%

Footwear companies across the country are looking to increase prices of their products—particularly in the leather segment—by 5-7%, in a bid to compensate for a higher goods and service tax (GST) rate. The GST Council had categorised footwear into two tax slabs. Those priced below Rs500 will be taxed at 5%, and others will be taxed at 18%. “While we welcome the path-breaking tax reform of GST (one nation, one tax, one sector), we will Read more…

By admin, ago
Footwear Manufacturer

Adidas has a secret weapon to beat Nike – and it’s just about ready to deploy it

Adidas is on a tear as of late – and it has a plan to keep tearing it up, too. As of March, the German sportswear maker had nearly doubled its market share in the US, from around 6% to 11%, according to data from NPD Group. Its sales in the US grew 31% in the first quarter of this year. That celebration was dampened a little bit, however, by the news that the trend Read more…

By admin, ago
Footwear Industry

India has the largest footwear market in the world: Adesh Gupta, CEO, Liberty Shoes

Liberty Shoes CEO, Adesh Gupta, speaks to ET Now regarding the GST structure for the footwear industry in general and how the sector would change as the market gets more organsied post GST. What is your view on the new GST structure for footwear because most on the Street seem to be lauding rates but in case of your industry, the feeling seems to be a little otherwise considering how unorganised the industry is? The fundamental is that GST is Read more…

By admin, ago
Fashion Footwear

Footwear is more than black, white and brown

As an industry, we get quite excited about the automobile and the leather goods aspects of our business and this is where the growth has been in recent years. All through the past hundred years, footwear has been far bigger and even the most pessimistic view of what has been happening in the past few years still has footwear using about twice the volume of leather as the two other sectors added together. So, for Read more…

By admin, ago
Fashion Footwear

Nike’s Unofficial ‘Dad Shoe’ Is One Of Its Best Selling Sneakers

Thanks to its slick design and “it’ll go with anything” quality, Nike’s footwear is favored by fashion snobs all around the world. But there is one shoe from the iconic brand that you never thought could become its top seller. Say hello to the Nike Air Monarch, aka “the underdog” or as Business Insider points out, the quintessential dad shoe. Designed by Rob Dolan, The Nike Air Monarch was first released in the early 2000s. Read more…

By admin, ago
Fashion Footwear

An On-Feet Look at the Nike Air Max 97

Earlier this June, Nike took the wraps off the latest Air Max 97 iteration covered in a clean and crisp “Summit White” colorway. The beloved low-top model is draped in various shades of white alongside snakeskin detailing near the midsole. Not to mention 3M reflective piping wraps around its wave-shaped upper. This time around, fans can get an on-feet look at the new rendition courtesy of OVERKILL. Check out the photos above and purchase the Nike Air Max 97 “White Read more…

By admin, ago
Fashion Footwear

Shoe brands urged to tackle forced labour at tanneries and ranches

LONDON, June 23 (Thomson Reuters Foundation) – Leading shoe and designer clothing labels including Nike and Puma have made progress in tackling forced labour in their leather supply chains but could do more to address the issue at tanneries and ranches providing hides, according to a study. It raised particular concern over China’s largest shoe retailer, Belle International, which failed to provide any information on its leather supply chain in a survey and made no Read more…

By admin, ago