Fashion Footwear

ADIDAS HAS ALMOST TIED JORDAN BRAND FOR U.S. MARKET SHARE AND WILL SOON PASS IT

The upward trend that adidas is experiencing in the United States is not slowing down anytime soon, and most recent numbers reported by the NPD Group show that Jordan Brand is heavily affected by this change. Since May 2016, adidas has nearly doubled its U.S. athletic footwear market share from 6.3% to 11.3%, where Nike dipped slightly from 35.9% to 34.7%. However, it is Jordan Brand that is taking the brunt of the abuse as Read more…

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Footwear Manufacturer

Agra’s footwear industry says GST will hit them hard

Agra: Members of Agra’s footwear industry who were looking towards the Goods and Services Tax regime with the hope that it would provide some relief to them are now up in arms against high tax slabs that will be rolled out on July 1. Now, members representing around 5,000 shoe factories in the unorganized sector along with 3,000 wholesale dealers, who are sitting on a three-day dharna since Saturday, have threatened to launch an indefinite Read more…

By admin, ago
Footwear Manufacturer

Use of plastic money for shoe buying increases 7% this Ramazan

  KARACHI: The purchase of shoes at leading shoe outlets through credit cards (plastic money) increased from 5 percent to 7-8 percent as against the last Eidul Fitr season, shoes outlet managers have informed. The mounting use of plastic money by commercial banks’ customers is on one hand safer than carrying cash from snatching while it’s use in purchasing articles has been considered plus points standing for credit card users offered by all commercial banks. Read more…

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Footwear Manufacturer

Leather to meat, how BJP’s beef crackdown is devastating Dalits and Muslims

Mohammad Shahin has been exporting leather for 35 years but has never faced acrisis like this. The businessman is a community leader in West Bengal’s South 24 Parganas district, owing largely to the 60 people he employs at his factory, one of 400-odd units in Kolkata’s Leather Complex. But now, a government crackdown on illegal slaughterhouses coupled with a central rule that makes it virtually impossible to procure cattle for culling has dealt him a Read more…

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Fashion Footwear

A Closer Look At The Amazon-Nike Partnership

A recent Bloomberg report suggests that Nike has entered into a partnership with Amazon to sell its products directly on the latter’s platform. Currently, Nike products available on Amazon’s e-commerce site are sold by third party sellers through the Amazon Marketplace. Nike also sells its products to Amazon’s subsidiary Zappos.com. However, sales via third party sellers increases the risk of counterfeit products ending up on the e-commerce platform, and the reported partnership between the two Read more…

By admin, ago
Footwear Manufacturer

ICRA: Premium non- leather footwear products to benefit under GST

The Goods and Services Tax (GST) rates for the footwear products will be a two-tier structure –footwear with MRP up to Rs. 500 is proposed to be taxed at the rate of 5% and footwear with an MRP of more than Rs. 500 is proposed to be taxed at the rate of 18%. The Goods and Services Tax (GST) rates for the footwear products will be a two-tier structure –footwear with MRP up to Rs. Read more…

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Fashion Footwear

Japan’s sportswear brand ASICS to open more stores in India

ASICS will open at least 12 new stores across top Indian cities, including a few in the tier-II category towns, besides adding six more by end of this year to 20 outlets currently. New Delhi: With just 20 stores, India is a small market for ASICS Corp., the Japanese sports goods maker that is known for its celebrity users such as martial artist Bruce Lee and former US President Barack Obama. But it is in Read more…

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Fashion Footwear

Nike to cut about 2% of its global workforce, announces new business structure

Nike has announced a new business structure, which among other changes involves trimming 2 percent of its workforce globally. “Nike’s leadership and organizational changes will streamline and speed up strategic execution,” the retailer said in a statement Thursday, explaining plans of how Nike will also change the reporting divisions of its company. “The changes are … expected to result in an overall reduction of approximately 2 percent of the company’s global workforce,” Nike said. As Read more…

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Footwear Manufacturer

A Crackdown on the Slaughter of Sacred Cows Is Hurting India’s Leather Industry

In the backstreets of Agra’s Muslim quarter, where shoes have been made for centuries, small-scale manufacturers are firing workers and families cutting back on spending as a government crackdown on cattle slaughter ripples through the community. The election of Indian Prime Minister Narendra Modi of the Hindu nationalist Bharatiya Janata Party (BJP) three years ago has emboldened right-wing Hindu groups to push harder for protection of the cow, an animal they consider sacred. Authorities in Read more…

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Footwear news

Kanpur tanneries may be shifted out

Officials of the National Mission for Clean Ganga (NMCG) will meet Uttar Pradesh government officials to discuss the State’s decision to shift over 400 tanneries from Kanpur. The previous Samajwadi Party government had told the National Green Tribunal (NGT) in 2016 that the tanneries could not be shifted, for no land was available. The Yogi Adityanath government has reportedly identified fresh land. Affect employment Were the tanneries to be shifted, it could affect nearly two Read more…

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