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 recorded 26 consecutive quarters of above 20% growth, the expectation pushed the stock to lofty valuations, and at the sight of a slowdown in the Read more…

By admin, ago
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 resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in need of major industry data in a Read more…

By admin, ago
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 period a year earlier. However, shoe production fell by 26.8% during the same period to 33.2 million pairs from 45.4 million pairs a year earlier. Read more…

By admin, ago
Fashion Footwear

Leather exporters want cattle ban to be revoked or amended

The Centre’s ban on the sale and purchase of cattle from animal markets for slaughter would adversely affect the leather industry, leather exporters here said and demanded that the decision be either revoked or amended. If nothing was done, the leather exporters threatened to take to the streets. “The Centre has handed over a death certificate to us… This (decision) will drastically impact the leather industry,” Council of Leather Exports, regional chairman (East) Ramesh Kumar Read more…

By admin, ago
GST

GST Council to decide tax rates for services, gold, footwear on day two

The all-powerful Goods and Services Tax or GST Council on day two will discuss rates on services on Friday. The Council is chaired by Finance Minister Arun Jaitley and has all state finance ministers as its members. The fourteenth meet of the Council has been termed as historic as it is being held in Jammu and Kashmir’s capital Srinagar. Presently, the services are charged at 15 per cent that includes both central and state levies Read more…

By admin, ago
Footlight

Abattoir closure will boost India’s animal rights image: Footwear industry

AGRA: Shutting down of illegal slaughterhouses in the state will prove a positive development for Agra’s footwear export industry, said those, who are associated with it. The crackdown will have a positive impact on India’s, and this region’s image with regard to animal rights in western countries, said industry insiders. Puran Dawar, regional chairman (North) of Council for Leather Exports (CLE), also president of Agra Footwear Manufacturers and Exporters Chamber (AFMEC), said that many international Read more…

By admin, ago
Footlight

Already suffering, Uttar Pradesh leather industry takes another setback

Even before the new UP government’s crackdown on unauthorised slaughterhouses, the state’s leather industry was strained by slowed exports, closure of tanneries for environmental concerns and reduced supply of hides amid fears of becoming the target of vigilantes. From Dalit workers who skin dead animals and suppliers who buy the hides, to tannery owners and their workers, those in the industry now say their earnings have fallen further, with many losing their jobs. At the Read more…

By admin, ago
Fashion Footwear

US Demand for Athletic Footwear to Reach $10.5 Billion in 2021

US demand for athletic footwear is forecast to reach $10.5 billion in 2021, according to Athletic Footwear: United States, a report recently released by Freedonia Focus Reports. The increasing importance consumers place on comfort when purchasing apparel and trends towards allowing more casual dress in the workplace will benefit demand for athletic footwear. Consumer demand for athletic footwear in everyday use has led many suppliers to design it to both appear fashionable as well as Read more…

By admin, ago
Fashion Footwear

Indian shoemaker Woodland plans grand global expansion

After nearly a two-decade hiatus, Harkirat Singh, the managing director of Woodland, is plotting to return to the footwear market in Canada, a country he exited after competition from China made his business unviable. In his sights are also Russia, South East Asia, Africa, Australia and South America, among other regions. “With our kind of shoes, we have an edge in international markets. We know our products so well,” says Singh. But knowing the product Read more…

By admin, ago
Industry News

Lonzo Ball has unveiled his first shoe and it comes with a $495 price tag

One week after it was reported that Nike, Under Armour, and Adidas were spurning Lonzo Ball as a potential athlete endorser, the UCLA product has unveiled his first shoe under his family’s own brand, Big Baller Brand. And it costs $495 (not a typo). Here is the shoe, dubbed the ZO2 , not to be confused with a son of Alonzo Mourning. Here is a closer look at the back of the shoe and the Read more…

By admin, ago