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132 stories in this topic
German-founded British footwear and apparel brand, Dr Martens, has closed all of its physical stores in the Philippines. The brand announced on social media that it closed all of its remaining four stores in Glorietta 4, SM Mall of Asia, SM Megamall, and…
A Taiwanese shoemaker in HCMC’s Binh Tan District has laid off 1,185 workers and blamed it on a drying up of orders. In an announcement, Monday Ty Hung Co. Ltd, said its customers face financial issues and have not placed new orders. Despite trying everything…
Nike is deactivating its Run Club app in China, becoming the latest Western company to reconfigure its business in the world’s second largest economy. The US sportswear giant posted a notice to runners in mainland China, saying the app will “cease service and…
Sportswear brand Lululemon has revealed its first-ever footwear collection for women, with a men’s collection to launch next year. The company will launch its debut running shoe called Blissfeel on 22 March online and in select stores across the UK, North…
Vietnam’s footwear exports plunged 44.2 percent year-on-year to about $700 million in September, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso). Meanwhile, handbag exports also decreased by 48 percent. However, the industry still…
Over 18,000 workers of Pou Sung Vietnam were temporarily suspended due to a worker having close contact with a suspected Covid-19 case. Health authority found the wife of a suspected Covid-19 case working at the Dong Nai-based firm with 27,000 employees. The…
Havaianas’ global expansion — prioritizing Europe, China, and the U.S., in addition to Brazil — remains on a strong path. The world market leader in open footwear delivered revenue growth in all regions, including distributors. Outside Brazil, net revenues in…
Prices of some Chinese limited edition sneakers soared among collectors and speculators following calls for local consumers to boycott global brands that have said they don’t source products or yarn from China’s western Xinjiang region. Nike and Adidas came…
Li Ning, the gymnast-entrepreneur who lit the Olympic flame during China’s 2008 Games, has bought control of one of Britain’s oldest shoe producers, extending the global shopping spree by Chinese companies for famous international brands. Viva China Holdings,…
The British footwear brand Dr. Martens is planning a £3bn flotation, more than 60 years after its first pair of boots were stitched together in Northamptonshire. Best known for its 1460 boot featuring its trademark yellow stitching and chunky soles, the…
The brand has held a Royal Warrant with Prince Charles since 1989 and was recently visited by the Prince of Wales to celebrate its 190th anniversary with a commemorative plaque. It manufactures its leather shoes and boots in a factory in Northampton, a town…
Chinese footwear retailer Le Saunda saw revenue and profit fall by more than 30 percent in the last six months as the impact of the Covid-19 pandemic ravaged the fashion industry. Revenue for the six months to August 31 fell to US$38.7 million, 30.8-per-cent…
Hong Kong-listed women’s footwear label Daphne International is withdrawing its physical retail stores from Mainland China and Taiwan in the face of steep losses. The brand’s most recent interim financial report shows an 85-per-cent drop in turnover to…
Footwear brand Bata in planning to launch 100 new stores in India against the backdrop of the coronavirus pandemic. The openings are part of the firm’s plans to have 500 more outlets operating by 2023 in the territory above its current 1500 stores. The move…
Christian Louboutin has opened a new boutique in Landmark Prince’s, at Hong Kong’s Central. Inspired by the brand’s first boutique in Galerie Vero Dodat, the store facade features red-tiled walls with “petroleum-blue ceramics” and a Christian Louboutin neon…
Skechers China sales growth has fuelled optimism for the shoe brand after it reported a huge slump in sales for the June quarter due to stores being closed in other regions under Covid-19 lockdowns. The company reported group-wide sales of US$729.5 million, a…
