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October 8, 2010

Global news roundup

The following is a roundup of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.

The following is a roundup of apparel and footwear news from the world’s local media. just-style has not checked these stories so cannot guarantee their accuracy.

  • Indonesian retailers are opting to import a vast majority of footwear products from China. Around 58% of the country’s shoe imports, worth US$45.4m, were imported from China in the first eight months of the year. ASIA PULSE
  • Tata International is looking to venture into footwear retailing, reportedly signing property deals in the suburbs of Mumbai and Delhi. The unit, which has design studios in the country as well as in Italy and Spain, is led by Noel Tata. THE ECONOMIC TIMES
  • Footwear maker Yue Yuen Industrial saw its net profit drop 4.72% year-on-year to US$346m for the first nine months of the year. Turnover during the period climbed 10.16% to US$4.2bn though. CHINA KNOWLEDGE PRESS
  • The SA Clothing and Textile Workers’ Union has reported that clothing, textile and footwear job losses have reduced over the last three years. It reports 29,500 job losses in the three years just gone, which is 23% down on the prior period. SOUTH AFRICAN PRESS ASSOCIATION
  • The European Union and Vietnam are to hold talks for the country to be recognised by the EU as a free market economy. Vietnam is understood to want an end to EU import duties on Vietnamese-made shoes, but talks are likely to last years. REUTERS

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