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.
- Chinese athletic shoe maker Anta Sports Products is expecting to increase sales by 15% this year. According to an interview with Anta’s CFO, the company has more than doubled in market value thanks to a buoyant domestic Chinese market. CHINA DAILY
- Japan wants to boost textile and fashion exports to JPY800bn (US$8.5bn) within the next three years, from JPY690bn currently. It hopes to gain from the popularity of Tokyo’s fashion designers in neigbouring Asian markets. THE DAILY YOMIURI
- Korea-based Youngone Group is to open a $110m shoe factory in the Karnaphuli Export Processing Zone (KEPZ) of Bangladesh, with a monthly production capacity of 30m. The factory will reportedly provide employment for 32,000 people to work in 72 production lines. THE DAILY STAR
- Ongoing protests in the Thai capital of Bangkok are hitting fashion retailers, with malls being closed and blocked off. The annual International Fashion Fair has also been called off until next month. FASHION NET ASIA.
- Italian men’s wear firm Gruppo Ermenegildo Zegna has increased first quarter sales 20%, with strong growth for its luxury goods offering in China. During 2009 the company’s net profit reportedly decreased 73% to EUR17.3m though. REUTERS
Go deeper with GlobalData
