Vietnam's leather and footwear exports show growth
In the first seven months of 2022, Vietnamese leather and footwear exports grew by 13% compared to the same period last year and reached $14 billion. These results are in line with the Vietnam Leather, Footwear and Bags Association (Lefaso) forecast for this year, writes Worldfootwear.com.
Lefaso forecasts shoe and handbag export growth this year in the range of 10% to 15% to $23-25 billion. In 2021, Vietnamese exports of shoes and bags resumed their upward trend, up 4,6% year-on-year to $20,78 billion. Footwear exports alone rose 6,1% to $17,77 billion.
The Asian country has benefited from recent free trade agreements, such as the EU-Vietnam Free Trade Agreement that came into effect on August 1, 2020, and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) that came into effect at the end of 2018.
In addition, in recent years, Vietnam has become the largest manufacturing hub for leading brands such as Nike, adidas, Reebok and Puma. According to the World Footwear 2022 yearbook, more than 80% of the production and export of the leather and footwear industry is the result of foreign direct investment.
However, despite an increase in exports of Vietnamese products to the US and the EU during these seven months compared to last year by 24,0% and 17,5%, respectively, Vietnamese enterprises are concerned about the impact of rising inflation on consumer demand in these markets, as well as the prospect of a recession. . It is noted that demand in Europe, among other things, is affected by the depreciation of the euro against the US dollar.
In the first seven months of 2022, Vietnamese leather and footwear exports grew by 13% compared to the same period last year and reached $14 billion. These results are in line with expectations...
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Rendez-Vous has relaunched its wholesale business
Now the discount on the assortment is up to 65% of the retail price.
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Shoemakers' problems are growing
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Rendez-Vous has relaunched its wholesale business
Now the discount on the assortment is up to 65% of the retail price.
Spanish footwear brand JOSE SAENZ debuts at Euro Shoes
The young and ambitious Spanish brand of women's footwear JOSE SAENZ will present its collection for the first time at the international footwear exhibition Euro Shoes in Moscow.
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Every business owner imagines a cloudless future for their company something like this: high profits, ideal employees, loyal customers, competitors biting their elbows, and market conditions that are favorable specifically for their company. Want to get closer to your dreams? Turn them into goals, says fashion business management and development expert and regular SR contributor Maria Gerasimenko. And achieving any goals requires developing a strategy. Today, it is important to understand that strategy is vital for any business - from microenterprises to large holdings.
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Turkish brand Vaneda on Euro Shoes
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We are ready for active development in the Russian market
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We form the salary of sellers: expert advice
“How do you charge your consultants for personal or general sales?” Is one of the most popular questions causing a lot of controversy and gossip on the online forums of retail business owners. Indeed, how to properly form the earnings of sellers? But what about bonuses, where to get a sales plan from, do employees allow them to buy goods at discounted stores? In search of truth, the Shoes Report turned to a dozen shoe retailers, but no company wanted to disclose its motivation system - the process of its development was too complicated and individual. Then we asked four business consultants, and finally became convinced that the topic of seller motivation is very complex, because even our experts could not come to a common opinion.
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The whole truth about Bayer. Who is he and how to become one?
Bayer is no longer a new, but still a popular and sought-after profession. It’s fashionable to be a buyer. Buyers are at the origins of the emergence and development of trends. If the designer offers his vision of fashion in the season, then the buyer selects the most interesting commercial ideas. It is on buyers that the policy of sales of stores and what, in the end, the buyer will wear depends on. This profession is surrounded by a magical fleur, often associated with a lack of understanding of what exactly is the work of a buyer.
Fur, and not only: types of lining
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The best models of Czech shoes of the past
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Retail Arithmetic
Before you begin to solve specific problems, you need to find out how accurately all the leaders of your company understand the basic terminology of retail.
How to fire a worker without tears, scandal and trial
Sooner or later, any manager is faced with the need to part with an employee. Properly and on time the dismissal procedure will save the company money, and the boss himself - nerves and time. But why sometimes, knowing that a break in relations is inevitable, we put off the decision for months?
