Rieker
Italian shoe industry turns to government for help
22.06.2022 10743

Italian shoe industry turns to government for help

Anti-Russian sanctions hit hard on shoe manufacturers in Italy. Italian manufacturers are struggling with high inventory levels. Assocalzaturifici renews its appeal to the Italian government for help.

According to Shoesbiz.com, President of the Association of Italian Manufacturers Assocalzaturifici, Mr. Badon said shoe manufacturers need help to cope with the consequences of the sanctions imposed on Russia. “We have overcome COVID. Now the government must help us overcome the war as well,” he concluded.

It is noted that despite the fact that the sanctions are aimed at transactions worth more than 300 euros, and in this regard, given the factory prices, they do not apply to most Italian shoes. However, fearing that shoes shipped to this part of Eastern Europe might not even reach buyers as logistics to Russia and Ukraine are now difficult, some companies have built up costly inventory and this is hurting business. In addition, many factories are still waiting for payment for shoes shipped to Russia before the announcement of sanctions.

Among the EU countries, Italy is the main supplier to both Russia and Ukraine. Last year, Russia bought 3,7 million pairs of Italian shoes worth 274 million euros. Italy also sold about 523 pairs of shoes to Ukraine worth 39 million euros.

Anti-Russian sanctions hit hard on shoe manufacturers in Italy. Italian manufacturers are struggling with high inventory levels. Assocalzaturifici renews appeal to…
3.2
5
1
1
Rating

Latest News

Roses and fur - trends in shoe design

In the shoe collections of fashion brands for the autumn-winter 2023 season, several bright trends can be noted, including the use of fur and…
31.03.2023 67

Shoe sales in Russia decreased by 10,5%

According to the results of 2022, shoe sales decreased by more than 10%, TASS reports with reference to the analysis of the operator of the mandatory labeling system in Russia, the Center for the Development of Advanced Technologies and the National Scientific Competence Center ...
31.03.2023 75

Lamoda personalized the catalog using artificial intelligence

Lamoda, an online platform for the sale of fashion, beauty and lifestyle products, has simplified and accelerated the process of searching for products in its catalog. With the help of artificial intelligence, the service has learned to predict which products will be of interest to a particular…
30.03.2023 80

Santoni unveils new 'Sneak-Air' sneaker

The new model of the Italian luxury shoe brand Santoni has been named "Sneak-Air", and is distinguished by the original coloring. The upper of the shoe does not have a uniform color, it is decorated with many graphic shades. This visual effect is achieved in…
30.03.2023 163

Footwear production grows in Moscow

Over the year, the volume of footwear production in Moscow increased by 1,5 times. In January 2023, shoe factories produced 148,8 thousand pairs of shoes, an annual growth of 48,3%, according to the website of the Moscow Mayor. More than 200…
29.03.2023 173
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning