The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
ACICAM, the Colombian association of footwear, leather goods and its manufacturers, reported a fall in exports for the category by 41.7 percent, from $33.3 million in 2019 to $19.4 million in 2020. Top export markets are Ecuador, the United States and Costa Rica.
The decline is largely attributed to the change in consumer habits due to the pandemic, as there have been fewer occasions to wear footwear during lockdowns.
However, it was slightly offset by a higher demand of sports shoes, sandals and comfortable footwear in the country. ACICAM estimates that 75 percent of 2020 sales across the industry came from this category.
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
This week’s round-up of global markets fashion business news also features Haiti’s sourcing crisis, Brazilian jewellery giant Vivara and Dubai’s Ramadan shopping season.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.