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.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.