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Full-year figures for 2019 show that footwear group Stella International earned revenues of just over $1.5 billion. The figures are unaudited. Over the 12-month period, Stella shipped 59.4 million pairs of shoes, reports Leatherbiz.
A new report released by U.S. campaign against tariffs, ‘Tariffs Hurt the Heartland’, has estimated that Americans have paid an additional US $46 billion since the U.S. – China trade war began in February 2018 through November 2019, reports ILM
Sourcing Journal’s Christopher Hall writes that Nike's Atsuma sneaker uses intelligent pattern design to prevent material waste by designing around fabric cutouts.
Sourcing Journal’s Jasmin Malik Chua writes that Bangladesh’s minimum wage board has filed recommendations that could raise the minimum monthly wage for leather and footwear workers to 7,100 takas ( $84), local news media has reported.
World Footwear reports that between January and November this year 104.2 million pairs of shoes were exported by Brazil, resulting in revenue of 886.3 million US dollars. The US market continues to grow.
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