Shoes and Accessories Magazine - December - January 2023

In this issue

We are pleased to welcome you to SHOES & ACCESSORIES Magazine after a brief hiatus. Due to the pandemic, we were forced to take some measures. For the first time sinceinception of the magazine, we had decided to put our print issues on hold temporarily.

Shoes & Accessories is dedicated to encouraging the sector and entrepreneurs, and to bring to you the latest happenings in the footwear retail sector. Our vision is to build a community of advanced delegates through high-quality publications spanning from retail to pressing industry matters.

S&A brings together diverse perspectives to create relevant content. Our role in community building is to bring together individuals passionate about retail and fashion to promote an environment that highlights editorial, strategy, and sector- based articles. Quality, consistency, strategy, and accessibility are the defining factors that shape S&A.

We hope you enjoy S&A Magazine.

Exports Advance Up by 25%

According to the report by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), Indian exports of Leather and Leather products for the first half of the financial year 2022-23 period (Apr-Sept 2022) touched US $ 2841.52 million as against the performance of US $ 2261.17 million in 1H2022, recording growth of 25.67%.

1 min

Superkicks launches UK brand Represent in India

Superkicks has brought UK-based streetwear brand Represent to India with an omni-channel launch on September 30.

1 min

ABFRL Q2 net profit jumps five-fold to ₹29.44 crore; revenue 50% higher at ₹3,074.61 crore

Aditya Birla Fashion and Retail on Friday reported over five-fold jump in consolidated net profit at ₹29.44 crore in the second quarter of FY23, led by robust festive sales and consistent performance from e-commerce channels.

2 mins

Lulu Group to invest ₹3,000 crore to setup shopping mall in Ahmedabad

Lulu Group International has announced that the company is foraying into the Gujarat market by investing ₹3,000 crore to set up a shopping centre in Ahmedabad, according to PTI.

1 min

Campus Active Standalone September 2022 Net Sales at ₹333.17 crore, up 9.55% Y-o-Y

Net Sales at ₹333.17 crore in September 2022 up 9.55% from ₹304.14 crore in September 2021.

1 min

Bata India Q2 profit rises 47 pc to ₹55 crore; net sales up 35 pc at ₹830 crore

Leading shoemaker Bata India on Thursday reported a 47.44 per cent rise in consolidated net profit at ₹54.82 crore in the second quarter ended September 2022, helped by increased footfalls at stores. The company had posted a net profit of ₹37.18 crore in the July-September quarter a year ago, Bata India Ltd said in a BSE filing.

1 min

Metros Brands Ltd. Total Revenue from operations up by 47.4% at ₹463.3 Crore

Metro Brands Limited (MBL) is one of the largest Indian footwear specialty retailers and is amongst the aspirational Indian brands in the footwear category, today declared its standalone and consolidated financial results for the quarter and six months ended September 30, 2022.

2 mins

Shoppers Stop declares highest ever Q2 Sales and EBITDA Sales up by 62% @₹1270 Cr

Shoppers Stop Ltd. one of India's leading premier retailers of fashion and beauty brands, today have declared their second quarter results for the quarter ended September 30, 2022, for the fiscal year 2022-23.

2 mins

Walmart India FY22 loss widens to ₹299 crore; revenue up 7% to ₹5,350 crore

Walmart India Pvt Ltd, which operates Best Price Flipkart wholesale stores, has witnessed its loss widening to ₹299.01 crore in FY22 despite its revenue from operations going up, according to financial data accessed by business intelligence platform Tofler.

1 min

Nykaa's Q2 net profit rises to ₹5.19 crore

Beauty and fashion FSN E-Commerce Ventures, which operates under the Nykaa brand, on Tuesday posted a multi-fold increase in consolidated net profit at ₹5.19 crore for the three months ended September.

1 min

Amazon to shut seller firm Appario in a year, renews Frontizo JV for three years

In a joint statement, the two parties said the joint venture has been renewed for three years but Appario will cease to be a seller on both Amazon India and Amazon India Business - the wholesale platform - within a year.

1 min

India's first multi-brand online platform 'D2C Ecommerce' announces its official launch in the country

D2C Ecommerce, India's first multi-brand e-commerce platform, today announced its official launch in the country. The startup has also raised INR 60 Million, in its seed funding round led by industry stalwarts including Ravi Khushwani, Founder of Greensoul Brand & other industry veterans.

2 mins

V-Mart To Acquire Fashion Marketplace LimeRoad In A Distress Sale

As part of the deal, V-Mart would acquire LimeRoad's assets worth about INR 14.61 Cr and assume its current liabilities of INR 36.26 Cr. V-Mart also plans to make a total investment of INR 150 Cr to help the startup scale further and achieve sustained profitability.

2 mins

LFMEAB Show (Bangladesh) to witness a strong IFCOMA participation

IFCOMA is participating in the Eighth edition of Leathertech Bangladesh is taking place from 7th to 9th Dec 2022 at International Convention City, Bashundhara at Dhaka, Bangladesh along with 40 members from all over India.

1 min

INSPIRAMAIS trend research points out paths for the fashion industry

Research that will support the development of materials and inputs for the Brazilian fashion industry is in full swing and the products developed from it will be presented at the next edition of the most important design, innovation and sustainability show for the footwear, clothing, furniture and jewelry sectors in Latin America, INSPIRAMAIS.

1 min

KERING Group revenue: €5,137 million, Up by 23%

A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, as well as Kering Eyewear.

3 mins

Texon's ProWeave technology plays striking role in Umbro's new Velocita Alchemist football boots

ProWeave the revolutionary jacquard weaving technology developed by Texon has been used by global sports brand Umbro to create its new Velocita Alchemist football boots, which are available from today.

1 min

Italian fair generates US$ 4.7 million for Brazilian companies

One of the largest international fairs for the base industry of the footwear sector, Lineapelle/Simac Tanning Tech, is expected to generate more than US$ 4.7 million for the participating Brazilian companies.

1 min

Texon launches its first insole made with 100% recycled content

Texon today launched Ecostrobe, its first insole made with 100% recycled content.

1 min

World Footwear Yearbook 2022

2021: GLOBAL FOOTWEAR MARKET RECOVERS FROM THE PANDEMIC BUT IS STILL FAR FROM AN ALL-TIME HIGH. DESPITE THE RECOVERY, COVID-19 RESTRICTIONS KEPT WORLD PRODUCTION 2 BILLION PAIRS BELOW PRE-PANDEMIC VALUES.

3 mins

Brazilian Exports of footwear components generated US$ 291.8 million

Data prepared by Associação Brasileira das Empresas de Componentes para Couro, Calçados e Artefatos [Brazilian Association of Leather, Footwear and Component Companies] (Assintecal) indicate that, between January and August, exports in the sector generated US$ 291.8 million. The amount is 20% higher than that recorded in the same period of 2021 and has already exceeded the corresponding interval in 2020 by 35%.

2 mins

Job postings at Coles Group Australia soar by 138% YoY in August 2022, finds GlobalData

In contrast to increasing layoffs across all sectors, job postings at Australia-based retailer Coles Group Ltd (Coles) year-on-year (YoY) increased by 138% from 1,002 in August 2021 to 2,386 in August 2022, according to GlobalData, a leading data and analytics company.

1 min

Gap says Russia deliveries stopped in March.But its clothing kept coming

Russian customs records reviewed by Reuters show that between March 11 and July 16, Gap's franchisee in Moscow received 1,585 clothing shipments with a declared value of $5.2 million. More than three-quarters of the deliveries list the supplier as Gap Europe Ltd, a London-based unit of Gap Inc.

1 min

Gap to sell Greater China units to e-commerce firm Baozun

US apparel retailer Gap has agreed to sell its Greater China businesses to Baozun, the e-commerce service provider said on Tuesday, as headwinds persists for global consumer brands in the world’s second-largest economy.

1 min

Malaysia e-commerce market to grow by 19.9% in 2022, estimates GlobalData

The Malaysian e-commerce market is estimated to register a growth of 19.9% to reach MYR38.2 billion ($9.2 billion) in 2022, supported by a rapidly growing shift from offline to online purchasing, says GlobalData, a leading data and analytics company.

1 min

Wholesale Growth Helped Drive Record Q3 Sales for Skechers

Skechers delivered another quarter of record sales on Tuesday, reporting double-digit growth in its wholesale and direct-to-consumer segments.

1 min

WALK A MILE IN CAI SHOES AND LAND STRAIGHT INTO THEIR NEW STORE: CAI'S FIRST-EVER OFFICIAL STORE LAUNCHES IN PHOENIX PALLADIUM, LOWER PAREL

From selling out at their very first small exhibition in 2018 to garnering a massive following on Instagram and launching a collection in collaboration with stylist and film producer Rhea Kapoor, CAI is all set to achieve another milestone - establishing a retail presence with its very first store in Phoenix Palladium.

1 min

Leafy Affair - Mythical, Magical, Memorable And Modern

Pressed Flower Jewellery or Botanical Fashion Jewellery is the newest slow-fashion trend, that has reached the fashionistas of India.

2 mins

And the shoe must go on...EZOK

From manufacturing to retailing the founder of EZOK Shoes, ARVIND BAJAJ knows the importance of drive and determination.

5 mins

AND WANDER & ADIDAS TERREX CELEBRATE THEIR CONNECTION TO NATURE WITH THEIR LATEST COLLAB

Inspired by this innate desire to experience nature and a shared vision, adidas TERREX has teamed up with fashion-forward Japanese outdoor label and wander on a collection that will take hikers from city centre to mountain top (and back again) in style.

9 mins

BAGATT!

AstorMueller Launches its Premium Fashion Shoe Brand in India

6 mins

This Winter Elevate Your Style Quotient

Elevate Your Style Quotient

2 mins

Footwear Retail Industry: India

THE INDIAN RETAIL SCENE There is no doubt that the Indian retail scene is flourishing. Several large corporate houses Tata's, Reliance's, Raheja's, Piramals's and Goenka's have already made their sortie into this dome, with lifestyle products, fashion, beauty and health stores, supermarkets, everyday-low-price stores tec.

10 mins

India's Favourite Family Footwear Destination Store

Trends Footwear is an exclusive fashion footwear destination store with a collection to suit the taste of every Indian. Keeping in sync with the new age consumer fashion needs, Trends Footwear offers a wide range of trendy and fashionable articles for every occasion at accessible prices.

3 mins

"SITAARE AISE HI NAHI BANTE MEHNAT KARNI PADTI HAI AM TO PM"

Liberty Shoes ropse in Ayushmann Khurrana & Rakul Preet Singh as Brand Ambassadors for its athleisure brand LEAP7X

9 mins

Chemical Management System - a clear path to a cleaner and sustainable future for the leather industry

The Indian leather industry holds a prominent place as a leading contributor to the domestic economy as well as in the global leather production landscape.

5 mins

Majority MSME retailers stock 40% more for festive season, prefer invoice financing over COD, data from Solv's festive season survey reveals

Solv's Retailer Trends: Festive Edition 2022' survey measured interesting retailer trends around stocking, adoption of B2B platforms, preferred payment options more

2 mins

VIRTUAL GEAR FOR NEW REALITIES:

Adidas Originals launches inaugural NFT wearables collection

3 mins

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Shoes and Accessories Magazine Description:

S&A continuously presents new concepts, designs, materials and innovation for constant betterment, updates key professionals on business information, consumer behaviour, market studies, industry reports and trade events. For the fashion conscious consumers, it provides information on trends and trend-setting products covering all categories in shoes, bags and fashion accessories.