NEWS
Preview: 77th edition Expo Riva Schuh at Riva del Garda 14 - 17 January 2012 An international event attentive to dealer needs
Expo Riva Schuh, the international event
dedicated to the volume footwear sector, will be held from 14-17 January 2012 at Riva del Garda. The 77th edition will host more than 1200 exhibitors including over 800 from overseas, across an exhibition area of over 32,000 m2. An estimated 11,000 visitors from more than
100 countries are expected to attend, including industry dealers and international buyers. Expo Riva Schuh provides the first view of the
2012-13 autumn/winter collections, it is also an event which offers a wide selection of collections
and restocking options for the spring/summer 2012 season. So, within a single event, dealers can get a preview of future seasons as well as purchases for the current season based on real- time market feedback. This represents a strategic advantage; especially in today’s difficult economic situation which requires keeping purchasing decision errors to a minimum. In 2010, an innovative research project
analysed the phenomenon of fast production in the footwear industry. It showed the emergence of a new mode of collection production and
Indian shoe retailing is set to open up to FDI
India’s retailers are bracing themselves for a shakeup, after their
government finally approved foreign direct investment (FDI) in retailing last week – a decisive move that could help to develop a more diversified and organized shoe retailing market in India. The country’s thousands of owners of tiny independent stores were hitherto protected by restrictions dictating that foreign investors could have maximum stakes of only 49% in multi-brand stores and 51% in single-brand stores. Several foreign retailers moved into India on a cash and-carry basis, for which the rules already permitted foreign ownership. After many years of dithering, the Indian government’s reform allows for FDI at 51% in multi- brand stores and at 100% in mono-brand stores, making such investments much more enticing. However, the reform was accompanied by a set of conditions. In multibrand retailing, foreign entrants will have to invest at least $100 million, and at least half of their entire FDI will have to go to back-end infrastructure. At least 30% of the manufactured and processed products offered in
the stores will have to come from small local industry. Furthermore, foreign-owned multi-brand stores will be allowed to open only in cities with more than 1 million people, which applies to 53 cities based on this year’s census. When it comes to mono-brand retailing,full foreign ownership will be allowed only if the products sold in the store are of a single brand, and this brand is the same as the name used in international markets. Again, the retailer would have to source at least 30% of the products from small local industry.
Cherry Blossom Sponsor Best Men’s Brand “We are delighted to be able to lend our support to this initiative.
It is fitting that the trade should recognise outstanding performances and contributions.
“Successful brands are the bedrock of the industry – they provide
customers with confidence and, more often than not, are responsible for the R & D that produce the innovations that are so vital to the future of the industry.
“At Cherry Blossom we have always made a point of investing in building
the brand and we think it particularly appropriate for us to sponsor the award for the Best Male Footwear Brand.” David Watkins, Sales Director of Cherry Blossom
Moda Footwear welcomes Annual Footwear Industry Awards “Moda Footwear is delighted to have The Footwear Awards coincide with
our exhibition. This further enhances our show as the essential destination for UK footwear retailers. We look forward to what will be a fantastic networking event for the footwear industry at the national footwear show.” Sean OConnor, Event Director Moda Footwear
http://footwearindustryawards.pressflex.com/ Manas signs its first license with Coccinelle Both Manas and Coccinelle are family- owned companies, specializing in
shoes and handbags, respectively, and both of them have most of their products manufactured in Italy. Each one has an annual turnover of around ¤50 million. After looking at other possible licensing opportunities, Manas, the shoe company run by Cleto Sagripanti, a young manager who was elected president of the Italian shoe industry association (Anci), has decided to work first with Coccinelle, and to do the job well before considering any
6 • FOOTWEAR TODAY • JANUARY 2012
other licenses. Manas’ three-year renewable license agreement with Coccinelle will start with the fall/winter 2012 collection. Manas currently produces about 1.5 million pairs of shoes per year, working
mostly with other workshops in the Marche region. It has showrooms in Milan, Barcelona, Chicago, Marseille, New York, Brussels, Amsterdam, Paris, Monaco, Stockholm and Moscow. It manages 19 single-brand stores and sells its products in more than 3,000 stores around the world.
www.footweartoday.co.uk
distribution with timetables which differed radically from the norm. The data collected highlighted how companies tend to design and produce in an ever more continuous cycle, including an overlap between the summer and winter collections. In response to this quick production and
restocking phenomenon trend, a series of practical initiatives tailored to that specific market segment has been created: among these is the creation of a “short list” of fast producers provided to all event visitors.
Annual Footwear Industry Awards – More comments from our sponsors
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