1.53%
Wednesday, July 17, 2019
Volume 2, Issue No. 13

In The News
Deckers Brands-owned Teva; Italian footwear

Deckers Brands-owned Teva has released a collection of kids and toddler sandals tied to its collaboration with the 50th anniversary of “The Very Hungry Caterpillar” by Eric Carle. Retailing between $50 and $70, the collection merges the brand’s popular Hurricane XLT2 and Ember-Mac styles with the bold colors seen in Carle’s book.

Italian footwear should get a positive boost from a trade agreement, nearly two decades in the making, that has been struck between the European Union and the Mercosur countries in South America (Argentina, Brazil, Paraguay and Uruguay). The deal will eliminate duties (now 35 percent on all styles) on all imports of Italian-made footwear into the four countries sometime over the next few years. In the decade from 2008, Italian-made shoe imports into the markets grew 58 percent in volume and 85 percent in value, according to the Confindustria Moda Research Centre. In 2018, the Mercosur region imported 303,000 pairs of shoes made in Italy.