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This is an archive article published on July 18, 2011

Reinvent or Perish

Italy’s popular trade fair for leather footwear and accessories comes to India for the first time, bringing 100 new companies to contend with.

Ten days from now,the first ever Expo Riva Schuh Fair will result in an exceptional number of footfalls at Delhi’s Pragati Maidan. Footfall is a curiously apt term here,as Expo Riva is marketed as “Italy’s most-known trade fair for leather footwear and accessories”. Can shoe buffs like us troop into the fair and buy a lime green wedge shoe with purple straps,or find that dream bag for our best friend’s wedding? No,folks. It is a B2B platform,that doesn’t care for imaginary Cinderellas waiting for their glass slipper. Instead,it will open the Indian market to the largest flood of shoe and leather manufacturers from all over the world. If things go as they do in smiling economies like ours,this could change the ground reality forever for local shoe retailers,creators,wholesellers and designers.

Decode that jargon and all it means is that all existing shoe companies,Indian or not,from Bata to Florsheim,Red Tape to Woodlands,or the now available Clarke’s will be fuelled with further competition from newer players. The endgame will benefit customers. Variety,pricing,design,trendiness,quality,durability and value for money — everything that influences premium shoe and leather goods may need to revamp to swim in the new environment. In the words of Roney Simon,MD,Italian Exposition Pvt Ltd (IEPL) and Director of FICCI,Italy,“The Indian shoe market will never be the same again.”

Facts support this heady statement. More than 200 Indian and international exhibitors will be present here,including from countries like Thailand,Bangladesh and Pakistan. Forty out of these are expected to be from Italy. Some of them are coveted names: Giovanni Fabiani,Loriblu,Manas,Massimo Santini. The organisers of Expo Riva claim that it is the most selling shoe fair in the world. “Within a month of being opened out to trade bookings,it was sold out. Now,next year’s bookings are on; it is a very serious meeting point for leather companies,” says Simon. The organisers weren’t obviously just deriving a high from counting the numbers. But,a research team came to India months ago to explore the realities and price points of the shoe market in Punjab and other states where the largest local retailers are based.

Amol Dhillon,Vice President Strategy of Woodlands agrees that more competition will enhance the shoe buying experience for Indian customers. Woodlands is not an Indian-origin company,yet it does have a strong and well-established retail arm in India. Change of winds would affect its marketing strategies,too. “Constant and repeated re-strategising is a market reality in any case,” says Dhillon,who doesn’t sound anxious about the spate of new manufacturers that Expo Riva will wash up at our shores.

While this is the first time that Expo Riva is physically holding court in India,it is also a fact that every year,the Indian community of manufacturers and retailers participating in this trade fair abroad has been the largest contingent. A simple deduction indicates that Indian shoe traders have already been influencing global trends. Why then,must anything change back here? “Because 75 of the world’s top leather and shoe brands are still unavailable in India,” says Simon adding that they “will have to reinvent or perish.”

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