Footwear and Accessories: Investing in New Stores

Nine West, a chain of U.S. stores, opened two branches in the metropolitan area of Guatemala, where it will sell shoes, bags and other feminine accessories.

Tuesday, October 29, 2019 reviews that "... The two locations with which it returns to our country are in Miraflores and in Pradera Concepción, where it has at the disposal of its clients the autumn-winter collection, offering backpacks, high heels, slippers, bags, boots and purses."

You may be interested in "Footwear Market Figures up to March 2019

The company returns to the country, for three years ago decided to close its operations in the Guatemalan market.

According to reports from CentralAmericaData, during the first quarter of 2019 the main buyer of footwear and its parts in Central America was Panama, with $47 million, followed by Guatemala, with $38 million, Costa Rica, with $27 million, Honduras, with $22 million, El Salvador, with $20 million and Nicaragua, with $10 million.

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More on this topic

Sports Footwear: Importation decreased 3%

April 2019

Between January and September 2017 and the same period in 2018, the value of imported sports footwear in Central American countries fell from $41.1 million to $39.8 million.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]

Payless Plans Investments in the Region

March 2019

Although in the U.S. the chain has closed more than 2,000 stores in recent years, representatives of the company dedicated to the marketing of footwear plan to expand its market in Central America.

According to representatives of the chain of stores, during 2018 in Guatemala opened two stores in the capital, one in Quetzaltenango, another in Cobán and one more point of sale in Chiquimulilla.

Payless Closes 398 Stores in the US

April 2017

The chain Payless ShoeSource has filed for bankruptcy and announced a plan to restructure its operations, which will not affect those it has in Central America.

The popular low-cost footwear chain announced on April 4 that it filed a voluntary reorganization petition in accordance with Chapter 11 of the US Federal Bankruptcy Code, "to facilitate the financial and operational restructuring necessary to strengthen its balance sheet and position the Company for long-term success."

GAP Comes to Panama

February 2012

The GAP clothing chain will open its first store in Panama in late February.

This opening in the new phase of Albrook Mall, marks the start of expansion into Central America and the Caribbean.

The company plans to open two more stores this year in Panama, one in Metromall and one in Multiplaza.

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