Global shoe brands make inroads into Punjab

Ludhiana, July 15 (ANI): The growing aspiration for trendy, yet comfortable and durable footwear has fuelled in demand for international high-fashion brands in Punjab.

And for the brands, it is an opportunity to provide the Punjabi consumer with products that have a classic elegance – tasteful luxury, enduring quality and beautiful craftsmanship.

Jimmy Choo, Pavers England, GUCCI, Moschino – just to name a few, the global luxury brands in footwear have already entered the Indian market. few years ago owning a foreign footwear brand meant a trip abroad, a gift from overseas friends/family or at the most an online purchase.

This changed with the permission for 51 per cent FDI in single-brand outlet in early 2006 that allowed foreign footwear brands to enter India. It also strengthened the organized retailing in footwear.

Hitesh Aneja brand head, Shoe Tree, said, “There is a huge potential I would rather see. People are willing to shell out money for a good product. They need styling. They need comfort and if that comes for a price. Why not!”

A majority of global brands are foraying into the Indian market through the franchisee route.

Bullish about the Indian market, Reebok, an International footwear brand, is expanding its reach by joining hands with Franchise India Holdings Limited, an integrated franchise and retail solution provider.

The Indian middle class has more money to spend on quality and designer footwear, and the working class too wants comfortable, durable and trendy shoes that they can wear to work.

“There would be two to three main reasons. First would be definitely the comfort level. You can find out shoes for 1000-1500 rupees but they are not much comfortable and I feel that the leather shoes of these big brands have longer life and longer shine. I am looking for some Italian brand shoes and definitely they give good comfort like sport shoes,” said Bhupender Jeetan, an MNC employee.

The Indian footwear market has recently seen a demand shift from low-priced footwear to medium and high-priced products – and the huge potential that this creates is as yet largely untapped. (ANI)

Iran’s 4 salt mummies placed in vacuum chamber for preservation

Tehran, May 12 (ANI): Iran’s four saltmen, unique salt mummies, have been placed in one of the most advanced display cases in the world, in an attempt to maintain and preserve them.

According to Payvand Iran News, the vacuum chamber in Zanjan, where the mummies have been kept, can precisely control humidity and airflow and is provided with a nitrogen-rich mixture deadly to known bacteria and mold.

Iranian, British, German and Austrian researchers declared air and humidity the main enemies of salt mummies at the 2nd International Seminar on the Archeology and Pathology of Saltmen in October, 2007.

The experts examined the saltmen’s condition to make the final decision on carrying out further studies on the Chehrabad salt mine, where the saltmen were found.

The Chehrabad Salt Mine is located in the Hamzehlou region of Zanjan province in northwestern Iran.

The saltmen, also known as the Iranian salt mummies, were accidentally discovered by miners in 1993.

Three of the saltmen date to the Parthian (247 BCE – 224 CE) and the Sassanid (224 – 651 CE) eras, while all other human remains discovered at the site go back to the Achaemenid Dynasty (550 – 330 BCE).

Artifacts have been discovered alongside the skeletons, including leather shoes, a leather bag, a terracotta lamp and two cow horns, most of which remain intact.

Salt at the mine worked to preserve the artifacts, as well as the internal organs of the salt men themselves.

Fingernails and hair have also been found undamaged, which will enable scientific testing to be carried out that could reveal further clues about these ancient people. (ANI)

Japanese graduates see jobs slip away as recession hits

Tokyo, April 2 (DPA) Tatsuya Kuroishi was kissing the ground to be able to polish his senpai’s, or senior colleague’s, leather shoes Wednesday, his first day on the job, because it meant he had successfully entered the job market during a recession.

At The Columbus Co in Tokyo, new recruits go through a welcoming ceremony, at which the senpai and young recruits take turns polishing each others’ shoes.

‘I am glad I’m finally starting work,’ the 23-year-old college graduate said at the shoe-polish maker, the last of more than 30 companies he applied for.

During his yearlong job hunt, Kuroishi said he felt Japan’s worst recession in the postwar era take hold around autumn. ‘It was going smoothly before then,’ he said.

He saw many of his friends and fellow graduates shocked when their job offers were revoked after Japanese firms started to suffer the effects of the global economic downturn, he said.

According to Health, Labour and Welfare Ministry estimates, 1,845 college and high school graduates had their job offers retracted because of the slowdown. The number of recruits, as a result, plunged for the first time in five years.

Especially when Japan’s exporters such as electronics and car manufacturers are suffering from record losses and production reductions, opportunities for young job seekers have become scarce.

In February, the nation’s industrial production sank to its lowest level in 26 years, down 9.4 percent compared with the previous month.

Demand for Japanese cars, electronics and other exports has dropped drastically because of recessions in the US and Europe and China’s lagging economy.

Large firms like Toyota Motor Corp and Sony Corp have eliminated thousands of jobs as they cut production.

While Sony already plans to slash the number of college graduates it recruits by 48 percent for the next fiscal year, which begins April 1, 2010, Toyota announced it would halve its number.

In the meantime, the government reported that Japan’s unemployment rate hit its worst level in more than three years.

The unemployment rate rose 0.3 percentage points to 4.4 percent in February from the month before, with 2.99 million people left jobless, the Ministry of Internal Affairs and Communications said.

Japanese firms Wednesday also opened the first day of the fiscal year with grim news from the Bank of Japan.

The bank’s Tankan index of manufacturer sentiment hit a record low in March. The survey of large firms dropped to minus 58, the lowest number recorded in the Tankan’s 35-year history. The plummeting confidence pointed to lower spending and investment, job losses and a deepening recession.

The worsening index, especially among exporters such as carmakers and steelmakers, confirmed that Japanese companies are suffering an unprecedented recession, said Takahide Kiuchi, chief economist at Nomura Securities Co.

Be it shoe polishing or pencil sharpening, new recruits like Kuroishi are ecstatic just to go through initiation ceremonies and be employed.

The Health, Labour and Welfare Ministry said that after yearlong job searches, about 86 percent of Japan’s new college graduates had found jobs by Feb 1 while 87.5 percent of all high school graduates had secured work places by January.

Those recruits are made to feel how much responsibility is being placed on their shoulders as their employers speak of their ambitious demands.

‘The real professional can adapt to changes and bring revolution in and outside the company even when the surrounding environment keeps changing,’ the president of the Bank of Tokyo-Mitsubishi UFJ told his recruits at a recent welcoming ceremony.

The president of Japan’s largest telephone company, NTT Communications Corp, demanded his new employees never give up and persistently confront challenges until they prevail.

Graduates following them might have an even tougher time. According to an Organisation for Economic Cooperation and Development forecast, Japan’s economy would contract 6.6 percent this year, a drastic increase from the OECD’s November estimate of a 0.1 percent shrinkage for 2009.

Kiuchi said, however, that before Japan’s economy could recover Japanese firms must adjust their inventories and full-time employees and the overseas economy and global financial conditions must improve.

Japanese graduates see jobs slip away as recession hits

Tokyo, April 2 (DPA) Tatsuya Kuroishi was kissing the ground to be able to polish his senpai’s, or senior colleague’s, leather shoes Wednesday, his first day on the job, because it meant he had successfully entered the job market during a recession.

At The Columbus Co in Tokyo, new recruits go through a welcoming ceremony, at which the senpai and young recruits take turns polishing each others’ shoes.

‘I am glad I’m finally starting work,’ the 23-year-old college graduate said at the shoe-polish maker, the last of more than 30 companies he applied for.

During his yearlong job hunt, Kuroishi said he felt Japan’s worst recession in the postwar era take hold around autumn. ‘It was going smoothly before then,’ he said.

He saw many of his friends and fellow graduates shocked when their job offers were revoked after Japanese firms started to suffer the effects of the global economic downturn, he said.

According to Health, Labour and Welfare Ministry estimates, 1,845 college and high school graduates had their job offers retracted because of the slowdown. The number of recruits, as a result, plunged for the first time in five years.

Especially when Japan’s exporters such as electronics and car manufacturers are suffering from record losses and production reductions, opportunities for young job seekers have become scarce.

In February, the nation’s industrial production sank to its lowest level in 26 years, down 9.4 percent compared with the previous month.

Demand for Japanese cars, electronics and other exports has dropped drastically because of recessions in the US and Europe and China’s lagging economy.

Large firms like Toyota Motor Corp and Sony Corp have eliminated thousands of jobs as they cut production.

While Sony already plans to slash the number of college graduates it recruits by 48 percent for the next fiscal year, which begins April 1, 2010, Toyota announced it would halve its number.

In the meantime, the government reported that Japan’s unemployment rate hit its worst level in more than three years.

The unemployment rate rose 0.3 percentage points to 4.4 percent in February from the month before, with 2.99 million people left jobless, the Ministry of Internal Affairs and Communications said.

Japanese firms Wednesday also opened the first day of the fiscal year with grim news from the Bank of Japan.

The bank’s Tankan index of manufacturer sentiment hit a record low in March. The survey of large firms dropped to minus 58, the lowest number recorded in the Tankan’s 35-year history. The plummeting confidence pointed to lower spending and investment, job losses and a deepening recession.

The worsening index, especially among exporters such as carmakers and steelmakers, confirmed that Japanese companies are suffering an unprecedented recession, said Takahide Kiuchi, chief economist at Nomura Securities Co.

Be it shoe polishing or pencil sharpening, new recruits like Kuroishi are ecstatic just to go through initiation ceremonies and be employed.

The Health, Labour and Welfare Ministry said that after yearlong job searches, about 86 percent of Japan’s new college graduates had found jobs by Feb 1 while 87.5 percent of all high school graduates had secured work places by January.

Those recruits are made to feel how much responsibility is being placed on their shoulders as their employers speak of their ambitious demands.

‘The real professional can adapt to changes and bring revolution in and outside the company even when the surrounding environment keeps changing,’ the president of the Bank of Tokyo-Mitsubishi UFJ told his recruits at a recent welcoming ceremony.

The president of Japan’s largest telephone company, NTT Communications Corp, demanded his new employees never give up and persistently confront challenges until they prevail.

Graduates following them might have an even tougher time. According to an Organisation for Economic Cooperation and Development forecast, Japan’s economy would contract 6.6 percent this year, a drastic increase from the OECD’s November estimate of a 0.1 percent shrinkage for 2009.

Kiuchi said, however, that before Japan’s economy could recover Japanese firms must adjust their inventories and full-time employees and the overseas economy and global financial conditions must improve.

Scrawny Posh’s ‘tendon poking neck’

London, March 14 (ANI): Victoria Beckham has put many minds at work after being spotted looking a little bony.

The former Spice Girl allegedly had her muscles protruding out of her neck as she stepped out of London’s Claridge’s hotel.

The fashion icon was seen sporting a chic navy outfit and cap that was drawn to a close with strange goat leather shoes, reports the Sun.

The 34-year-old designer maintained her balance on the five-inch Louis Vuitton heels that were roofed in buttons.

The mum-of-three had jetted to the capital for reported business meetings after catching up with soccer-ace hubby David in Milan. (ANI)