Slipping Consumer Confidence Could Slow Shoe Sales Sooner Than Later
Consumers are concerned about tariffs and they are less confident than they were last month — that does not bode well for footwear sales. “Consumer confidence weakened in June, erasing…
Bridal Executives to Travel to D.C. to Seek Exemption From Tariffs
After members of the bridal industry first appealed to President Donald Trump’s administration to consider an exemption from tariff increases in April, some executives are now traveling to Washington, D.C.,…
Footwear Firms Rejiggering Supply Chains Will See Long Term Benefits
The threat of higher tariffs may have provided firms with an unintended benefit as they took charge of rethinking their supply chains. That’s because U.S. President Donald Trump’s return to…
May Swiss Watch Exports Slump After U.S. Tariff-led Surge
PARIS – The pendulum has swung back for Swiss watch exports in May after April’s surge fueled by U.S. tariff concerns. Shipments of wristwatches fell 9.7 percent, coming just shy…
Turnaround Will Take More Time
Nike Inc.’s turnaround might take a bit longer than originally thought. Needham & Co. analyst Tom Nikic is a long-term bull of nike following changes in the company’s leadership and…
AAFA CEO Talks Smoot-Hawley Tariff Act Anniversary, Back-to-School
As America marks the anniversary of the Smoot-Hawley Tariff Act of 1930 on June 17, American Apparel & Footwear Association president and chief executive officer Steve Lamar is worried the…
China Shoe Production Costs Were Rising Even Before Trump’s Tariffs
Ten years ago, when Footwear News turned 70, the production shift away from China was underway. “China’s escalating commodity prices and wages, as well as environmental concerns and shipping headaches”…
RH Mitigates Tariff Impact, Sees Growth Despite Economic Challenges
MILAN — RH shares are still recovering from the “Liberation Day” duties announced by President Donald Trump on April 2. Since then, the firm has shifted sourcing out of China…
What a 55 Percent Tariff on Chinese Imports Means for Shoe Firms
In another twist and turn in President Donald Trump’s trade war, the U.S. and China have revealed the framework for a new deal that would see much lower-than-expected tariffs —…
Designer Brands CEO Is Reviewing Pricing, Sourcing as Tariffs Linger
DSW parent company Designer Brands Inc. is evolving its approach after missing revenue estimates in the first quarter of fiscal 2025. On the company’s earnings call on Tuesday, chief executive…
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