Crocs shoes on display inside a Crocs store in Milpitas, Calif., on May 7, 2024. While Crocs Inc. CEO Andrew Rees sees pricing as a potential lever to mitigate against tariff impacts, he said Vietnam remains a big concern. “Depending on the level of incremental costs that may come from tariffs and other factors, we […]
The Merrell SpeedARC Surge Boa sneaker. Wolverine Worldwide is not waiting around for President Trump to resolve his ongoing trade war with China. In the company’s first quarter 2025 earnings call on Thursday, president and chief executive officer of Wolverine Worldwide Chris Hufnagel told analysts that he is “optimistic” amid the ongoing tariff dispute since […]
A Columbia Sportswear store. Budrul Chukrut/SOPA Images via Getty Images Columbia Sportswear has a 2025 game plan in place against the backdrop of tariff increases, but 2026 is the big question mark. “Our industry has never faced a period where the rules and regulations around trade with the United States are simply unknown and unknowable,” […]
Nike Inc. is one of many footwear firms that signed a letter asking for an exemption for footwear from tariffs under the Trump administration. Lauren DeCicca/Getty Images The footwear industry is making sure its voice is heard in Washington. The Footwear Distributors and Retailers of America (FDRA), along with more than 80 leading U.S. footwear […]
Inside the Skechers store in Brussels. Courtesy of Skechers Skechers executives are looking back at their COVID playbook for some answers on how to navigate the tariff turmoil taking over the industry. In its first quarter earnings call on Thursday, Skechers chief financial officer John Vandemore told analysts that the company — which reported robust […]
Consumers are stocking up on their discretionary needs ahead of expected price increases due to tariffs. Andreas Arnold/picture alliance via Getty Images Worried about shoe prices going up in the wake of tariff increases, consumers are stockpiling goods including their footwear. For the week ended April 13, footfall at shoe stores saw a robust 4.03 […]
A shoe from Ferragamo. Courtesy of Ferragamo After weeks of whiplash on whether U.S. trading partners would be hit with additional import duties, the picture seems to be clearer – for now. As of Wednesday, President Donald Trump reversed part of his plan to impose reciprocal tariffs on U.S. trading partners. Now, the president has […]
A Nike store in Ho Chi Minh City, Vietnam. Thanh Hue / Getty Images Vietnamese officials are scrambling to reach a truce with President Donald Trump ahead of the April 9 rollout of staggering double-digit duties on exports to the U.S. market—and the president has indicated he’s willing to play ball. Following Trump’s reciprocal tariffs […]
US President Donald Trump delivers remarks on reciprocal tariffs. AFP via Getty Images President Trump’s escalation on Wednesday with the announcement of sweeping reciprocal tariffs have sparked a lot of questions and concerns among the footwear industry. One of these questions that are top of mind for many is: how realistic is it to bring […]
Tariffs are a growing concern among the footwear industry. Getty Images Crocs is the latest footwear company gearing up for more tariffs this year. On its fourth quarter 2024 earnings call on Thursday, Andrew Rees, chief executive officer of Crocs Inc, told analysts that the company is embedding an additional 10 percent tariff on goods […]