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 […]
The cost of cowboy boots could be increasing at Boot Barn. Durango Boot Barn is continuing to see success as a western boot destination retailer in its most recent quarter. According to interim chief executive officer John Hazen, the Irvine, Calif.-based footwear company’s Q3 sales were led by the combined ladies’ western boots and apparel […]
Getty Images After a busy market week in New York and a packed earnings season, tariffs have emerged as the hottest topic dominating conversations in the shoe industry. Ninety-nine percent of the shoes sold in the United States are imported from primarily China, Vietnam and Indonesia, regions that could be subject to potential tariff changes under Donald […]