News from World

tag: retailers

07 September 2022

FDRA (Footwear Distributors and Retailers of America) expectations for the reduction of tariffs on Chinese products are not fulfilled

US. companies have paid more than $150 billion in Trump tariffs on China-made goods since the Section 301duties first went into effect four years ago, according to trade statistics from U.S. Customs and Border Protection (CBP). What the Biden administration will do about duties is up for debate. [America’s Paying $140-Million-a-Day Tariff Bill – SJ]

01 August 2022

Iran Retail Show: local fashion stores fill the vacuum left by international labels

Over the past decade, international sanctions against Iran have impacted Iran in many ways on Iran's fashion and retail businesses. According to @BoF, despite sanctions and other challenges such as rising costs, the number of Iranian clothing retail branches across the country has risen sharply over the last decade, filling the gap left by international labels. [Iranian Fashion Retailers Pursue Growth Amid Sanctions – BoF]

28 July 2022

For Western footwear retailers, the Russian market was worth €911 million until 2021

@PublicationsEdm's Shoe Intelligence news outlet estimates that the withdrawal of Western brands has generated huge opportunities for Russian companies to insert their own products or reintroduce Western labels through parallel imports. [How the exodus out of Russia is creating opportunities for locals

13 May 2022

Inflation: in April in the US footwear prices +4.7%

Footwear +4.7% in April compared to last year, according to information from FDRA, also reported by FN. Men's footwear increased by +2.5%, women's +6.4% and childhood +5.0%. Footwear prices have increased by 6.1% year-to-date compared to the first four months of 2021. The tariffs have greatly contributed to the rise in shoe prices, and the FDRA believes footwear will increase at the fastest pace in decades.

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