All U.S. articles
-
News briefs
Birkenstock opens a store in Miami
Birkenstock has opened its fifth store in the U.S. in Miami. “Deepening our retail footprint is an important pillar of our long-term growth strategy. We currently have 47 shops around the world. In the U.S., for example, we have some 6,600 doors, but run only five own stores. So there’s ...
-
News briefs
Brazilian footwear exports rise in volume in October
In the first ten months of 2023, Brazilian footwear exports totaled 102.5 million, down by 14 percent year-over-year in volume, and generating about $1 billion in revenues, down by 8.8 percent in value. Compared to the first ten months of 2019, prior to the impact of Covid-19, exports were up ...
-
News briefs
U.S. retail rents at highest level in a decade
Asking rents for retail space in the U.S. are at their highest in at least a decade, averaging more than $23 a square foot, according to CBRE. The Wall Street Journal reports that the increase is largely the result of a drop in retail construction since the 2008-09 financial crisis, ...
-
ArticleU.S. footwear imports to plunge in 2023 due to bloated inventories
U.S. footwear imports are likely to plummet to below 2.0 billion pairs this year after a nearly 30 percent growth in 2022 to nearly 2.75 billion pairs, according to data from the U.S. International Trade Commission and a forecast from the The Footwear Distributors & Retailers of America (FDRA). Correspondingly, ...
-
ArticleShein is about to roll out its market place in Germany, Spain, France, Italy
Shein, the Singapore-based fast-fashion online retailer, announced that it is expanding its marketplace to Mexico, and that launches in Germany, Spain, France and Italy “will soon follow suit.” The marketplace was previously rolled out in Brazil and the U.S. Shein noted that the local marketplaces offer products from third parties ...
-
News briefs
Covid-19 disruption cost U.S. apparel, footwear industry $9-17bn in 2022
Supply disruptions caused by the Covid-19 pandemic cost the U.S. apparel and footwear sectors, which are heavily dependent on foreign supply chains, between $9 billion and $17 billion in 2022, according to the ”Recent Trends in U.S. Services Trade: 2023 Annual Report” released by the U.S. International Trade Commission.
-
ArticleList prices for sneakers up 6.5% this year in U.S.
The average list price of sneakers in the U.S. at least seems to be higher than ever. What is certain, according to the latest edition of the USA Sneaker Market Index, is that said average list price has reached its highest point since the start of 2020, rising 14 percent. ...
-
News briefs
U.S. luxury spend continued to fall in April
Luxury spending in the U.S. continued to decline in April, with the lower end particularly hit, Citi said, citing its credit-card data. Spending on luxury goods in the country dropped by 18 percent year-over-year in April, the same pace as in March. ”Whether European local demand will follow the same ...
-
ArticleU.S., Italy introduce Covid tests for travelers from China
The U.S. and Italy are introducing Covid-19 tests for travelers coming from China. The U.S. Centers for Disease Control and Prevention (CDC) said that from Jan. 5 all air passengers two years and older will be required to get a test no more than two days before their departure from ...
-
News briefs
U.S. retail sales up 7.6% during holiday period
In the period running from Nov. 1 to Dec. 24, U.S. retail sales rose by 7.6 percent year-on-year, according to the Mastercard SpendingPulse survey that measures in-store and online retail sales across all form of payment, not adjusted for inflation. Spending on apparel grew by 4.4 percent. “This holiday retail ...
-
News briefs
Price growth in footwear is slowing down in the U.S.
In September, retail prices for footwear grew by 3.9 percent year-on-year in the U.S., the weakest increase in 18 months, according to Footwear Distributors and Retailers of America (FDRA). Meanwhile, overall inflation reached 8.2 percent in the country. Prices rose by 4.8 percent for women’s shoes, by 3.5 percent for ...
-
News briefs
Most Americans to spend more on shoes during back-to-school season
A survey carried out by the Footwear Distributors and Retailers of America (FDRA) and First Insight showed that 78 percent of American families plan to spend more or the same as last year on children’s shoes during the back-to-shool season. According to a survey of 691 households with children attending ...
-
ArticleNearly half of U.S. shoppers to spend less on shoes
A survey released by the Footwear Distributors and Retailers of America (FDRA) indicated that 48 percent of U.S. consumers plan to spend less on shoes this spring than last year and that 49 percent of shoppers are putting off footwear purchases because of inflation. In March, footwear prices rose by ...
-
News briefs
US footwear sales exceed $100bn in 2021
Footwear sales in the U.S. rose by 29.8 percent in 2021 to a record $100.7 billion, according to the trade association Footwear Distributers and Retailers of America (FDRA), which claims to represent 95 percent of all U.S. shoe companies. It noted that the record was helped by a 20.5 percent ...
-
ArticleEurope, U.S. reach a deal defusing their trade dispute
The U.K., France, Italy, Spain, Austria and the U.S. have reached an agreement under which the European countries will drop their national digital services taxes as they prepare to implement a new global corporate tax defined through the Organisation for Economic Co-operation and Development (OECD). A two-year transition period for ...
-
News briefs
U.S. reportedly asked European countries to delay digital tax
The U.S. has asked several European countries to delay the implementation of the digital services tax, which will serve to fund part of the European Union’s multi-billion dollar recovery plan, the news agency AFP reported citing a U.S. document. In the document, the U.S. noted that approval of the ...
-
News briefs
U.S. customs is withholding cotton and tomato products from Xinjiang
The U.S. government is increasing its pressure on Chinese interests and authorities to stop engaging in labor practices that violate basic human rights. The U.S. Customs and Border Protection (CBP) agency has issued a third Withhold Release Order (WRO) for cotton products and tomato products produced in Xinjiang, ...
-
News briefs
Record Cyber Monday in the U.S.
Online shopping in the U.S. reached $10.8 billion on Cyber Monday, according to Adobe Analytics . It was a 15.1 percent increase on the previous year and a daily record for online shopping in the country. Online shopping reached $5.1 billion on Thanksgiving and $9.0 billion on Black Friday, ...
-
ArticleU.S. footwear market showing signs of stabilization
The U.S. footwear industry suffered sharp sales declines in 2020 due to lifestyle changes and shifts in consumer behavior due to the Covid-19 pandemic, but trends are expected to stabilize and recover through 2021, according to NPD’s Future of Footwear report. The fashion category, which has been hit the hardest ...
-
ArticleVietnam promotes footwear exports to U.S. as its industry suffers
For the first time, an interactive video conference was held in Washington D.C. on May 27 to connect Vietnamese footwear manufacturers and U.S. distributors and retailers.The initiative comes as the Asian’s footwear industry is suffering severely from the drop in demand stemming from the Covid-19 pandemic. The conference entitled ...
