U.S. footwear imports fell by one percent to $19 billion in the first nine months of 2017 from $19.3 billion in the year-earlier period, according to the most recent import data from the U.S. Department of Commerce.
Although China maintained its position as largest supplier of U.S. footwear, at 56.5% of total, it lost 2.5 percentage points of U.S. footwear import share in the past year, as shipments fell by 5.2% to $10.8 billion.
Year-to-date imports from Vietnam have grown by 12.4%, increasing that country’s share from 18.8% of U.S. imports to 21.3%.
Footwear imports from Indonesia grew by 6.3%, bringing the total from that country to more than $1 billion dollars and 5.9% of the total.
Italy is the United States’ fourth largest trading partner in shoes, as well as the priciest. The average pair of imported Italian shoes carried a value of almost $74, more than nine times the value of a pair from China.
The Dominican Republic saw its footwear shipments to the U.S. fall by 30 percent, the most of any top 10 trading partner.
The British apparel retailer is the latest company to be prosecuted under the False Claims Act for skirting applicable customs duties.Read more
Walmart is rolling out new apparel brands across categories to shore up its position against Amazon as its sales in the sector continues to grow.Read more
Apparel companies historically have struggled with ethics and compliance, especially in sourcing and supply chain operations.Read more
VF Corp. said it will reinvest roughly $100 million back into its business to make it more agile and consumer focused, even while dealing with implications of the new Tax Act on its multinational operations.Read more
There are many ways to create newness in footwear, and new brands—including some familiar names—introduced new collections and novel business models at FN Platform this week.Read more