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.
Companies sourcing in Mexico will very soon be facing labor costs that are 10 percent higher.Read more
The North American Free Trade Negotiations have turned into a blame game about which party is doing the most to damage the deal. Needless to say, little progress seems to have been made at the fifth round of negotiations that wrapped in Mexico City Tuesday.Read more
These retail technology startups are enabling retailers to boost operational efficiency and improve consumer purchasing journeys on multiple channels.Read more
Neiman Marcus revenue up on e-commerce initiatives and women's, Burlington income surges on strong assortment and off-price model, Madewell boosts J Crew's top line and Free People leads Urban Outfitters.Read more
FDRA data revealed that footwear consumers may be shopping more in stores for the holidays.Read more
Price may be king but convenience governs much of the way traditional retailers are thinking about their customers today.Read more