First-line US shoe brand will increase prices across the board

US Department of Labor data shows that in the past 17 years, US consumer apparel prices have declined in 13 years. However, retailers and manufacturers warned that new prices for American brands such as "Nike" sneakers, Ugg boots, and A&F apparel will rise this fall.

The U.S. Apparel and Footwear Federation estimates that the prices of imported clothing and footwear this season will increase by 4% to 6% year-on-year. Kevin Burke, president of the association, said that the days of clothing and hosiery products are relatively lower than the prices of other retail products.

One of the reasons is that, on the one hand, the price of cotton has risen. On the other hand, factors such as rising labor costs and transportation costs in China's foundry factories and the rise in the value of *** have caused manufacturers and retailers to raise prices.

According to the US Department of Commerce, China provides 78% of imported footwear, 71% of ties, 55% of gloves, about 50% of ladies and baby clothes, and 90% of household slippers.

Bernard Leffel, chief executive of SG Footwear Company, believes that in the past, US retailers’ pressure on Chinese manufacturers to reduce prices has now “turned upside down”, and in the end, “US consumers will pay for this”.