Bags / Shoes & Accessories

A few days ago, according to the results of a survey by the US Bureau of Labor Statistics, the price of sports shoes has risen in the past year. In September of this year, the overall consumption of American residents increased by 5.4% year-on-year, of which the price of footwear increased by 6.5%; according to different footwear categories, men's shoes increased by 5.5% year-on-year, women's shoes increased by 4.9% year-on-year, and children's shoes increased year-on-year 11.9%. At the same time, the rise in the price of footwear in the United States is not only in September, which increased by 4.6% year-on-year in July this year and 5.1% year-on-year in August.

Regarding the continued increase in the price of footwear in the United States this year, American footwear distributors said that one of the reasons for the continuous increase in sports shoe prices is job vacancies; it is reported that in August this year, the number of employees resigned sharply increased, and the salary of employees was increased to US$22.27 per hour; another reason is that import costs and tariffs are also rising this year.

It is understood that in August, the total cost of imported footwear in the United States rose to 146.3 million U.S. dollars, a double-digit or even triple-digit year-on-year increase for the seventh consecutive year; of course, the same is that the export tariffs on footwear have also risen to double digits. In August, the export tariff on footwear was US$320.6 million, a record high.

In addition, the rise in the price of footwear in the United States is also related to the suspension of shoe factories in Vietnam this year. Affected by the epidemic, Vietnam factories have been shut down for more than 2 months, labor shortages, and supply chains are interrupted. At present, more than 100 million pairs of shoes cannot be delivered. .

All in all, the superposition of multiple factors, the increase in import and export costs of shoe products, such as transportation, tariffs, and so on, naturally lead to rising shoe prices.