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US Footwear Imports Up 26.4% By means of July Regardless of Slowing Progress – Sourcing Journal

As manufacturers and retailers equipped for the back-to-school season, U.S. footwear imports have been up a year-to-date 26.4 p.c via July in comparison with the identical interval in 2021, to 1.58 billion pairs, in response to new information from the Commerce Division’s Workplace of Textiles & Attire (OTEXA).

This was a slight slowdown from the 27.4 p.c first-half tempo of imports OTEXA reported, as retailers and distributors take care of excessive stock points and a slowdown in client demand.

Genesco, for instance, noticed second-quarter internet gross sales dip 4 p.c to $535.3 million, which the retailer attributed largely to a tough summer season for Journeys, the place gross sales fell 7 p.c to $321.3 million. The corporate revised its steerage downward for its fiscal 12 months, with gross sales now anticipated to be down 3 p.c to flat—a spread of roughly $2.35 billion to $2.41 billion—whereas prior firm steerage projected gross sales as growing 1 p.c to three p.c to $2.45 billion to $2.49 billion.

OTEXA information confirmed the No.1 provider China’s imports within the first seven months of the 12 months rose 27 p.c in comparison with final 12 months to 913.05 million pairs, barely behind the 28.8 p.c first-half achieve. This got here amid continued tariffs on Chinese language items and ongoing calls to repeal them.

Final week, organizations together with the Retail Litigation Middle, Nationwide Retail Federation, American Attire & Footwear Affiliation and Footwear Distributors and Retailers of America collectively urged the US Court docket of Worldwide Commerce to finish the Part 301 tariffs towards items produced in China.

The coalition criticized the U.S. Commerce Consultant’s (USTR) “inadequate response” to tariff feedback submitted by business teams. Earlier this month, USTR confirmed that representatives of home industries benefiting from the tariff actions within the Part 301 investigation of “China’s Acts, Insurance policies and Practices Associated to Expertise Switch, Mental Property and Innovation” wish to hold the punitive duties in place.

USTR stated accordingly, as required by statute, the tariffs didn’t expire on their four-year anniversary dates and the workplace will proceed with the following steps as supplied within the statute.

from No. 2 provider Vietnam elevated 12.5 p.c 12 months up to now via July to 373.83 million pairs. This was an uptick from the 11.9 p.c achieve the nation had within the first half, in response to OTEXA.

China and Vietnam mixed for a U.S. import share of 81.6 p.c within the interval. The following closest manufacturing spot for American manufacturers and retailers was Indonesia, which noticed its shipments bounce 51.8 p.c to 115.26 million pairs. Strong positive aspects have been additionally posted by Cambodia, up 54.8 p.c to 49.48 million pairs, and India, growing 51.3 p.c to 24.6 million pairs.

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