Tariff concerns slow footwear shipments in March - footwearbiz: Leadin

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Tariff concerns slow footwear shipments in March

17/04/2025
Amid anticipation of broad tariff hikes and subsequent pricing adjustments, shipment growth for major athletic footwear manufacturers in Asia slowed in March 2025, following strong gains in February.

Major Taiwanese outsource athletic footwear manufacturer Feng Tay Enterprises, a key Nike supplier, reported a 1.5% year-on-year revenue decline in March to NT$7.14 billion (approximately $217.5 million USD). This followed an 11.4% increase in February to NT$6.63 billion (around $202.1 million USD). Year-to-date revenues edged up 0.5% to NT$20.7 billion (about $630.8 million USD).

Yue Yuen Manufacturing, a major producer for global athletic and outdoor brands, saw March manufacturing revenue rise 3.5%, down from February's 14.9% gain. Total net consolidated operating revenue for March dipped 0.7% year-on-year to $657.7 million, with growth in manufacturing offset by continued weakness in its Pou Chen retail business in China.

Both companies' March results reflect the effects of upcoming tariff changes and difficult year-over-year comparisons.

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