Leather costs could force shoe prices up
13/06/2008
A retail analyst from Citibank has said higher leather costs in Asia could force retail footwear prices in the US up by 10% this year.
The bank’s global markets analyst, Deborah Weinswig, said in a research note that rising costs of raw materials, labour and energy in India and China, and the poor dollar exchange rate would push prices higher, with footwear affected more than apparel because of the price of leather.
“Each player along the retail supply chain will be impacted by product cost inflation, beginning with factories and spanning all the way up the supply chain to retailers (and even end-consumers),” she said.
Share this story:
