Footwear Distributors and Retailers of America president and CEO Matt Priest said rising oil prices following the US - Iran conflict are driving up costs across the footwear industry.

Container fuel surcharges have climbed to $275–$375 (€253–€345), spot shipping rates to $400–$1,000 (€368–€920) and air freight costs have surged with jet fuel prices up about 75 percent.

Share this story: