News

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, ...

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