In 2024, footwear executives reported that unpredictable weather patterns negatively affected sales, forcing companies like DSW and Rack Room Shoes to temporarily close stores in storm-stricken areas.
The recent U.S. presidential election ushered in new tariff plans that alarmed industry leaders, as nearly all footwear sold in the U.S. is imported, raising concerns over price hikes.
With Donald Trump's administration planning a significant increase in tariffs, footwear companies are bracing for a future where landed costs could substantially rise, impacting the overall market.
Warm fall weather contributed to poor seasonal sales for footwear brands, highlighting the direct correlation between climate variability and consumer purchasing behavior in 2024.
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