logo
Shoe Companies Brace For Tariffs on China

Shoe Companies Brace For Tariffs on China

Smaller shoe companies, particularly those focused on modest-priced footwear, have fewer ways to mitigate costs and can't easily move production to factories in other nations. 'We have no choice but to raise our prices,' said Rick Muskat, president of Deer Stags, a New York-based company that sells shoes for boys and men produced in China ranging in price from $29 for boys to $50 for men. Larger shoe companies—those with higher sales volumes and more purchasing power—will feel the pinch too. But they have more tools to negotiate costs and diversify suppliers.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Corning Inc. (GLW) Surges 12% as Earnings, Outlook Impress
Corning Inc. (GLW) Surges 12% as Earnings, Outlook Impress

Yahoo

time26 minutes ago

  • Yahoo

Corning Inc. (GLW) Surges 12% as Earnings, Outlook Impress

We recently published Corning Inc. (NYSE:GLW) is one of the companies that stood stronger last week. Corning Inc. grew its share prices by 12.08 percent week-on-week as investor sentiment was bolstered by an outstanding earnings performance and an optimistic outlook. Based on its updated report, Corning Inc. (NYSE:GLW) expanded its net income by 351 percent in the second quarter to $469 million from the $104 million in the same period last year. Net sales also increased by 19 percent to $3.86 billion from $3.25 billion year-on-year. According to the company, the jump was primarily driven by key secular trends and its 'More Corning' content strategy which helped drive demand. Encouraged by the results, Corning Inc. (NYSE:GLW) raised its growth outlook for the rest of the year, with both sales and earnings expected to grow by double digits year-on-year. Core sales were pegged at $4.2 billion while EPS was targeted at a range of $0.63 to $0.67. Copyright: etfoto / 123RF Stock Photo 'Third quarter guidance factors in about $0.01 to $0.02 for the impact of currently enacted tariffs, along with $0.02 to $0.03 of temporarily higher cost as production ramps to meet increased demand for new Gen AI and US-made solar products,' Corning Inc. (NYSE:GLW) said. While we acknowledge the potential of GLW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .

Boulder native Ty Haney returns to Outdoor Voices
Boulder native Ty Haney returns to Outdoor Voices

Axios

timean hour ago

  • Axios

Boulder native Ty Haney returns to Outdoor Voices

Boulder entrepreneur Ty Haney is back with Outdoor Voices, the athleisure company she founded in 2013, Inc. reports. Why it matters: Her return follows a trend of female founders rejoining the brands they started. Driving the news: Haney left Outdoor Voices in 2020, but she told Inc., that she returned last August, shortly after New York City-based private equity firm Consortium Brand Partners acquired it. Meanwhile, Haney has founded two other startups: Joggy Energy, a plant-based sparkling energy drink, and a brand loyalty rewards platform called Try Your Best that raised $11 million in Series A funding. What she is saying: "We've always been good at zigging when people zag and offering a fresh take," Haney told Inc., regarding her plans to grow Outdoor Voices. "I'm excited to reactivate our original customer, but also introduce this doing things philosophy to a younger Gen-Z audience." Zoom in: Haney was born in California but grew up in Boulder. She moved her family back and now splits her time between the two.

United, JetBlue get green light on new partnership, extending benefits for customers
United, JetBlue get green light on new partnership, extending benefits for customers

Yahoo

timean hour ago

  • Yahoo

United, JetBlue get green light on new partnership, extending benefits for customers

United Airlines and JetBlue Airways customers will soon be able to leverage their frequent flyer miles and status across both airlines. The Department of Transportation has approved a previously announced new partnership between the carriers. "Blue Sky is a new and unique collaboration designed to give customers of both airlines even more options to find flights that fit their plans as well as new opportunities to earn and use MileagePlus miles and TrueBlue points across both airlines," JetBlue said in a press release on July 29, announcing federal regulators' approval. The Blue Sky partnership, with no relation to the social platform of the same name, will begin rolling out in phases this fall. Here's what travelers can expect. Earning and spending miles Passengers will be able to earn and spend miles in either loyalty program on most flights on either airlines. United and JetBlue will also offer each others' flights for sale on their websites. Although the exact start date for reciprocal perks has not yet been announced, here's what frequent flyers with status can expect across both airlines: Priority boarding Access to preferred and extra legroom seats Same-day changes and switches Other partnership plans In addition to perks for flyers, the airlines have agreed to "net neutral" swaps in the business side as well. JetBlue is giving United slots for up to seven daily round-trip flights at New York's John F. Kennedy International Airport starting in early 2027. In turn, United and JetBlue will exchange eight flight timings at Newark Liberty International Airport. United will also move to JetBlue's Paisly platform for sales of some non-flight products including cruises, hotels, rental cars and travel insurance. Contributing: Eve Chen, USA TODAY (This story was updated to correct a misspelling/typo.) This article originally appeared on USA TODAY: New United Airlines, JetBlue partnership approved. How it will work. Solve the daily Crossword

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store