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Shoe Prices Sank in April, the Sharpest Drop in 21 Months, Despite Uncertainty Around Tariffs
Shoe Prices Sank in April, the Sharpest Drop in 21 Months, Despite Uncertainty Around Tariffs

Yahoo

time13-05-2025

  • Business
  • Yahoo

Shoe Prices Sank in April, the Sharpest Drop in 21 Months, Despite Uncertainty Around Tariffs

Shoe prices sank in April in tandem with overall inflation, according to the latest data from the Footwear Distributors and Retailers of America (FDRA). In April, retail footwear prices slid 1.3 percent from a year ago, the sharpest drop in 21 months and second steepest in more than four years, the FDRA noted. This comes as prices dropped 2.9 percent year-over-year for children's shoes, the most in more than four years, and a 1.5 percent decline in men's footwear, the most in 21 months. Women's shoe prices declined a modest 0.6 percent but is still lower than seven of the last nine months. More from WWD Parisian Footwear Label Christen Makes Physical Retail Debut at Bergdorf Goodman EXCLUSIVE: Favorite Daughter Launches Kitten-Heel Sandal and Sneaker With Dr. Scholl's for Summer U.S. and China Hit 90-day Pause on Tariffs, Begin Trade Negotiations Gary Raines, chief economist at FDRA, told FN that over the long term, year-over-year percent changes in retail footwear prices tend to move in step with year-over-year percent changes in duties paid on footwear imports. 'Echoing our caution last month, the problem is that duties paid on footwear imports in the latest month surged the most in years, while retail footwear prices declined,' Raines said. 'This divergence suggests someone along the supply chain is eating that cost differential and losing margin. This notion supports anecdotal evidence heard from several across the industry.' This movement in shoe prices comes one day after the United States and China issued a joint statement on their agreement to substantially lower tariff rates. Starting on Wednesday, U.S. tariffs on Chinese imports will be 30 percent, down from 145 percent, while China's duties on American imports will be 10 percent, from 125 percent. The parties plan to continue with talks over the 90 days that hopefully will lead toward a new trade agreement. But while the U.S.-China tariff pause is a step in the right direction for fashion, footwear and retail, there's still more that needs to be done in terms of trade deals to ease the tax burdens. That's the consensus from fashion and retail trade groups, which said on Monday that they continue to push for better trade deals over the long haul that protect American firms and consumers. Last month's drop in retail footwear prices also comes at the same time the Bureau of Labor Statistics reported that overall inflation slowed even further in April. The bureau's latest Consumer Price Index (CPI), a broad measure of goods and services costs across the U.S. economy, saw prices increase 0.2 percent on a seasonally adjusted basis in April, after falling 0.1 percent the prior month. Prices were also up 2.3 percent over the last 12 months, after rising 2.4 percent in March. The bureau noted that the April change was the smallest 12-month increase in the 'all items' index since February 2021. Excluding volatile food and energy costs, the core CPI rose 0.2 percent in April and increased 2.8 percent over the same time last year. Best of WWD Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Crocs Collaborations From Celebrities & Big Brands You Should Know Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Rosie Huntington-Whiteley looks effortlessly chic in a cream faux-fur coat after hitting the gym
Rosie Huntington-Whiteley looks effortlessly chic in a cream faux-fur coat after hitting the gym

Daily Mail​

time07-05-2025

  • Entertainment
  • Daily Mail​

Rosie Huntington-Whiteley looks effortlessly chic in a cream faux-fur coat after hitting the gym

Rosie Huntington-Whiteley showcased her impeccable style on Tuesday as she stepped out in London following a gruelling morning workout. Taking to her Instagram Story, the model, 38, looked effortlessly chic in a cream faux-fur coat by Phoebe Philo as she posed for a glamorous mirror selfie. The beauty teamed the cosy outerwear, which featured structured shoulder pads, with a ribbed knit vest and skinny white jeans. Earlier in the day, Rosie flaunted her taut midriff in a figure-hugging crop top and black jogging bottoms as she worked up a sweat in the gym. Posing on a workout bench, the star showed off her toned arms and enviable abs as she paused for a quick rest during her session. Later, Rosie struck another pose from inside her car, shielding her eyes with oversized black shades and clutching a beige handbag to complete the luxe look. Her outing came just hours after she flaunted her taut midriff in a figure-hugging crop top and black jogging bottoms as she worked up a sweat in the gym She added a touch of height with beige croc-textured stiletto heels from Christen and styled her honey-blonde locks in a voluminous blowout. The model also enjoyed a lavish lunch at Harry's Bar, treating her followers to a snap of her indulgent tiramisu dessert. Rosie's outing comes days after she flaunted her incredible physique in a unique skirt and crop top combination for a glamorous Instagram photo dump. The British model slipped into a quirky yet elegant £1,950 Maison Alaia jersey suspender skirt featuring a unique over-the-shoulder strap in one selfie. She teamed the flowing asymmetrical skirt with a cream crop top displaying her toned and tanned abs as she posed up a storm in the mirror. Another look saw Rosie show off her jaw-dropping good looks while pouting for the camera in a strapless £1,850 dress from Khaite. She also wowed in a black vest top while accessorising with a glitzy silver necklace and a dazzling matching ring from Tiffany. The beauty too modelled a dazzling Burberry silver V-neck dress coupled with a stylish pair of black sandals. The model also enjoyed a lavish lunch at Harry's Bar, treating her followers to a snap of her indulgent tiramisu dessert Rosie, who is married to acting superstar Jason Statham, also exhibited a few of her more casual outfits of choice. The glamour model threw on a pair of white straight-leg jeans and a plain matching T-shirt, layering the outfit with a black coat. She accessorised with a stylish leather handbag from Phoebe Philo - a company selling bags for up to £3,000 - and a pair of sunglasses. In another outfit, the Transformers star sported a Tom Ford blackout dress, which she coupled with a golden belt for a photo in front of a nature-based painting. The model's slew of pictures revealed that she had enjoyed a trip to Estelle Manor - a plush 'hotel & private country club nestled in Oxfordshire' - with her Fast and Furious star husband. In a recent interview with the Sunday Times, Rosie opened up about her post-partum figure and told how her body has changed over time. Rosie and Jason share two children together - Jack Oscar, seven, and Isabella James, three. She explained: 'You've aged, you've stretched, things are not sitting where they used to. After both babies, it took two years to feel fully back to normal, and even then it's not really normal, is it?' Rosie went on to suggest that she wouldn't have it any other way as she told how life is 'too short'. She added: 'My twenties were fun, but then you get older, wiser and a little more roughed up. S**t happens. Being a mum is challenging.

‘Drug-dealing scum' most likely behind French prison attacks
‘Drug-dealing scum' most likely behind French prison attacks

Telegraph

time17-04-2025

  • Politics
  • Telegraph

‘Drug-dealing scum' most likely behind French prison attacks

'Drug-dealing scum' are behind a series of mysterious and co-ordinated gun and arson attacks on French prisons, the county's interior minister suggested on Thursday. Unknown criminals have targeted nine jails across the country since Monday, spraying walls and entrance gates with gunfire from automatic weapons and setting fire to facilities and staff cars. 'My firm conviction … is that we are dealing with drug-dealing scum,' Bruno Retailleau told French radio station RTL, although he did not rule out that foreign agents or ultra-Left groups could be responsible. 'They have not declared war on us, but we are the ones who have declared war on them with the drug trafficking law. We are going to be able to hit their wallets,' he said. Other French officials said the attacks could be attempts at intimidation from cartels amid a government crackdown on drug dealing. On Wednesday, Emmanuel Macron vowed to punish the unidentified assailants. 'Some are seeking to intimidate our prison staff and are attacking our establishments with unacceptable violence. They will be tracked down, tried and punished,' the French president wrote on X. Olivier Christen, the anti-terrorism prosecutor who is overseeing the investigation, told French media that 'there is no preferred line of inquiry'. 'Anything is possible, no avenues are closed in our investigations,' Mr Christen said. 'It could be groups of political radicals, it could be groups more closely linked to organised crime, it could also be a convergence of objectives and people manipulating each other, anything is possible.' Along with prisons, the homes of two prison administration officers and cars parked at the National Penitentiary School were also vandalised or damaged. Yobs sprayed vehicles and buildings with the letters DDPF, the name of a new Telegram channel created a few days ago. It stands for Defending the Right of French Prisoners, and is unknown to French intelligence services, Mr Christen said. Messages posted on the channel include death threats against jail guards, graphic descriptions of abuse and calls for the prison population to mobilise. 'Know that we are not terrorists, we are here to defend human rights inside prisons,' the group wrote on the channel. Mr Retailleau and Gérald Darmanin, the minister of justice, have sworn to crack down on the national drug crisis with the expansion of the country's penitentiary system, which includes a new high-security prison for the country's most dangerous drug traffickers. In 2024, French authorities seized a record 54 tonnes of cocaine, marking a 130 per cent rise from the year before. Mr Retailleau has said that France has been hit with a 'white tsunami' that has rewritten the rules of the criminal landscape. According to the French Audit Office, drug trafficking affects eight out of 10 communes and is no longer confined to the major metropolises.

‘Drug-dealing scum' most likely behind French prison attacks
‘Drug-dealing scum' most likely behind French prison attacks

Yahoo

time17-04-2025

  • Politics
  • Yahoo

‘Drug-dealing scum' most likely behind French prison attacks

'Drug-dealing scum' are behind a series of mysterious and co-ordinated gun and arson attacks on French prisons, the county's interior minister suggested on Thursday. Unknown criminals have targeted nine jails across the country since Monday, spraying walls and entrance gates with gunfire from automatic weapons and setting fire to facilities and staff cars. 'My firm conviction … is that we are dealing with drug-dealing scum,' Bruno Retailleau told French radio station RTL, although he did not rule out that foreign agents or ultra-Left groups could be responsible. 'They have not declared war on us, but we are the ones who have declared war on them with the drug trafficking law. We are going to be able to hit their wallets,' he said. Other French officials said the attacks could be attempts at intimidation from cartels amid a government crackdown on drug dealing. On Wednesday, Emmanuel Macron vowed to punish the unidentified assailants. 'Some are seeking to intimidate our prison staff and are attacking our establishments with unacceptable violence. They will be tracked down, tried and punished,' the French president wrote on X. Olivier Christen, the anti-terrorism prosecutor who is overseeing the investigation, told French media that 'there is no preferred line of inquiry'. 'Anything is possible, no avenues are closed in our investigations,' Mr Christen said. 'It could be groups of political radicals, it could be groups more closely linked to organised crime, it could also be a convergence of objectives and people manipulating each other, anything is possible.' Along with prisons, the homes of two prison administration officers and cars parked at the National Penitentiary School were also vandalised or damaged. Yobs sprayed vehicles and buildings with the letters DDPF, the name of a new Telegram channel created a few days ago. It stands for Defending the Right of French Prisoners, and is unknown to French intelligence services, Mr Christen said. Messages posted on the channel include death threats against jail guards, graphic descriptions of abuse and calls for the prison population to mobilise. 'Know that we are not terrorists, we are here to defend human rights inside prisons,' the group wrote on the channel. Mr Retailleau and Gérald Darmanin, the minister of justice, have sworn to crack down on the national drug crisis with the expansion of the country's penitentiary system, which includes a new high-security prison for the country's most dangerous drug traffickers. In 2024, French authorities seized a record 54 tonnes of cocaine, marking a 130 per cent rise from the year before. Mr Retailleau has said that France has been hit with a 'white tsunami' that has rewritten the rules of the criminal landscape. According to the French Audit Office, drug trafficking affects eight out of 10 communes and is no longer confined to the major metropolises. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.

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