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Footwear, Apparel Costs Surge as Inflationary Pressures Batter Brands

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

With inflation at its highest point in more than two decades, footwear and apparel prices have ballooned by 6.6 percent and 6.8 percent, respectively, year over year, according to March Consumer Price Index data. The added strain on shoppers’ pocketbooks could have worrying effects on the fashion sector, according to American Apparel and Footwear Association…

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