SGB Update

SGB Executive

EXEC: Trump Tariffs Having Little Impact on Retail Footwear Prices

The May Consumer Price Index (CPI) came in cooler than expected, defying fears that the impact of President Trump’s tariffs would start to show a rise in prices. A separate analysis by the FDRA indicates that footwear prices in May likewise declined year-over-year.

EXEC: Asia FW Factories Post Weaker Shipment Volumes in May 2025

Yue Yuen manufacturing revenue growth flattened to only a 0.5 percent year-over-year in May 2025, a sharp deceleration from the April 2025 trend. Feng Tay’s May year-over-year shipment decline cycled against strong double-digit growth in May 2024.