Jul 01, 2025 (MarketLine via COMTEX) --
Trade organisation Footwear Distributors and Retailers of America (FDRA) has appointed new Board leadership for the 2025aEUR"2027 term, tasked with steering the footwear industry's future direction.
FDRA governs over 500 companies and brands globally, representing 95% of the US footwear market share.
BBC InternationalaEUR(TM)s Josue Solano is appointed as the chairman of the board, with Dan Friedman from Caleres taking on the vice chairman role, and Lisa Tucker from Shoe Show assuming the position of treasurer.
Josue Solano has more than 20 years of experience in the footwear industry and knowledge in global sourcing, supply chain management, and corporate strategy.
Under this role, Solano will offer strategic guidance and vision for FDRA, an organisation that represents more than 97% of the footwear industry, including retailers, brands, and manufacturers.
aEURoeFrom tackling tariff challenges to enhancing industry collaboration, I look forward to working on the issues that matter most to our members,aEUR Josue Solano stated.
The transition to new leadership is facilitated by existing board members and Jennifer Bendall, Nike's outgoing chair and current vice president of government and public affairs.
The board is further strengthened by new appointees such as Sara Hoverstock from Crocs, Jonathan Frankel from Aldo, Gautham Rao from Timberland, and Todd Krinsky from Reebok.
The appointments come at a challenging time for the footwear sector with FDRA's second quarter 2025 Shoe Executive Business Survey indicating the growing concerns among leaders regarding declining consumer demand, escalating costs, and the erratic nature of US tariff policies.
Survey findings reveal that over six in ten respondents reported a drop in sales compared to six months prior and 49% anticipate lower comparable store sales in the next six months.
Additionally, 82% of the respondents predict a weakening or very weak US economy during that period. An aEURoeoverwhelmingaEUR 88% expect diminished consumer spending on footwear.
Another critical issue highlighted by the survey is the surge in landed costs for brands and retailers with 94% expecting an increase in footwear costs during the year's latter half.
About 60% of the respondents predicted these costs could rise by double digits.
aEURoeThis quarteraEUR(TM)s survey is a flashing red light for the industry,aEUR said FDRA president and CEO Matt Priest.
aEURoeFootwear companies are facing a perfect stormaEUR"consumers are pulling back, costs are rising fast, and trade policy from Washington continues to inject unnecessary volatility into an already fragile marketplace. President Trump and Congress must remember tariffs are an additional tax on already burdened American families and American industry,aEUR he added.
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COMTEX_466843564/2227/2025-07-01T09:51:34
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