Home / Knowledge / News / Fashion / Apparel & footwear industry serves as true economic bellwether - AAFA
Apparel & footwear industry serves as true economic bellwether - AAFA
14
Aug '09
The American Apparel & Footwear Association (AAFA) published its Annual 2008 Trends, a statistical and narrative analysis of the U.S. apparel and footwear industry. The Annual 2008 Trends is prepared each year by AAFA industry analysts and includes a comprehensive analysis of business and trade information, including U.S. consumption, production, imports, employment, wholesale, and retail prices.

“Whenever hard working American families are squeezed financially, clothing and shoes are consistently the first things to be crossed off shopping lists,” said AAFA President and CEO Kevin M. Burke. “Our industry took a serious hit this year. In 2007, the average American consumer purchased 67 articles of clothing and eight pairs of shoes. In 2008, those numbers dropped to 64 and seven respectively.”

“Our research shows more needs to be done to stimulate retail sales and restore consumer confidence,” Burke said. “Just by quickly passing the Affordable Footwear Act alone, Congress has the unique opportunity to immediately lower shoe prices by eliminating the regressive and hidden import tax on most children's and low-cost shoes. This would be the perfect way to jumpstart the busy 'Back to School' shopping season.”

“Current indicators for 2009 show an even heavier stress on the U.S. apparel and footwear industry,” Burke stated. “Industry employment numbers are reportedly down and sales continue to slide. We need action now that reverses these downturns and gets U.S. consumers back in malls and stores. Acting now will help ensure a viable, competitive, and bright future for the U.S. apparel and footwear industry.”

The American Apparel & Footwear Association (AAFA) is the national trade association representing apparel, footwear and other sewn products companies, and their suppliers, which compete in the global market.

American Apparel & Footwear Association


Must ReadView All

Pakistani textile associations want uniform energy pricing

Textiles | On 21st Feb 2018

Pakistani textile associations want uniform energy pricing

Pakistan’s textile industry association representatives have...

Japan’s JICA promoting energy-saving devices in Bangladesh

Apparel/Garments | On 21st Feb 2018

Japan’s JICA promoting energy-saving devices in Bangladesh

The Japan International Cooperation Agency (JICA) is promoting use of ...

Over 100% subsidy target in 2016-17 for PMEGP by KVIC

Textiles | On 21st Feb 2018

Over 100% subsidy target in 2016-17 for PMEGP by KVIC

India’s Khadi and Village Industries Commission (KVIC) has achieved...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Urmil Arya

Sushila International, a well established textile organisation established ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search