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Honored Contributor
Posts: 15,242
Registered: ‎03-10-2010

How Much More Just Shoes Could Cost

Here are current costs for a typical pair of sneakers, boots and children’s shoes:

SNEAKERS BOOTS CHILDREN’S SHOES
Landed cost: $14.60Landed cost: $16.18Landed cost: $4.25
Current duty rate: 14.1%Current duty rate: 37.5%Current duty rate: 9.52%
Duty = $2.06Duty = $6.07Duty = $0.40
Final import price: $16.06Final import price: $22.25Final import price: $4.65
Standard retail markup: 3xStandard retail markup: 3xStandard retail markup: 3x
Final retail: $48.18Final retail: $66.74Final retail: $13.96

And here are the costs with an additional 25% tariff:

SNEAKERS BOOTS CHILDREN’S SHOES
Landed cost: $14.60Landed cost: $16.18Landed cost: $4.25
Current duty rate: 14.1%Current duty rate: 37.5%Current duty rate: 9.52%
Duty = $2.06Duty = $6.07Duty = $0.40
Additional duty: 25%Additional duty: 25%Additional duty: 25%
New duty = $5.71New duty = $10.11New duty = $1.87
New final import price: $20.31New final import price: $32.36New final import price: $6.12
Standard retail markup: 3xStandard retail markup: 3xStandard retail markup: 3x
New final retail: $60.93New final retail: $97.08New final retail: $18.36
Honored Contributor
Posts: 18,357
Registered: ‎01-08-2011

Re: How Much More Just Shoes Could Cost

Don't forget about the building, heat, air, upkeep and janitorial services, supplies, living wages and benefits for workers, and shareholder profit for the money they invested to start the ball rolling.

 

I know there is quite a bit of markup, but coming from a family that had one of the largest stores in town, I know both sides.

Honored Contributor
Posts: 10,569
Registered: ‎03-13-2010

Re: How Much More Just Shoes Could Cost

@SeaMaiden  Thanks for the breakdown!    I knew this was coming, and I stocked up.   But, this will hit parents so hard, because kids grow FAST.  di

♥Surface of the Sun♥
QVC Customer Care
Posts: 534
Registered: ‎06-14-2015

Re: How Much More Just Shoes Could Cost

Respected Contributor
Posts: 3,789
Registered: ‎03-11-2010

Re: How Much More Just Shoes Could Cost

We need to DUMP China - and increase manufacturing jobs in the U.S. or buy from other countries. Most of the products China sells us are contaminated, toxic and deadly, ie. wallboards put into homes, dog-food, several years ago  dogs were dying, toxic toothpaste, etc. In the last 3 years, I've purchased 7 electric coffee percolators - which each lasted 3 to 8 months. 

Honored Contributor
Posts: 35,486
Registered: ‎03-10-2010

Re: How Much More Just Shoes Could Cost

@kivah.  We need to do some dumping but it's not China.

New Mexico☀️Land Of Enchantment
Honored Contributor
Posts: 35,486
Registered: ‎03-10-2010

Re: How Much More Just Shoes Could Cost

@desertDi.  Thanks to Zulily, I've got enough shoes to supply this entire board.  Thanks to QVC, I've got enough clothes.

New Mexico☀️Land Of Enchantment
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Esteemed Contributor
Posts: 5,273
Registered: ‎03-09-2010

Re: How Much More Just Shoes Could Cost

I think this is a discussion for a political forum.  We all have our feelings on it and I think there could be some heated discussions over this.  This might be a discussion befitting Community Chat.

Trusted Contributor
Posts: 1,098
Registered: ‎01-14-2017

Re: How Much More Just Shoes Could Cost


@kivah wrote:

... In the last 3 years, I've purchased 7 electric coffee percolators - which each lasted 3 to 8 months. 


Maybe stay away from the coffee percolators.  many other ways to make coffee, these work pretty good:

 

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Super Contributor
Posts: 351
Registered: ‎12-28-2011

Re: How Much More Just Shoes Could Cost

[ Edited ]

Goodwill thrift stores shoe racks will be empty for sure.