Leather Prices Soar: Boots, Handbags, Furniture Hit Hard
Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Marți
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Leather prices soaring in 2025 due to tariffs and supply chain issues, causing retail costs to jump nearly 20%. Companies like Twisted X and brands like Tapestry and Steve Madden face increased expenses and price hikes. Americas cattle herd at its smallest since the 1950s, leading to fewer premium hides and higher demand. Tariffs in Mexico and India also impacting suppliers, and synthetic leathers facing petrochemical tariffs. Prices expected to remain elevated, making stylish items more expensive.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
