Retailers hit at EU tariff on shoe imports from Asia
One of the UK’s biggest shoe sellers has had a hit this season with its must-have patent yellow flats, which so resemble those from Marc Jacobs’ spring line they could have just stepped off the catwalk.
While the designer pair costs more than £200 ($350, €286), New Look’s, in red, green or yellow, cost just £25 – less expensive than even a few years ago, when Malcolm Collins, the fashion chain’s buying director, says the same style of leather shoe would have sold for at least £28.
Such bargains could soon be harder to come by, however, as the European Union will today impose tariffs on leather shoes imported from China and Vietnam.
More: news.ft.com
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