Boot and Shoe Cut Stock and Findings

SIC 3131

Companies in this industry

Industry report:

Establishments that fall under this category are primarily engaged in manufacturing leather soles, inner soles, and other boot and shoe cut stock and findings. The industry also includes finished wood heels. Establishments primarily engaged in manufacturing heels, soiling strips, and soles made of rubber, composition, plastics, and fiber are classified in the major group for rubber and miscellaneous plastics products.

In the mid-2000s, the boot and shoe cut stock and findings segment continued to suffer from the growing penetration of relatively low-cost imported footwear into the United States. The industry was valued at about $173 million in 2008. According to footwear industry statistics, in 1966 the United States market for nonrubber footwear totaled 735 million pairs, and 641 million pairs were made in America. By 1996 the market had grown to more than 1.2 million pairs, but the United States produced only 143 million pairs. The import/export imbalance was even more telling--nearly 1.2 billion pairs were imported in 1996, while only 24 million were exported. As a result, U.S. manufacturers began to shift operations overseas to take advantages of lower operating costs in countries like China. In fact, by 2003, China was exporting more than 1.3 billion pairs of shoes into the United States annually.

In this environment, many of the footwear plants that did remain in the United States were forced to close, and plant openings had slowed to a trickle by the late 1990s. Pricing was also under intense pressure due to competition from imported shoes. In the labor-intensive footwear industry, U.S. makers simply could not compete with manufacturers overseas whose wage rates were far below U.S. levels. When nonrubber footwear penetration levels reached 98 percent in the early 2000s, the American Apparel and Footwear Association, which had once been vehemently opposed to the growing levels of imports, began calling for the elimination of tariffs on nonrubber footwear imports. As stated in a June 2002 issue of Footwear News, "In a dramatic reversal that reflects the changed character of the domestic footwear business, the American Apparel & Footwear Association has shifted its international footwear trade policy to vigorously support free trade."

The drop in domestically produced footwear, of course, had depressed the business of companies that supply shoe manufacturers. Besides the dramatic increase in shoe imports, leather sole makers also had to contend with a shift by consumers to more casual footwear and the rising cost of leather. While there remained a market for the fine leather shoe, many Americans were no longer dressing up for work and did not require several pairs of dress shoes.

During the recession of the early 1990s, the repair trade picked up somewhat, as consumers have traditionally mended old shoes when they did not have the money to buy new ones. Some manufacturers thought sales were less robust than in previous recessions, however, because of the loss of white-collar jobs. There was also concern about longer term trends in the repair market. During World War II, the number of repair shops totaled nearly 70,000; by the late 1990s, there were fewer than 12,000. Shoe repair employees in 2001 totaled a mere 3,400, according to the U.S. Department of Labor. One estimate showed that only 8 to 10 percent of consumers made use of shoe repair shops, and the average customer was 45 years old. The availability of inexpensive imported footwear also could encourage people to simply buy new shoes rather than repair old ones. As of 2004, the U.S. Bureau of Labor Statistics grouped shoe and leather workers and repairers in one category. There were only 1,730 employees in this industry that year.

The early 2000s did not show any encouraging signs for the industry's success. The value of U.S. shipments for nonrubber footwear declined nearly each year between 1997 and 2001. The most dramatic decline took place between 2000 and 2001, when shipments fell from $173 million to $106 million.

Current Conditions

U.S. shipments for nonrubber footwear continued downward before reaching 15 million pairs in 2007, compared to a high of 19.2 million pairs in 2004 and 17.1 million pairs in 2005. On the other hand, imported nonrubber footwear continued to climb from 1.8 billion pairs in 2004 to 2.0 billion pairs in both 2006 and 2007 with China responsible for 1.7 billion pairs. Total nonrubber footwear consumption for 2007 was 2.0 billion, with China responsible for the production of 1.7 billion pairs.

According to footwear industry statistics, there were an estimated 450 footwear plants operated in this category, valued at $173.2 million in 2008. Industry-wide employment totalled 2,227 workers. The majority of plants were located in California, Florida, and Texas with Massachusetts responsible for $40.9 million, the bulk of industry shipments. Footwear cut stock manufacturers had 58 plants or 12.9 percent in market share with shipments totaling $85.1 million.

© COPYRIGHT 2018 The Gale Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. For permission to reuse this article, contact the Copyright Clearance Center.

News and information about Boot and Shoe Cut Stock and Findings

Research and Markets Adds Report: Fastener, Button, Needle, and Pin Manufacturing Industry in the U.S. and its International Trade.(Report)
Health & Beauty Close-Up; August 27, 2010; 643 words
...Manufacturing Subsector (339), and the Manufacturing Sector (31-33). Its SIC equivalent codes are: 3131 - Boot and Shoe Cut Stock and Findings (metal buckles); 3961 - Costume Jewelry and Costume Novelties, Except Precious Metal (nonprecious cuff...
Table 5. Producer price indexes for the net output of selected industries and their products, not seasonally adjusted.(Part 2)(Table)
PPI Detailed Report; October 1, 2007; 700+ words
...M Secondary products 316993-S All other leather good manufacturing 316999 Primary products 316999-P Boot and shoe cut stock and findings 316999-1 All other miscellaneous leather goods 316999-4 Secondary products and miscellaneous receipts...
Table 5. Producer price indexes for the net output of selected industries and their products, not seasonally adjusted.(Part 2)(Statistical table)
PPI Detailed Report; November 1, 2008; 700+ words
...Miscellaneous receipts 316993-M All other leather good manufacturing 316999 Primary products 316999-P Boot and shoe cut stock and findings 316999-1 All other miscellaneous leather goods 316999-4 Secondary products and miscellaneous receipts...
Research and Markets Adds Report: Fastener, Button, Needle, and Pin Manufacturing Industry in the U.S. and its International Trade.(Report)
Health & Beauty Close-Up; August 27, 2010; 643 words
...Manufacturing Subsector (339), and the Manufacturing Sector (31-33). Its SIC equivalent codes are: 3131 - Boot and Shoe Cut Stock and Findings (metal buckles); 3961 - Costume Jewelry and Costume Novelties, Except Precious Metal (nonprecious cuff...
Table 5. Producer price indexes for the net output of selected industries and their products, not seasonally adjusted.(Part 2)(Table)
PPI Detailed Report; October 1, 2007; 700+ words
...316999 Primary products 316999-P Boot and shoe cut stock and findings 316999-1 All other miscellaneous...purchased lumber 321912-3 Hardwood cut stock and dimension 321912-6 Softwood cut stock and dimension 321912-8...
Table 5. Producer price indexes for the net output of selected industries and their products, not seasonally adjusted.(Part 2)(Statistical table)
PPI Detailed Report; November 1, 2008; 700+ words
...manufacturing 316999 Primary products 316999-P Boot and shoe cut stock and findings 316999-1 All other miscellaneous leather goods...receipts 321911-M Secondary products 321911-S Cut stock, resawing lumber, and planning 321912 Primary...
Walking tall in the boot business
Deseret News (Salt Lake City); November 14, 2005; 547 words
Finding boots that fit is...they needed boots for walking...the perfect boots? Holz says...brands do you stock? (A good store...you employ a boot specialist...varieties: low-cut and lightweight...than regular shoes, are a good...
Digging their heels in ; Women with big feet have had to get used to wearing clumpy shoes. But a few pioneers are insisting on change, reports Olivia Kelleher
The Irish Times; November 18, 2003; 700+ words
...that eight is the cut-off size. Many...hope in hell of finding shoes." Hennessy...source fashionable shoes for fickle teenage...customers to try on shoes with different...a trip to buy shoes: it is the answer...Loughlin, says her shoe hassles were solved...stylish riding ...

Search all articles about Boot and Shoe Cut Stock and Findings