The Shoe Industry
The shoe industry is one of the biggest moneymakers in the market, but it's
facing many changes, rushes, and difficulties. The big power in the industry is
Nike inc. which all the other companies are trying to be like. Some changes are
the industry as a whole is moving there factories to the far east such as China.
The reason for this is they are trying to save costs for producing there shoes
by paying there workers less because they are in the far east. Nike and Reebok
have already been in the east. The shoe industry not including Nike inc. is
trying to make rushes to be number one, two, and three. Another rush the
industry is making, is the rush for the deadline of sports shoes. In other
words coming up with shoes for the sports that are in season. The difficulties
the shoe industry has are making shoes that all people wear such as setting a
style for both inner city people and suburb people. Another difficulty the
shoe industry has is getting its stock value to rise again because all but Nike
and Fila's stock has dropped. This is what the shoe industry is all about and
the difficulties, problems, and advances it has.
There are four major companies in the shoe industry. The dominant industry
is Nike inc.. Then going down the line is Reebok, Fila, and Adidas. Nike being
the superpower has been in front of all the other industries for many years.
Right now Reebok is the closest company to Nike and is $2,459 behind in value
in MIL. Nike's earnings in the last quarter leaped 24% which has pleased Wall
Street investors. With ...