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Footwear international case study
Athletic footwear industry analysis
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Our company, Comfort Sdn Bhd, started operation on 2nd of January 2014 which is a footwear manufacturing company. Firstly, we rented a standard factory nearby at Klang Valley where is a strategic places. At this moment, we have introduced 3 different style of sneakers product which are slip-on, high-top and low-top for both gender and fulfilled consumer wants as well in different market. We believe that our product will boots up at the peak time and prove how potential it is in the footwear market. In addition, we are planning to cooperate with others company in the future time in order to produce new product by merging new ideas with each other. We are trying to achieve our objective as increasing average turnover by 15% for each year and …show more content…
For instance, we make sure that every single customer satisfied with the product according to their needs. That’s why, we have come up with and emphasize on clean and simple but nice looking sneakers. Nowadays, people are more prefer choose a comfortable footwear product rather than the outlook of product. Slip-on shoes are the best sales compare to others product in our company because they are easier to take off and put on, and by the way consumers can wear it without socks.
To obtain a significant market share, we decided to include the concept of retailing to small grocery owners as well as 200 authorized dealers throughout the country. By using this strategy, we assume that our sales will increase by 12% for the next year. We also believe that our size can be doubled in 2017 with 25% of market share.
Therefore, our next target is to export our footwear product to Asian countries such as China, Thailand, Indonesia and others in 2016. Next, we will expand our factories and built new factories at West-Malaysia such as Pahang and Seremban with automated assembly manufacturing facilities service to increase the rate of production due to the large demand of
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Every new product in the market will face the hardship to sell in the beginning. To overcome this problem, we have come out with effective strategy to attract more attention of people to buy our products. We will also improve the sneaker shoes product with skilled hands and modern machinery to keep up with demand. Next, website is provided whereby consumers can order our footwear products through the internet by just clicking a left mouse. It is very simple and convenience to the people. Furthermore, we will hold a large scale promotion campaign throughout in our country, Malaysia, in the middle and the end of the year especially during the festival season such as ‘Hari Raya Aidilfitri’ in order to increase the sales of our products. In addition, we will develop the new design of footwear products with innovative shoes styles to give customers a brand new experience. As the result show in the table of sales revenue, our total budgeted sales for the end of year in 2014 is 158,000 units and the total amount of cash sales is RM 2,370,000 (Appendix
People are often deceived by some famous brands, which they will buy as useless commodities to feel they are distinctive. People require brands to experience the feeling of being special. People spend their money to have something from famous brands, like a bag from Coach or Louis Vuitton which they think they need, yet all that is just people’s wants. Steve McKevitt claims that people give more thought on features or brands when they need to buy a product, “It might even be the case that you do need a phone to carry out your work and a car to get around in, but what brand it is and, to a large extent, what features it has are really just want” (McKevitt, 145), which that means people care about brands more than their needs. Having shoes from Louis Vuitton or shoes that cost $30 it is designed for the same use.
Oliver’s opened its second store in April of 2000 in Santa Rosa, CA fashioning it after Woodlands Market, another Organic Health food store. Unfortunately, in the early 2000’s with the increase of discount superstores, club stores, dollar stores and drugstores, there was a decline in the traditional retailers’ market share from 82.3 percent down to 69.2 percent. Increases in giant retailers will be one of Oliver’s biggest competitive pressur...
CIMA Mountaineering, Inc. is a company manufacturing in hiking and mountaineering boots for beginner to experience hikers. CIMA sales and profit had grown steadily within the last several years. However, CIMA growth is beginning to slow down as a result of foreign market and changing market. The company is under consideration of two marketing proposals, these two marketing proposals will discuss about marketing strategies for increasing sales and profits of the company. CIMA Mountaineering, Inc. has to decide whether they should enter the "weekend" segment of the hiking boot market or extend the existing lines of boots for mountaineers and hikers to achieve their objective.
The company had to be the second largest retailer shop in the US; it has many advantages that come along. The customers well acknowledge the company and its brand have been well established.
In an increasingly competitive market with strong rivals such as Reebok, Adidas, Nike’s latest strategy is offering consumers the shoes they desire. This is done by providing customers with the option of designing their own shoes. At Nikeid.c...
The franchise owner is results oriented. Meeting and exceeding sales goals is the main objective of daily, weekly, and monthly goals. His main expectation of the staff is getting the job of selling shoes done right the first time and in an efficient manner. It is expected that the sales representative does such an excellent job that the product does not return back to the store. SAS Shoes is a very structured business model at the level of retail. There are very detailed steps that the employee is required to follow from adhering to the strict dress code, utilizing the four-step selling structure, to putting the shoes back in their assigned boxes the correct and efficient way. The employee is expected to not only meet but excel at using these meticulous techniques. Although the culture at SAS Shoes is very stringent, it works well with the ever changing environment surrounding shoe sales in Albuquerque, New
At the meeting, management revealed plans to address both top-line growth and operating performance. To boost revenue, the company would develop more athletic-shoe products in the midpriced segment3a segment that Nike had overlooked...
1. Is the international market arena in which your athletic footwear company competes characterized by multicountry competition or global competition? Explain why.
The corporation should invest more money in research and innovation since this is what has helped them to make a product that rivals their competitors. At the same time, it is imperative for them to improve their machinery for cheap labor costs which will help the company increase its production allowing it to meet the demand in the market. By improving production leading to lower costs of making shoes, apparel, and equipment, Nike will achieve higher demand assuming a quality product is maintained in that process. They will stand a better chance of competing in the industry (Hill, 2009). The organization is already in a better position for meeting the demand, customer taste, and needs. The company should improve quality by focusing on developing lightweight products that are more durable compared to those offered by the competitors. Also, Nike can keep up their success by continuing to reinvent and improve their items and continue to meet the current demand by using new technology. It can also use the Internet to communicate with consumers (Hill, 2009). By developing new technology, Nike will allow the customers to suggest and design their shoes online. To achieve this goal, it is fundamental to enhance areas such as their website to make it more user-friendly. Finally, the company should pay attention to small startup organizations that enter the
Our largest opportunity for growth lies in the emerging economies of China, India, and Thailand. A modest growth in stores in the US, and Europe (2%), while increasing efforts to expand by 10% a year in China, Thailand, and India while offering new menu items in the stores we currently have in place is projected to increase our revenues from $14.9 billion per year to $26.46 billion per year over the next 4 years. This plan will increase our indirect labor force, by adding select marketing teams, commodity managers, and a VP of construction.
the shoe industry has are making shoes that all people wear such as setting a
The main objective of this report is to develop and provide a sales and marketing plan for which the company will help to generate more profit and acquire more customers to patronize the product. This report will cover the period of 2016 to 2017 which will serve as guidelines that needs to follow of the employees, managers and management team to reach the desired goals and target for the company.
American companies manufacturing at cheaper costs in foreign companies is not a new practice. Companies have been using overseas factories to produce goods for years due mainly to cheaper manufacturing costs. Not only are labor and material costs less expensive, foreign countries often do not have as strict of labor laws as the ones enforced in America. They also do not have a sense of responsibility to the community. Companies can come into a remote area in another country and provide substandard pay and working conditions to underprivileged workers who typically do not have many opportunities for work. In such cases, there is usually no local regulation enforced and global companies like Nike can take advantage of impecunious workers while increasing their profits.
Most people in the world gratefully have the chance to make their own choices and decisions every day. One of those choices and decisions that they make is what they are going to put on their feet for the day. Unknowingly the decision of what type of shoe a person wears for a specific day will affect their entire day. There are also many factors that contribute to what type or style of shoes a person buys or wears such as economic status, design, usefulness, and popularity. As of today, there are various types of shoes which are sandals, heels, boots and athletic and casual shoes.
After a 4 P analysis of the company one found that it found itself in a luxury market where product quality and constant innovation are key points for the success. That is why the production process and its design can take even months. Product line is extensive however it is only conformed of high priced products. Price in this case is a guarantee of the quality present in the product. Moreover, high pricing represent an element of differentiation that the customer appreciates. However this is not a setback, LVMH has managed to have world wide presence and success. To accomplish it its selective retailing division is of high importance. Nevertheless, promotion posses the major challenge since its through this that the image of the product its transmitted that is why the company poses a major part of its budget in this section. It is Important to note that the percentage allocated is higher than those of most competitors.