Footwear Industry
In Europe, the footwear industry has declined in the last years. While in 2005, there were about 27.000 firms, in 2008 there were only 24.000. As well as the number of firms, the direct employment has decreased. The only factors that remained almost steady was the value added at factor cost and production value.
In the U.S., the annual footwear industry revenue was $48 billion in 2012. There are about 29.000 shoe stores in the U.S. and the shoe industry employs about 189.000 people. Due to rising imports, these numbers are also declining. The only way of staying afloat in the shoe market is to establish a presence in niche markets.
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Famous quotes containing the word industry:
“You must, to get through life well, practice industry with economy, never create a debt for anything that is not absolutely necessary, and if you make a promise to pay money at a day certain, be sure to comply with it. If you do not, you lay yourself liable to have your feelings injured and your reputation destroyed with the just imputation of violating your word.”
—Andrew Jackson (1767–1845)