- Wholesale products by Queenly Development Group Ltd.
- As per the research and analysis performed by Global Industry Analysts, the footwear industry is expected to reach $195 Billion by 2015. This statement is bound to increase the hopes and motivation of the industry stakeholders but with the competition it also hints for many challenges ahead of us.
- The footwear industry can be categorized broadly into Athletic Shoes that accounts for 30% of the sales, Casual and Dress Shoes that make up for 40% of the industry sales and the remaining 30% share belongs to other niche and specialty footwear products. With immense competition in all three sectors and the expected boom for the coming years it should be good news for the Giants in the industry and the emerging manufacturers alike. Unfortunately, in recent times I have not been able to feel the effects of the speculations. Being a Consultant for waterproof hiking shoes based in Hong Kong and Fujian, China I have not found the increase in the number of companies that seek to take advantage of this booming period. Considering the fact that towards the end of last year, Obama Administration reversed its bill against the import of outdoor footwear, I expected more number of American Brands and Medium Sized businesses to take advantage and invest in their future stocks to avoid future bills.
- To my surprise the reaction within the industry is not vibrant and many are keeping calm. For the leaders in the industry this might not hinder much for a medium scale business, I regard this as an opportunity being lost!