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:
“... we’re not out to benefit society, to remold existence, to make industry safe for anyone except ourselves, to give any small peoples except ourselves their rights. We’re not out for submerged tenths, we’re not going to suffer over how the other half lives. We’re out for Mary’s job and Luella’s art, and Barbara’s independence and the rest of our individual careers and desires.”
—Anne O’Hagan (1869–?)