Competition
Over the past decade, Hoover has lost its dominant position in the UK and in the US and now faces strong competition from many brands.
In the US, Hoover's competition includes: Royal, Dirt Devil, and Vax (all of which are owned by Hoover's Hong Kong owner Techtronic Industries); Kirby; Eureka; Dyson; Electrolux; Oreck; Panasonic; Bissell; and Kenmore (the house brand of American store chain Sears, which is manufactured predominantly by Panasonic).
Dyson and Electrolux lead the list of UK competitors, followed by Dirt Devil, Vax, Morphy Richards, Miele, Bissell, Numatic (maker of the famous "Henry" cylinder cleaner), Zanussi, Russell Hobbs, LG, and others.
Read more about this topic: The Hoover Company
Famous quotes containing the word competition:
“Knowledge in the form of an informational commodity indispensable to productive power is already, and will continue to be, a major—perhaps the major—stake in the worldwide competition for power. It is conceivable that the nation-states will one day fight for control of information, just as they battled in the past for control over territory, and afterwards for control over access to and exploitation of raw materials and cheap labor.”
—Jean François Lyotard (b. 1924)
“Such joint ownership creates a place where mothers can “father” and fathers can “mother.” It does not encourage mothers and fathers to compete with one another for “first- place parent.” Such competition is not especially good for marriage and furthermore drives kids nuts.”
—Kyle D. Pruett (20th century)
“The praise of ancient authors proceeds not from the reverence of the dead, but from the competition and mutual envy of the living.”
—Thomas Hobbes (1588–1679)