Most of the answers across all of the conducted interviews tended to be very consistent in regards to habits and the perception of the shoe industry as a whole. The interviews indicated that either Nike or Adidas tended to be the brand of choice due to perceived quality and most subjective measures such as styling and comfort. As far as where interviewees were most likely to purchase their shoes, sporting goods stores such as Sports Authority and Modell’s (both in-person and online purchases) or individual brand outlets were the top answers. Casual shoes and trainers were the most popular styles of shoe across the five interviews and four out five interviews indicated the likelihood of consumers to be trend followers. Trends were most …show more content…
Other websites and review sites were also a large part of how the interviewees found out information about new sneaker releases. Interviewees also gained interest in shoe products through celebrity endorsers on other television ads, or billboards. Most of them said that they gained little knowledge or interest about products through radio or print communication channels.
Important factors for your purchasing decision: Many important factors interviewees consider when purchasing sneakers are style, price, comfort, quality, sustainability, brand name, sales promotion, popularity and accessibility. According to the interviewees a reasonable price when it comes to buying footwear ranged from as low as $20 to as high as $150. All interviewees said they enjoy supporting local and national businesses, but have no problem buying from established foreign brands. Most interviewees considered buying from a company with a rewards program. However, one of the interviewees said “maybe, if buying the same shoe repeatedly meant the shoe will cost less and less every time”.
The importance of social responsibility:
When the social responsibility portion was conducted, responses were rather similar. Interviewees were asked if a brand 's reputation plays a role in a purchase decision, which most came to the conclusion that it comes down to the product itself. Majority of interviewees also holds a belief that a company’s
NIKE Inc. has been the worldwide leader of athletic shoe sales for many years now. The company’s successful brand image combined competition and enablement for the competitive, athletic user. Nike has to modify their brand to a focus of excitement and freedom and not just competitiveness. By collecting and studying an assortment of material we could be able to understand where NIKE is currently placed in the athletic shoe industry compared to their competition, and how they will be able to adjust their brand focus so it can be more effective in the future. These adjustments can help NIKE reach the more casual group of urban runners and ultimately increase the sales forecasts, while still controlling a percentage of the market for athletic shoes.
sale of Nike’s high-margin products to high-end customers. Regardless of the low cost of the World Shoes, they
Sportsman Shoes has been a leader in the shoe industry for more than thirty years. Sportsman manufactures and sells athletic shoes for all types of sports. The company has pursued a low-cost strategy in order to sustain their success. They sell a limited number of shoe designs and have held costs low through manufacturing efficiency and standardized operations. However, the past five years have been a struggle at Sportsman. The shoe market has seen a rise in the availability of low-cost imported shoes that has threatened Sportsman’s competitive position. As a result, company executives have decided it is time for a strategy shift.
Obviously, there is a big number of driving forces in the athletic footwear industry. Each of these driving forces has different impacts—some of them can have a more considerable effect than others on figuring out how much cross-company differences influence market shares and a number of units sold. The first line of most influential factors includes comparative prices, S/Q ratings, and a number of models offered among the footwear competitors. These three most important competitive forces affect customer decisions of which athletic footwear brand to choose. Furthermore, the decisions of customers whether to purchase one brand or another are also influenced by such forces as advertising, celebrity endorsements, the number of independent retail
Moreover, the growing number of conscience consumers was highlighted in a recent Bursen-Marsteller report; “people will more likely choose a product that supports a social cause when choosing between otherwise similar products” (Penn, Schoen & Berland, 2010). These average consumers daily decisions are slowly but surely being influenced by social concern and responsibility. Finally, the critical issue for Company Q is the social responsibility to its customers, who looks to business to provide them with satisfying, safe products and respect their rights as customer.
Every company has a responsibility to support the society it serves. This indicates that a company that wishes to truly thrive in a market should not just follow the business and consumer laws of the country but take an active interest in the community that it serves in each country. Today’s global market is led by companies that concern themselves with the sustainability of the company and its products, as well as the continual improvement of the
Customers make purchasing decisions based on the information they have among products and the values of goods a company offers. For that reason, companies have to promote their products to increase products awareness. In order to achieve organizational goals, companies must understand the market’s needs to ensure the success of their businesses. Such information can be gained through research. The industry that will form the basis of this paper is Western Canadian Shoe Association. The three brands under study are Reebok, Adidas, and Nike.
To begin, the history of sneakers is amazing and is one of the reasons they are so popular. The first pair of sneakers ever made were made by sticking your foot in melted rubber 3,000 years ago. Modern sneakers were developed in England and then in 1868 only wealthy people could afford sneakers because they were $6 a pair. The United States developed shoes that were very cheap so everyone could buy them. According to text 1 “...the United States advertised an affordable rubber soled shoe that cost just sixty cents a pair.” The first shoes for the olympics were made in 1963 with metal spikes on the bottom. Today sneakers range fro many different prices and some are very expensive. Sneakers have gone through a lot of changes in their history and that is one of the reasons they are so popular.
In addition, sneakers aren’t the most popular shoe for no reason,the shoes are comfortable, have foam,plush soles.For example, source one states “Breathable,nylon fabric to replace heavy canvas’’, which makes consumers want to buy more, sneakers
Quality: Customers expect a good quality brand that is consistent. These expectations are not constant, as they change over time and usually become more demanding (Slideshare.net, 2015). Consumers want the same quality shoe as Nike. They want support on their feet and ankles, sustainable and light material. The shoe must also be breathable (Slideshare.net, 2015).
Since its creation, Nike has proven itself as a popular brand and it has created niches by selling products such as footwear, apparels and various types of sports equipment. This paper will attempt to trace the product development of Nike shoes from its origins in conception and design to the manufacturing and production process located in contract factories in developing countries to advertising and marketing of Nike as a cultural commodity and finally, the retailing of the footwear around the world.
When you think of athletic footwear what are your first thoughts? Nike? Under armor? Skechers? K-Swiss? All these companies have a common type of product/category called athletic footwear that they all sell and make a huge profit from. Throughout our analysis we will focus primarily on the United States Market industry compared to the International industry in athletic footwear/ running shoes. Within the United States there is a wide variety of different types of shoes but one of the most trend setting shoes that provide the most income are athletic footwear/ running shoes. The United States has over 10 billion dollars of revenue of profit that the athletic footwear industry provides and is one of the
This recent reality, combined with globalization, is forcing companies to forge new kinds of relationships with buyers and countries. The financial valuation of companies are taking ever greater account of intangible elements, such as brands, patents and the company’s general image, with companies being bound to take account of these things in an effort to satisfy their shareholders. Environmental protection has become a highly motivating factor, and companies are being pressed to identify stakeholders with whom to team up. With brand value and reputation increasingly being seen as one of a company’s most valuable assets, CSR is now seen as building loyalty and trust amongst shareholders, employees and customers ( Tssa, (n.d.)).
Market analysis C & J Clarks LtdCONTENTSEXECUTIVE SUMMARY1.INTRODUCTION2.COMPANY HISTORY AND PROFILE2.1C&J Clark2.2History2.3Manufacturing2.4Range of Shoes2.5 K Shoes3.MARKET ANALYSISA. MICRO ENVIRONMENT3.1 Market Data3.2Competition3.3Consumer demandB. MACRO ENVIRONMENT3.4Political3.5Social3.6Technological3.7Economic4.SWOT ANALYSIS5.IDENTIFICATIONS OF STRATEGIC ALTERNATIVES6.RECOMMENDATIONS6.1Short Term6.2Medium Term6.3Long TermEXECUTIVE SUMMARYI have been asked by C & J Clark Limited (Clarks) to prepare a report which would include a market analysis of the UK footwear industry and to propose a number of strategic recommendations which would ensure that Clarks secures its short, medium and long term future as the market leader in the shoe
The report is about Nike, regarding the case study. The report elaborates on the aspects including buyer behaviour, brand image, consumer decision making, and marketing research techniques applicable to Nike. 3.0 Introduction Nike is the worlds number one sports shoe company. In the US Nike dominates 35% (source: see appendices) of the sports shoe market and its products are sold in more than 140