Just For Feet Incorporation Of South Africa

Just For Feet, Inc. (JFF) was started in 1977 by Harold Ruttenberg (Ruttenberg) in Birmingham, Alabama as a small mall-based store. In 1988, Harold opened his first “superstore” focusing on name-brand athletic and outdoor footwear and clothing. (Just For Feet, Inc.) JFF had its initial public offering in 1994 (U.S. Securities and Exchange Commission) and by 1999, JFF had grown to be the second largest athletic shoe retailer in the United States, with locations in 30 states and annual sales of approximately $775 million. (U.S. Department of Justice) Also, in 1997 and 1998, JFF acquired three smaller athletic footwear and apparel retail companies in increase its expansion strategy. (Just For Feet, Inc.) According to JFF’s 10-K filed with the SEC for the year ended January 30, 1999, these individuals held the following positions at JFF:

When looking at profitability from 2006 to 2007, the ratios show that performance suffered. Profit margin, return on assets, and earnings per share have all dropped. However, net cash provided by operations exceeds 2006 amounts and almost matches that of 2005. Taking all of these ratios into account, Tootsie Roll’s financial standing is strong but could be improved by taking on a loan and investing wisely.

When looking at profitability from 2006 to 2007, the ratios show that performance suffered. Profit margin, return on assets, and earnings per share have all dropped. However, net cash provided by operations exceeds 2006 amounts and almost matches that of 2005. Taking all of these ratios into account, Tootsie Roll’s financial standing is strong but could be improved by taking on a loan and investing wisely.

Throughout the 18th and 19th century, Europe underwent an Industrial Revolution. People began relying heavily on machines. Various countries required resources for their industrial lifestyle, and thus they enforced a policy of imperialism. Imperialism is when a country politically, economically, and socially stronger takes control over a weaker country and utilizes the resources from that country. However, many countries abused their power during imperialism. European nations are guilty of abuse of power in the Congo, India, and South Africa.

Imperialism is when a country extends their control over foreign countries to obtain land that is beneficial to them and this happens in the form of colonies. Many European countries colonized South Africa because of its abundance of many resources that they wanted. The imperialism in South Africa had both positive and negative impacts to different racial groups. While the Europeans benefited the original occupants were oppressed. Through the apartheid, which is racial segregation, black people were separated from each other, they lost political and economic power, and were forcibly removed from their land.

12. In Year 11, footwear companies can expect to sell a.no less than 3.8 and no more than 5.3 million branded pairs and no less than 750,000 and no more than 1.1 million private-label pairs. b.between 7 and 8 million branded pairs and 250,000 and 500,000 private-label pairs. c.an average of 4.84 million branded pairs and an average of 800,000 private-label pairs, although sales at some companies may run higher or lower than the averages due to differing levels of competitive effort. d.exactly 5.244 million branded pairs and 600,000 private-label pairs. e.exactly 4.844 million branded pairs and 800,000 private-label pairs

1235 Winner 's Road Write City, IN 12354 DONALDSON AND LUCIER, LCC has conducted an audit of Apollo Shoes, Inc. balance sheets, the retained earnings, cash flows, and other related statements of income for the year ended December 31, 2006/2007. Apollo Shoes Inc management is responsible for maintaining the effective internal controls that goes along with the financial statements and how well the accuracy is going to be. Donaldson and lucier, LLC has evaluated the effectiveness of the said controls and with everything to see the relevance in the timing, the substantive in quality, and the comprehensive in nature. The responsibility of our firm is to express an opinion that is supported by audit evidence in regards to the accuracy of the Apollo Shoes, Inc. financial statements. Our firm has conducted all audit related services that is accepted by the United States and the generally accepted auditing standards. The planning and performance done ensures that the audit was done to execute and obtain reasonable assurance that the financial statements published by Apollo Shoes, Inc. are free and clear of material misstatement. It is going to include the examination of the evidence and/or the supporting documentation for the amounts that are disclosed and included

The U.S. retail footwear market rose only 0.3% from 2007 to 2008. This increase was $46.6 billion in 2007 to $46.8 billion in 2008. That amount accounted for 24% of the global market that year. The U.S. retail footwear market saw even greater gains in earlier years. During the boom years of the U.S. economy from 2005 to 2006, there were 10% gains which added $4 billion in market value to the U.S. market. From 2004 to 2008 the U.S. retail footwear market grew at a CAGR of three percent.

JUST FOR FEET HISTORY Just for Feet, Inc., headquartered in Birmingham, Alabama, was a retailing company operating numerous retail stores within the United States, specializing in brand name athletic and outdoor footwear. Harold Ruttenberg founded Just for Feet, opening his first superstore in 1988. Just for Feet was one of the first retailers to utilize a store within a store concept, offering vendors distinctive space to display their brand within the store. Harold Ruttenberg’s vision was to offer an upscale experience for customers. His concept paid off when initial sales in the first year surpassed his initial goals.

White voters were allowed only. African people and the national liberation organization to protest against this act but never succeeded.

Factors and trends that made a significant contribution to Big Blue’s profitability can include revenues, cash flow, gross margins and earnings per share (EPS). When discussing the company’s revenue growth, we can see that the company’s lowest point in their first fiscal quarter in 1997 was at $17,308,000.00. Afterwards, the firm’s

Even though the company has been turning in profits, the ineffective collection practice, not availing trade discounts on time and ineffective inventory management has led the company in need of larger financing needs.

Many of the contemporary issues in South Africa can easily be associated with the apartheid laws which devastated the country. The people of South Africa struggle day by day to reverse “the most cruel, yet well-crafted,” horrific tactic “of social engineering.” The concept behind apartheid emerged in 1948 when the nationalist party took over government, and the all-white government enforced “racial segregation under a system of legislation” . The central issues stem from 50 years of apartheid include poverty, income inequality, land ownership rates and many other long term affects that still plague the brunt of the South African population while the small white minority still enjoy much of the wealth, most of the land and opportunities

Just For Feet, Inc. operates retail stores in the brand name athletic and outdoor footwear and apparel market. Just for Feet was found in 1977 with the opening of a small mall based store and opened its first super store in 1988. Because of their success and high sales volume generates by the large store Company has concentrate primarily on develop and refining its superstore concept. As of January 1999, they operate 120 superstores, which 23 superstores opened in fiscal 1997 and 26 superstores opened in fiscal 1998. Just for Feet plans to open 25 stores during fiscal year 1999 and 2000. In 1997, Just for Feet acquired Athletic Attic and Imperial Sports, which are now operated as the specialty store division of the

1. Economic Trigger: It lost money and market share in the 80s’. In 1987, performance was so low that it lost half of its equity.