shoe industry analysis.edited.docx

Demographic segment the demographic factors and

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Demographic Segment
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The demographic factors and variables have also had some significant impact on the growth and development of the shoe retail industry in the United States of America. There has been a steady increase in the population of the country which has over the years led to the increase in the availability of a ready market for the various shoe products. The population changes regarding the age, sex, and race and affluence level have also been a determiner in the growth of the given industry. This is because the given demographic factors have continued to shift over the years thus favoring the consistent growth of the shoe industry due to the provision of ready labor and the availability of a ready market for the retail products. Global Segment Different global and international factors have also affected the retail shoe industry in the USA. The exchange rates of the currencies of different countries also affect the shoe industry as it has an impact on the level of international trade and the expansion of the different retail shoe companies into other regions. The availability of some trade agreements and even regional trading blocs with the USA also greats affects the shoe industry. This is because the various treaties and bilateral agreements such as NAFTA also have an impact on the international trade concerning the local shoe retail companies and other international firms. Additionally, the political relations of USA with other foreign countries also affected the retailing shoe industry as it has an impact on the level of trade that can be undertaken between the various countries hence hostility in relations may affect the conducive environment for doing business. The recent trade wars of USA with other nations such as Canada, China, and EU have also had an impact on the shoe industry. References Grant, R. M. (2016). Contemporary strategy analysis: Text and cases edition . John Wiley & Sons. Hortaçsu, A., & Syverson, C. (2015). The ongoing evolution of US retail: A format tug-of-war. Journal of Economic Perspectives , 29 (4), 89-112. Quan, T. W., & Williams, K. R. (2017). Product variety, across-market demand heterogeneity, and the value of online retail.
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