Industry Analysis & Industry Trends
The rise in offshoring activity in the Hosiery Mills industry has driven industry globalization and downstream demand from consumers who demand quality products at low prices. As a result, many operators have offshored a large portion of their manufacturing capabilities in an attempt to reduce costs and remain competitive. In the coming years, improvements in downstream demand, driven by increased consumer spending, are anticipated to somwhat increase sales of domestically produced hosiery and socks... purchase to read more
Industry Report - Starting a New Business Chapter
New firms in the Hosiery Mills industry have difficulty in establishing their product in the market place due to a relatively high numbers of competitors promoting largely homogenous products. This environment makes it difficult for new players to differentiate themselves in any meaningful way to lure consumers to their product over more established brands.
A significant financial outlay is also required to purchase a plant and the necessary equipment. It is costly to develop and test new products and there are high advertising costs associated with promoting new products. Loyalty to existing products can make it difficult for new manufacturers to attract sales... purchase to read more