Industry Analysis & Industry Trends
This declining industry has experienced falling revenue over the past five years. Changing consumer preferences and increased competition from imports has caused declines in demand for domestic hosiery and sock products. Industry players are challenged with innovating and developing products that stimulate demand to recapture some of the sales lost over the past decade. Firms that can encapsulate consumer requirements and offer hosiery and sock products that enhance their satisfaction will be in a better position to grow in a shrinking environment... purchase to read more
Industry Report - Industry Products Chapter
Cotton and cotton blend socks
Cotton and cotton blend socks make up the largest product segment for the Hosiery Mills industry, representing about 33.9% of total revenue. This segment includes athletic, casual and dress socks for men, women and children. In the five years to 2013, this segment's share of revenue has increased despite the overall downturn of the industry; socks are viewed as necessities and, therefore, demand has not fallen significantly over the period. To this end, this product segment accounted for about 30.6% of industry sales in 2008.
Women's pantyhose are expected to make up the second largest product segment for the industry, accounting for 31.4% of industry's sales in 2013... purchase to read more