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 Investment Chapter
The Hosiery Mills industry has a medium level of capital intensity. IBISWorld estimates that for every dollar spent of wages, industry operators will spend $0.17 in capital investment. Capital investment is mainly in machinery and equipment. Industry operators are also increasing usage of leasing arrangements to finance capital expenditures. Over the past five years, capital intensity increased slightly; in 2008, for every dollar spent on wages, industry operators spent about $0.16 in capital investment. However, expenditure on wages accounts for a significantly larger proportion of revenue than for capital.
Over the five years to 2013, manufacturers have invested heavily in automated processes that cut down on wage expenses and produce greater production efficiencies... purchase to read more