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
Expenditure on wages accounts for a significantly larger proportion of revenue than for capital. IBISWorld estimates that a typical firm within this industry uses $0.18 of capital for every dollar for labor. This ratio indicates a medium level of capital intensity. Companies make capital expenditures for replacements and improvements of machinery and equipment. They are also increasing usage of leasing arrangements to finance capital expenditures.
Capital intensity rose slightly in the early 1990s as firms attempted to maintain competitiveness by investing in new technologies. However, in the early 2000's, firms spent less on machinery and equipment in order to cut costs... purchase to read more