As we are entering Black History Month and the events of this weekend with a Multimillion Dollar Release of the Tuskegee Airmen inspired story RED TAILS and Martin Luther King Jr. Birthday and National Holiday that WCN Transmedia Group in association with The Africa Heritage Society’s 2011 Freedom Award Winner International Goodwill Ambassador salute The Honorable Jack Sims, Chairman, CEO & Managing Director of SSS4THEWORLD.COM and his team who have entered into the 20 Billion Dollar a Year Shoe and Apparel Industries. Why is this significant? Because it is estimated by 2015 African American’s wIll spend 1.1 Trillion dollars. SPEND. Companies who properly position themselves to tap that market for Organizations, Non-Profits, NGO and those Entrepreneurs that understand the opportunities afforded through Trasnsmedia Brandcasting can see clearly the opportunity. Ask the CEO of Zappos who started his online shoe business and was bought out by Amazon. Congratulations to the SSS4THWWORLD.COM A GLOBAL COMPANY SERVING THE NEED FOR FOOT HEALTH & WELLNESS.
WCNTV is developing a Transmedia Brandcasting Alliances with Companies that support connecting people of African Descent to their Social, Cultural and Economic Heritage while serving the world without respect to race creed or national origin.
We are honored to include http://www.sss4theworld.com among those businesses that represent the economic opportunities for International Businesses launched that share revenue. Contact the SSS4 Team to learn how their programs can assist your organization in your Fund Raising Efforts. Jay O’Conner Chairman & CEO WCNTV
DLet’s examine this industry and why there has never been a better time to learn from the examples set by this great business opportunity.
Here is a little research and why there is something very special about this company and its approach to Global Distribution of Quality Footwear. Remember every great business starts with a great Mission.
Of course inquiring minds what to know about the industry. Check out the incredible upside.
Establishments in this industry are primarily engaged in the retail sale of men’s, women’s, and children’s footwear; these establishments frequently carry accessories, such as gloves, socks, and hosiery.
According to the National Shoe Retailers Association (NSRA) in 2008, the footwear industry generates $48 billion per year, of which independent retailers contribute about $9 billion annually, or approximately 20 percent of footwear distribution.
Establishments in this industry were either chain stores or individually owned stores. The National Retail Federation categorizes the vast majority as franchises that belong to large chain operations. Parent company involvement varies in daily franchise operations. This industry further divides itself into family shoe stores, which sell a broad range of sizes and styles, and specialty shoe stores, where a specific selection (such as athletic footwear or women’s footwear) is offered exclusively. Athletic shoe stores were the largest specialty category. Other outlets, such as department stores, apparel stores, vendor outlet mall stores, and mail-order catalogs, also generate shoe sales.
Every year U.S. consumers spend over $20 billion in footwear. Products sold in this industry fall into several general categories, including athletic footwear, dress shoes, casual shoes, sandals, work/duty footwear, hiking/hunting/fishing boots, western/casual boots, and “other.” In 2006 casual shoes made up 52 percent of the market, athletic shoes made up 31 percent, and rugged and dress shoes accounted for the rest. In 2003 1.97 billion pairs of footwear were sold in the United States. Sales in stores devoted only to footwear earned $22.6 million that year.
According to industry statistics, there were an estimated 29,360 shoe stores valued at more than $27.9 billion with industry-wide employment of about 188,866 workers in 2009. Shoe stores constituted the majority or 69.3 percent of the industry total with sales of an estimated $24.3 billion. The athletic footwear category was responsible for 11.4 percent with shipments totaling $502.7 million. On average, shoe stores employed seven workers who generated sales of about $2.2 billion. The majority of shoe stores were located in California, Florida, New York, Texas, and Pennsylvania.
Of the estimated 30,000 shoe stores reported in 2010, about 50 shoe stores were responsible for 80 percent of industry sales. Women’s casual and dress shoes account for 30 percent of the industry total; men’s athletic shoes constitute 20 percent; men’s casual and dress shoes held 15 percent; and women’s athletic shoes the remaining 10 percent. More than half of shoe retailers are considered family shoe stores, which carry shoes for women, men, and children of various styles.
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