Retail Industry
Industry: Email Alert RSS FeedPANELISTS TALK M&AS, RETAIL AND BRAND BUZZ.
Footwear News, March, 2007 by Derby, Meredith
Byline: Meredith Derby
NEW YORK - With the meteoric rise of the athletic-casual footwear market, the big question has become: What will it take for performance shoes to rebound?
According to one panelist during a recent Footwear News financial roundtable, a turnaround in the overall athletic market could be dependent on $16 billion athletic powerhouse Nike setting the bar higher.
"It's going to take Nike to come out with the new acceptable fashion technical product" to renew consumer interest in the athletic footwear market, predicted panelist Sam Poser, who for 20 years was a buyer for retailers such as Sports Authority, Champs and Bloomingdale's, prior to becoming an equity research analyst for the past four years.
The state...
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