Wednesday, May 6, 2020
Converse Hits the Shoe Industry - 1602 Words
Background In 1908 Marquis Mills Converse opened the Converse Rubber Shoe Company in Malden, Massachusetts. The manufacturing company made rubber shoe, providing winter rubber soled footwear for men, women, and children. By 1910, Converse was creating 4,000 shoes daily, but it was not until 1915 that the company began making athletic shoes for sports. In 1917 Converse All-Star basketball shoe was introduced. Then in 1921, a basketball player named Charles H. Chuck Taylor walked into Converse complaining of sore feet. Converse agreed to design him a shoe if he becomes the face of the brand, in which he accepted. Chuck Taylor began promoting Converse shoes around the United States, and in 1932 Taylorââ¬â¢s signature was added to the All Star patch on the classic, high-topped sneakers. It is worth mentioning that Converse also customized shoes for the New York Renaissance, the first all-African American professional basketball team. On March 2, 1962, Wilt Chamberlain, an American basketball player for the Philadelphia Warriors, scored 100 points in a game while wearing his pair of Chucks, taking a 169ââ¬â147 victory over the New York Knicks. Throughout the 1960ââ¬â¢s- 1970ââ¬â¢s Converse launched a new athletic performance footwear, apparel and accessories for basketball, tennis, football, track, wrestling and other sports. By this time well known athletes could not wait to own a pair of Converse shoes. A decade later Converse invests in athletic biomechanics research, leading to technicalShow MoreRelatedConverse : More Than Just Shoes1640 Words à |à 7 PagesConverse: More than just shoes The Chuck Taylor or Converse as everyone knows them, are everlasting icons of American culture. Everyone wears chucks from James Dean in the 60ââ¬â¢s to Michelle Obama now. The range of owners of converse is astounding. The range of use in converse is amazing. The Chuck Taylor has been named one of the most influential shoes of all time. Sixty percent of all Americans have owned a pair of Chuck Taylors at least once in their lives. (History) Converse was founded in 1908Read MoreConverse Brand Strategy2046 Words à |à 9 Pageswith another or others; exchange views, opinions, etc., by talking. MARKET Brand share 2007 [pic] Past seven years have seen a decline in the footwear market as the popularity of cheaper ââ¬Å"low performanceâ⬠wear increases (sector includes Converse) although there is a lack of more recent data available. However, during the economic downturn even the ââ¬Å"low performanceâ⬠segment has struggled. From 2003 to 2004, the market for athletic apparel and footwear grew by almost $7.5 billion, 12% BetweenRead MoreNike Swot Analysis1214 Words à |à 5 Pagesupstart sports shoe brand being sold out of the back of the trunk of its ownersââ¬â¢ cars at track meets, through the 80s and 90s when it lavished multi-million dollar endorsement deals on sports icons. Following is a SWOT (strength, weakness, opportunity and threat) analysis of this great American business enterprise. Strengths: Marketing expertise Nike is a marketing trailblazer. Its commercials are so unique and iconic that every new advertising campaign is analysed by industry watchers andRead MoreIndustry Analysis Paper2047 Words à |à 9 PagesAthletic Footwear Industry Analysis When you think of athletic footwear what are your first thoughts? Nike? Under armor? Skechers? K-Swiss? All these companies have a common type of product/category called athletic footwear that they all sell and make a huge profit from. 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The Blue Ribbon Sports Company had business relations with Onitsuka Tiger for nearly ten years and in 1972 the two hit a bump in the road. Due to a dispute over dist ribution there was an eventual sever in business dealings between the two companies. That same year the Nike line of footwear made its debut in February at a Chicago sporting goods show. At the 1972 Olympic
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