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Have any of you guys been in the "shoe" business?
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<blockquote data-quote="susiestar" data-source="post: 387682" data-attributes="member: 1233"><p>Donna, the small size of children's shoes mean that they are much harder to manufacture. They take less material but very specialized machinery, which is one reason they are so expensive. As children's feet are still forming and are very malleable, children should NOT have used shoes for their everyday wear all the time shoes. For dress shoes or special occasion shoes it is fine to wear hand me down shoes or used shoes because they are not worn for days on end. Wearing used shoes every day means that your child's feet will be molded by the way the shoe changed to fit the original wearer's feet. It can make any problems your child has with her feet much worse because the foot will adapt to the shoe instead of the shoe adapting to the foot.</p><p> </p><p>I am not sure what the profit margin is, but it has to be very high or shoes would not be so horrendously expensive. For some reason the market has set the price for shoes very high. I still am mind boggled when I see "normal" athletic shoes priced at over $100! </p><p> </p><p>I did a search for the average profit margin for hte shoe industry and came up with this:</p><p> </p><p>According to the Annual Retail Trade Survey of the Bureau of Census, the annual gross margin as a percentage of sales for shoe retail industry is 42.6% in 2002. This is relatively high compared to food and beverage stores with 28.5 gross margin, gasoline stations at 19.3 and electronics/appliance stores at 27.8%.</p><p> </p><p>Here is a link to the site - it is info about setting up a retail shoe store: <a href="http://www.powerhomebiz.com/vol137/shoestore2.htm" target="_blank">http://www.powerhomebiz.com/vol137/shoestore2.htm</a></p><p> </p><p>I hope that your friend is able to make a wise choice. There are a TON of scams out there. You might gently remind her that if something seems too good to be true, or almost too good to be true, then it is too good to be true. The number one reason that new business ventures go under is that they are under funded at the start.</p></blockquote><p></p>
[QUOTE="susiestar, post: 387682, member: 1233"] Donna, the small size of children's shoes mean that they are much harder to manufacture. They take less material but very specialized machinery, which is one reason they are so expensive. As children's feet are still forming and are very malleable, children should NOT have used shoes for their everyday wear all the time shoes. For dress shoes or special occasion shoes it is fine to wear hand me down shoes or used shoes because they are not worn for days on end. Wearing used shoes every day means that your child's feet will be molded by the way the shoe changed to fit the original wearer's feet. It can make any problems your child has with her feet much worse because the foot will adapt to the shoe instead of the shoe adapting to the foot. I am not sure what the profit margin is, but it has to be very high or shoes would not be so horrendously expensive. For some reason the market has set the price for shoes very high. I still am mind boggled when I see "normal" athletic shoes priced at over $100! I did a search for the average profit margin for hte shoe industry and came up with this: According to the Annual Retail Trade Survey of the Bureau of Census, the annual gross margin as a percentage of sales for shoe retail industry is 42.6% in 2002. This is relatively high compared to food and beverage stores with 28.5 gross margin, gasoline stations at 19.3 and electronics/appliance stores at 27.8%. Here is a link to the site - it is info about setting up a retail shoe store: [URL]http://www.powerhomebiz.com/vol137/shoestore2.htm[/URL] I hope that your friend is able to make a wise choice. There are a TON of scams out there. You might gently remind her that if something seems too good to be true, or almost too good to be true, then it is too good to be true. The number one reason that new business ventures go under is that they are under funded at the start. [/QUOTE]
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Have any of you guys been in the "shoe" business?
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