The footwear industry is an important segment of the leather industry in
India. India ranks second among the footwear producing countries next to China. It is
a labor-intensive industry with concentration in the small and cottage
industries. India produces more of gents' footwear while the world's major production is
in ladies' footwear. The major production centers in India are, Jalandhar in
Punjab, Chennai, Ranipet, Ambur in Tamil Nadu, Mumbai in Maharashtra, Agra and
Kanpur in UP and Delhi.
Previously, Bata India was the most prominent player in Kolkata who
marketed their goods through multiple stores. Now there are various prominent players
in the market, such as Khadim's, Sree Leathers, Elite Footwear and the like.
They mostly cater to the needs of the middle class segment.
There are numerous other small manufacturers (unbranded) who cater to the needs of the lower
income segment. There are also brands catering to the needs of the higher income
group like Woodlands, Mochi, Reebok, Nike and Adidas.
The present study attempts to identify the various factors that influence
the purchase decision of individuals. Shoes are necessities, and hence, are
purchased by people of all income segments. Marketing mix is a set of marketing tools
that the firm uses to pursue its marketing objectives in the target markets.
It includes four variables—product, price, place and promotion (4 Ps). It also
includes everything the firm can do to influence the demand for products. The
manufacturers and marketers formulate various strategies based on these factors. This
study considers the influence of these factors on the customers on the basis of
importance assigned by them to these factors. Identification of the factors will help them
to tailor their marketing and manufacturing efforts to take advantage of
these influences in a way that will satisfy both the consumers and marketers.
The paper helps the companies to deeply understand the consumer behavior
so that they can formulate effective strategies and help develop the company
and the industry at large. |