With shoe giants Nike and Reebok hogging the spotlight, K-Swiss wasn't very well known among consumers during the 1980s. K-Swiss was a struggling shoe manufacturer that was drowning in bankruptcy, but a man by the name of Steven Nichols saw something special in K-Swiss's Classic K-Swiss shoe. Mr. Nichols at the time was the Vice President of Merchandise for a shoe marketer called Stride Rite. The now famous K-Swiss Classic caught Nichols' eye because it was what he called a 50-year shoe which meant a shoe that has the ability to maintain a significant audience for many years to come. Nichols urged his bosses to purchase the lowly company, but they rejected the idea leaving him to make a life changing decision. The original founders (Art and Earnest Brunner) of K-Swiss were not very familiar with the shoe industry. Under their ownership, financial data showed that the company struggled among American consumers compared to those who were located overseas. Not capitalizing on K-Swiss's potential, the Brunners eventually sold their business to Nichols and his group of investors for 20 million dollars. Nichols understood the heavy baggage that was left by the now successful company during the 1980s, but the quality of their sneakers was just too good to pass on. With the right marketing techniques and right financial moves, K-Swiss became a booming large small business. Reaching young trendier "MTV" audiences (consumers) catapulted their success in the shoe industry with the help of larger companies such as Proctor and Gamble. Their success gave birth to their famous slogan "Put your spin on it" on some of their shoes.
Any information regarding K-Swiss was found at their official website at www.kswiss.com
Further details regarding Steven Nichols career was found at forbes.com
Published by Jrebound
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1 Comments
Post a CommentCAN SOMEONE PLEASE HELP ME? IAM LOOKING FOR A K-SWISS SHOE I BOUGHT MANY YEARS AGO,AND IT IS JUST NOW GETTING TO WHERE I CAN'T WEAR IT ANY MORE.
THE NUMBER ON THE SHOE IS 9902122 AND 38823/K-53. IT HAS OPEN TOE AND SLIDES ON WITH OPEN HEEL.IT IS WHITE WITH THE LOGO ON TOP OF SHOE LIKE ON TOP OF MY FOOT.
WILL SOMEONE PLEAS HELP ME?I NEED THIS SHOE FOR MED. REASONS.THANK YOU,DONNA
I MAY BE REACHED AT 409-722-5119 OR 1119-SPURLOCK RD. NEDERLAND TEXAS 77627,OR HUMMINGBIRDDG50@GMAIL.COM