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Study Finds Slump in Foot Care Sales
Posted: March 23, 2007
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The foot care market, however, is expected to increase, according to the report. The report expects the market to increase 8% in current terms to US$616 million by 2011. This represents a decline of 9% in constant terms. If private label version become more popular than anticipated, the report expects sales to be lower than forecasted. The report recommends that producers of foot care products introduce premium products to drive future sales.
Disclaimer: The report did not include Wal-Mart sales into the study which the report estimates to have approximately 24% of all sales in the foot care market.