Kroger Elects Elaine Chao to Board of Directors

[bucolic_frolic]

20. Happens after most takeovers and brand buyouts

My favorite is shoes. Big players buy a good brand and want to profit. So they cheapen the product. Was a big thing in the Great Recession because people weren't buying shoes. After they cheapen the product, consumers move on to other brands. Reebok is said to be on the ropes. Florsheim now part of a conglomerate. Some of the brand owners own multi-line shoe stores, and push the brands they own.

I like to look up my favorite brand to see who owns them now.

There's a reason leather is now a veneer, shoes are made of lightweight fabric. They keep making them cheaper so they can make more money.