Flip flops are common and a trendy footwear nowadays here in the Philippines but did you know that flip flop business in the U.S. is a $20 billion dollars industry? Just known about that. It’s not far-off that flip flops are also big here in the Philippines and it might be not yet late and a good idea to start a business on this industry here in the country.
Flip flops have replaced the running shoe, said Marshal Cohen, chief industry analyst with the NPD Group. “It’s one of the few categories that, even during the recession, continues to do well,” he said. “Flip-flops, from even before the girls wore them in the White House, under Bush, have been a staple item in the wardrobe.” From an article at CNNMoney.
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