Ten Days of Holiday Innovators, 2018: Day 2 – Okabashi Footwear
To kick off the 2018 holiday shopping season, Coresight Research will feature daily profiles of 10 innovative companies that span health and wellness; apparel, footwear and accessories; and, beauty. Each of our Ten Days of Holiday Innovator profiles gives you a company overview, insight into what makes the company innovative, and the company’s recommended “must-have” gift for 2018.
- The 2018 holiday shopping season is expected to be a healthy one.US consumers are expected to spend an average of $1,007 this holiday season,1% more than they planned to spend last year, according to the National Retail Federation (NRF) annual holiday spending survey, conducted by Prosper Insights & Analytics.
- Okabashi is a Buford, Georgia-based footwear manufacturer specializing in designing and manufacturing comfortable shoes for both men and women founded in 1984.Okabashi is known for flip flops and sandals.The company markets via a network of retail stores as well as online to US and international customers.Being quintessentially American is a central theme in its brand messaging while wellness and reflexology are key tenets behind its products.
- The company’s sustainability efforts include closed-loop recycling to minimize environmental waste and shoes that are 100% recyclable.
Fully 78% of Consumers Plan to Self-Gift this Holiday Season
Coresight Research’s Ten Days of Holiday Innovators series profiles innovative companies offering distinctive holiday-suitable gifts. In this we report, we look at Okabashi footwear.
The 2018 holiday shopping season is expected to be a healthy one. Consumers in the US are set to spend an average of $1,007 this holiday, 4.1% more than they planned to spend last year according to the National Retail Federation’s (NRF’s) annual holiday spending survey, conducted by Prosper Insights & Analytics. According to Deloitte’s annual holiday survey, 78% of consumers also plan to self-gift this holiday.
Okabashi is a Buford, Georgia-based footwear manufacturer specializing in designing and manufacturing comfortable shoes for both men and women founded in 1984. Okabashi is known for flip flops and sandals, and markets via a network of retail stores as well as online to US and international customers.
Being quintessentially American is a central theme in its brand messaging while wellness and reflexology are key tenets behind its products. The company’s sustainability efforts include closed-loop recycling to minimize environmental waste and shoes that are 100% recyclable.
Okabashi has carved a niche creating shoes that focus on comfort. Its shoes are all made in the USA at its facility in Buford, GA giving it an “All-American” appeal.
Another feature is that its shoes are 100% recyclable.
Company Items of Interest
Okabashi is based in the small town of Buford, GA, 40 miles north of Atlanta. This town has a rich history of shoe making, dating back to the early 1900s when it was known as the “Leather City.”
Flip Flops and Sandals Market
According to a report published in 2018 by Wiseguy reports.com, the global flip flop market was estimated to be worth $9.2 billion in 2017 and is expected to rise to $13.8 billion by the end of 2025, and to grow 5.2% per annum between 2018 and 2025. Global flip flop production was around 3 billion pair in 2017, and it is predicted to reach 4.2 billion pair in 2025.
At present, women’s flip flops account for the largest share of market, around 40%.
Revenue in the US footwear market in 2018 is expected to total $83.8 billion and expected to grow 2.6% per annum, according to Statista. Revenue in the sandal, textile footwear and other footwear segment in 2018 is expected to be $33.1 billion and to grow 2.1% CAGR annually through 2021.
Industry Collaborations and Awards
Okabashi was named “Medium Manufacturer of the Year” (for companies between 100 and 199 employees) in the 2018 Movers & Makers Awards organized by Partnership Gwinnet in collaboration with Gwinnet Technical College.
Must-Have Gift Recommendations This Holiday
Women: Maui flip flop
This is Okabashi’s best-selling women’s style, and it provides therapy for the feet with every step. It is non-slip, flexible, washable and provides support to make it an appropriate post-workout shoe, or for everyday wear.
Source: Maui Flip Flop; Okabashi Website
Men: Eurosport sandal
This versatile all-star men’s style is suitable for everyday wear, post-workout, and is non-slip for the shower.
Source: Eurosport Sandal; Okabashi Website
Leveraging Social Media
Okabashi’s holiday offerings will be announced through the brand’s social media sites including Instagram (@okabashishoes), Pinterest (@okabashishoes), Facebook (@Okabashi) and Twitter (@okabashi).
Where the Company’s Products Are Sold
Okabashi flip-flops, sandals, slides and clogs are also sold at CVS, Walgreens and other major pharmacies.