Do you get excited when your favorite shoes go on sale?
How excited would you be if you could buy a pair of new Adidas shoes for $1??
Adidas who is German owned, and one of the biggest sportswear and equipment maker in the world announced they will launch a shoe costing
one dollar a pair in India.
Adidas has previously considered a similar initiative of selling a one-dollar shoe in Bangladesh last year, but reported losses in the initial test batch of 5,000 pairs, adding that the shoes cost three dollars to make and $3.50 had to be paid in import duty, that doesn't add up!!
Adidas wants to break into the huge market in India, whats better then selling a shoe for $1.