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The global recession has taken its toll on many companies, as have cheap knockoffs of products. When you can get a comparable product for half the price, why wouldn't you purchase the cheaper product? While such practices may not take a major bite out of the profits of athletic apparel companies like Nike (NKE) or Under Armour (UA), it is having a devastating impact on Russian company OAO Izhmash. Haven't heard of OAO Izhmash, if you haven't, I can almost guarantee that you have heard of its major product: the AK-47. AK47 posts
FeedThe Latest Victim of the Recession: The AK-47
The global recession has taken its toll on many companies, as have cheap knockoffs of products. When you can get a comparable product for half the price, why wouldn't you purchase the cheaper product? While such practices may not take a major bite out of the profits of athletic apparel companies like Nike (NKE) or Under Armour (UA), it is having a devastating impact on Russian company OAO Izhmash. Haven't heard of OAO Izhmash, if you haven't, I can almost guarantee that you have heard of its major product: the AK-47. Continue reading The Latest Victim of the Recession: The AK-47
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