Artemis Sportswear Case Study
Team Final Paper
COMM 215

Artemis Sportswear Case Study
In these weak economic phases, when many corporations are going out of business or right sizing, Artemis Sportswear will have to take steps to improve commerce and revenue in hopes of survival. They must compete against similar enterprises and other sportswear corporations larger and have significant production facilities overseas. Also they must contend where labor costs are less expensive and increase in profits are happening. Nevertheless, there are still ways that they are looking to cut cost but still improve earnings. The three main focus points are reducing domestic direct labor costs, transferring production to lower cost foreign locations, and cutting operational expenses.
Background
Artemis Sportswear Company is a company located out of Jacksonville, Florida that distributes ever type of sportswear from head bands to athletic shoes. Artemis Sportswear has been around for seven years but is in a market with increased competition, tight budget, and regulation changes. The company is looking at profit loss if something is not done. The company’s past sales history, current and projected business plans, and budget one can conclude what is taking place. This is why Artemis sportswear is in the process of figuring ways to cut back on some of their expenses and still increase the profit growth.
Labor Costs
In today’s cutthroat business existence, this firm faces challenging choices concerning costs. Labor (employees) is one area where operational costs can be slashed. Overtime, outsourcing, benefits, retirement, and salaries are other areas that can be examined to cut expenses. Overtime pay can be very costly to companies. Companies generally pay time and half and double time when employees work an excess of 40 hours and for holidays. To cut expenses, overtime must be