INTERNATIONAL JOURNAL OF LATEST TECHNOLOGY IN ENGINEERING,
MANAGEMENT & APPLIED SCIENCE (IJLTEMAS)
ISSN 2278-2540 | DOI: 10.51583/IJLTEMAS | Volume XIV, Issue XII, December 2025
Apex Footwear Limited began its journey over two decades ago, initially inspired by the leather trade before
gradually transitioning into footwear manufacturing. As the largest shoe manufacturer in the subcontinent, the
company accounts for approximately 15% of Bangladesh’s leather footwear exports, contributing to leather
exports valued at around USD 1.1 billion [4]. Shoemaking being a highly labor-intensive process, the company
employs around 5,500 workers, the majority of whom are women, to manufacture stylish leather footwear. Their
designs are inspired by the latest international footwear trends. As a leading footwear company, APEX takes on
the responsibility of serving as a role model in workforce development and environmental stewardship. The
company’s core values are grounded in the belief of valuing people through continuous growth and creating
pathways for greater achievements. The name “APEX” signifies the peak or zenith, and since 1975, the company
has endeavored to uphold this ideal [5].
The primary objective of this report is to examine customer perceptions of the two leading competitors, Bata
and Apex, within the footwear industry.
Conducting a comparative study on independent variables such as quality, durability, variety, brand
image, price, design, reliability, assurance, and perceived value.
Assessing the price-to-product-quality ratio between the two competitors.
Analyzing the competitive market structure of the footwear industry with a focus on Bata and Apex.
BACKGROUND OF THE STUDY
Perception is the process through which individuals interpret and organize their sensory experiences to make
sense of their environment. However, a person’s perception may differ significantly from objective reality.
Customer perception, as a marketing concept, reflects what customers think about a brand, company, or its
products. It encompasses the positive or negative feelings, beliefs, predispositions, expectations, or experiences
that a customer associates with a brand [6].
Apex Adelchi Footwear Limited ranks as one of Bangladesh’s leading footwear companies, currently occupying
the second position in the market, just following BATA [7]. The company has been operating with a strong
reputation for over two decades, exploring both the domestic and international footwear markets. Apex began
its journey in late 1975 as an export-oriented enterprise and has been recognized from the outset as a
manufacturer of high-quality footwear for the global market. The company has since expanded its offerings to
include children’s products as well as specialized shoes and apparel for men and women. By establishing strong
brand equity among customers, the company can achieve its strategic goals and reach its desired market position.
Founder Tomas Bata was a visionary committed to meeting the needs of the people. In 1904, he introduced
mechanization and mass production to shoemaking and developed the “Batovka,” a working-class shoe noted
for its simplicity, style, lightweight design, and affordability. The Bata brand soon became synonymous with
quality and value, and within just over twenty years, the company was selling 2 million pairs of shoes annually,
with exports increasing dramatically [8].
Both Apex and Bata footwear have customers in North America, Central Europe, and the Middle East. By
establishing strong brand equity through effective pricing strategies and promotional activities, the companies
can not only strengthen their market leadership domestically but also enhance their prospects of gaining global
recognition as top-quality footwear exporters [9]. Today, the footwear industry is a key contributor to
Bangladesh’s economic growth. Following the ready-made garment sector, it has emerged as a primary focus
for investors. This study on customer perception primarily aims to identify the factors influencing consumers’
willingness to purchase footwear.
Numerous studies have examined customer perception across various products. This research, however, focuses
specifically on customer perception in the footwear industry. In this context, only a few Bangladeshi researchers
have conducted comparative analyses of two different footwear companies. Most prior studies concentrated on
single products, gathering customer feedback and analyzing the data [10]. This literature review highlights
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