Being able to save money and be able to buy a proper brand at a regular shop, even if on sales, it was a big deal, and many times reserved for special occasions like a birthday, Christmas, some achievement at school.
Nowadays I would not think twice of just ordering whatever from Temu and friends, other than if they actually would fit my size.
The west has done this to ourselves, devaluing any kind of product in the search of the cheapest manufacturing possible, while keeping the push for exponential profit margins.
That being the case, why not buy directly to the same factories.
Naturally they are only collecting what they planted, and unfortunely all local economies suffer from the side effects from this, in jobs, and acquisition power.
Big brands have embraced the dollar stores and outlet centres. They ADMIT that it's just a name on the box.
Outlets sell specifically made lower cost versions of products that are made to look similar. Costco? Same deal with many versions of clothes and shoes they sell.
Chinese brands at least still segment this fairly decently where if you know what you're looking for, you can get the quality you're hoping for. They're more likely to just spin off another brand at a different quality rather than dilute the image of one that has reputation.
But the performance athletic shoe market is completely different. Real athletes still buy a lot of expensive shoes and they'll absolutely switch brands the moment they notice a drop in quality. I've seen this happen among my friends. No shoe company can ride on brand equity for long in that market.
When you go to the market to buy socks, it's a little difficult not to find socks without logos like nike, addidas, gucci, prada, etc.
If you wear the real deal, everyone will think it's fake, or perhaps "worse", they will think nothing of it.
You can buy high quality fakes, or low quality. Or even the real deal, straight from the factory, just without the final stamp of approval.
Which means it is always more profitable in the short term to cut costs by reducing quality but keeping the high prices.
It also means it is often more profitable even taking the long term into account because you are better off getting the money sooner (and being able to reinvest it elsewhere) - "the time value of money".
Are the other brands that took some Nike's market share not "made in the third world with minimal cost"?