July 14, 2017
Led by double-digit growth in Asia/Pacific, the wholesale value of the global athletic footwear market totaled $57,971 million in 2016 compared to $53,431 million the prior year, our annual study of the sneaker market found.
Growing consumer confidence and continued growth in the student population will fuel a 10% increase in Back-to-School spending to $83.6 billion compared to $75.8 billion last year, according to a poll conducted by the National Retail Federation by Prosper Insights and Analytics.
Unadjusted sales of sporting goods/hobby/book and music stores were down 4.7% for the first six months of the year to $38,694 million, according to Commerce Dept. data.
The company will become the official conservation sponsor of the organization and a number of its brands will be official partners.