Global Sneaker Market Expanded 14.0% in 2022
Decelerating to about half the growth rate of a year before, branded athletic footwear sales turned in a still impressive 14.0% gain to $94,831 million last year from $83,206 million, despite early supply constraints for most brands stemming from the Q3 ’21 Vietnam sneaker factory shutdowns. Every brand on our list except for Fila and Vans posted growth last year, and every geography also improved. The strong dollar, which appreciated 12% against the Euro and 20% against the yen, somewhat distorted results, both pushing U.S. sales up, and reducing the growth ... Log in to view full article.