Global Sneaker Market Growth Slowed in 2023
Following two years of double-digit gains coming out of the pandemic, branded athletic footwear sales grew just 6.7% last year to $98,726 million from $92,524 million, slowing by nearly half from 11.3% growth rate in 2022. The winners still outnumbered the losers, but seven companies posted declines last year compared to just three prior. The dollar weakened slightly compared to the Euro but continued to strengthen against the yen, somewhat distorting results for companies reporting in non-dollar currencies. Macro headwinds affecting the market evaporated last year, including supply chain delays and ... Log in to view full article.