After 2021’s rebound of more than 30% from pandemic lows, branded athletic apparel sales grew a modest 5.2% last year to $121,294 million from $115,253 million, significantly underperforming sneaker sales, which increased 14.0%. The U.S. market turned in a mid-pack performance after 2021’s blowout, increasing just 6.4% to $53,053 million from $49,853 million. The strong U.S. dollar appreciated 12% against the Euro and 20% against the yen last year, and distorted results for companies that report in foreign currencies, pushing U.S. sales up and reducing their growth rate in dollars. Europe ... Log in to view full article.