New Balance Sales Jumped 23% Last Year
While not surprising given its recent brand heat called out by Foot Locker, StockX and other retailers, New Balance handily outperformed its larger rivals with a 23% revenue increase to $6.5 billion. Sales have nearly doubled from the pandemic year, where they tallied $3.3 billion, and apparel sales topped $1 billion for the first time. Much of the 2023 gain came from Europe, which grew over 35%, with the U.S. contributing a more than 20% improvement. NB has ... Log in to view full article.
