(running shoes and other shoes intended for physical activities), and sales also saw an increase as well. Nike sold nine of the top ten athletic sneakers (sneakers intended for leisure) in 2021. For footwear sales overall, sales hit $100 billion, according to a report byFootwear Distributors and Retailers of America in Footwear News
Sneakers are big business. In February, Authentic Brands Group announced anew and enhanced partnership
with Foot Locker for the Reebok brand within the U.S. Through this agreement, Foot Locker and its brands will deepen their assortment with Reebok and will exclusively carry selectReebok footwear models for men, women and kids in its company-owned stores and complementary e-commerce websites in the U.S. This includes basketball footwear and collections including styles from basketball players Allen Iverson and Shaquille O'Neal in the U.S. Foot Locker will work with Reebok Design Group, the global brand hub for design, development and innovation, and the supplier of core product categories. Foot Locker anticipates the rollout of an expanded Reebok assortment across its various banners to begin in the fall.
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