Q4 revenue grew for athletic shoes
(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 by
Footwear Distributors and Retailers of America in Footwear News
Sneakers are big business. In February, Authentic Brands Group announced a
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 select
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