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Monday, April 22, 2024
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Brooks Passes $1B In Revenue For First Time

Brooks-Running
Brooks Running/Design: Alex Brooks

Brooks Running’s global revenue for 2021 grew 31% year-over-year to more than $1.11 billion — marking the company’s first billion-dollar year.

The brand sold 25% more shoes globally than it did in 2020, with global revenue doubling since 2017. It also made a significant impact in the U.S., where the running shoe market increased 20% year-over-year. 

Brooks took the top market share spot in the country for adult running shoes — beating Nike and Adidas — with 28% dollar share, according to The NPD Group. 

  • Brooks ranked second in adult performance running footwear with 19% dollar share.
  • The company’s direct e-commerce revenue in North America jumped 149% from 2019.
  • Brooks produced the top two franchise styles in adult performance footwear. The Brooks Adrenaline GTS 21 was in the top 10 best-selling sneakers in 2021.

Despite the strong reports, Brooks said its global business operations were still affected by supply chain challenges due to COVID-19.

Moving Forward

Brooks said it plans to continue investing “in mining human and science-based insights, engineering fit, feel and ride, leveraging proprietary technologies, creating franchise products, and delivering designs.” CEO Jim Weber told Footwear News the company has no plans to open more brand-owned stores in the U.S.

In June, Brooks also announced plans to achieve net zero carbon emissions by 2040.

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