As physical retail was temporarily closed, EMEA Digital fourth quarter sales increased 40 percent, or percent compared to the fourth quarter of Today, approximately 99 percent of stores in EMEA are open or operating on reduced hours.
The effective tax rate was NIKE has a strong track record of investing to fuel growth and consistently increasing returns to shareholders through dividends and share repurchases, including 19 consecutive years of increasing dividend payouts.
NIKE, Inc. PT on June 24, , to review fiscal fourth quarter and full year results. Additionally, the increasing involvement of women in several sports activities is likely to support the growth of the global market.
The recreational users segment is anticipated to hold the largest share in the market. On the other hand, professional users usually opt for high-quality footwear, which would help enhance the performance in their sports discipline and boost the consumption among this segment. The offline segment is expected to lead the market.
This segment includes retail stores, such as supermarkets, brand outlets, and discount stores. Some of the prominent companies aim to open retail stores in developing economies to expand their geographical presence and increase their customer base.
For instance, in October , PUMA, the largest sportswear brand, opened its first redesigned and interactive retail store in India. The online segment is expected to be the fastest growing owing to the increasing internet users and the easy availability and accessibility of a wide range of sports footwear at a reasonable price. To get more information on the regional analysis of this market, Request a Free sample. North America holds a major sports footwear market share and stood at USD The large number of people participating in outdoor sports and adventurous activities is likely to positively impact market growth.
For instance, the Outdoor Industry Association in January mentioned that in , Besides, the booming growth of the e-commerce businesses propelling the purchase of the product is likely to fuel demand. Asia Pacific is considered to be the fastest-growing region during the forecast period — The increasing consumer expenditure, supported by strong economic growth and higher disposable income, is likely to drive the growth of the sports footwear industry in this region. As per the data published by the World Bank.
In addition to this, the thriving growth of various sports domains, such as cricket, football, basketball, and others influencing more people to be involved in sports as a hobby or a profession, would help generate traction. According to the Hindu Business Line, in September , the Indian major cricket league called the Indian Premier League's brand value experienced a surge of 7 percent. South America is anticipated to display considerable growth owing to the declining employment rate in various countries of this region over the years.
This led to strengthening their purchasing power which would thus act in favor of the market growth. For instance, Youth Employment Decade. Org states that the unemployment rate in Brazil was The Middle East is expected to exhibit substantial growth in the market owing to the escalating rise of the urban population, which would result in the increasing number of people involved in multiple fitness activities.
People are progressively conscious of their health and well-being, especially in urban areas, thus helping to escalate the demand. According to the World Bank. The global market includes several key players. A few of them include Nike Inc. Some of these manufacturers mainly focus on launching innovative and advanced products that may fulfill the customer's requirements. For instance, in March , Reebok launched a Fast Flexweave running shoe that mainly features Flexweave, the latest cutting-edge technology.
To get information on various segments, share your queries with us. The global market research report provides a detailed sports footwear industry analysis and focuses on key aspects such as leading companies, end-users, and leading product types.
Premium statistics. Read more. In , the global sports market was valued at approximately billion U. In contrast, the market was valued at billion U. The United States held a You need a Single Account for unlimited access.
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More information. Other statistics on the topic. Research expert covering shopping behavior, sports and leisure retail, and the subscriptions and direct selling industry. Key market trends, growth factors, and opportunities 7. Market size and forecast, by region 7. Specialty store. Brand outlets. Online sales channel.
Market size and forecast, by region. North America. Key market trends, growth factors, and opportunities 8. Market size and forecast, by type 8. Market size and forecast, by material 8. Market size and forecast, by end user 8.
Market size and forecast, by distribution channel 8. Competitive dashboard 9. Product mapping 9. Competitive heatmap 9. Top winning strategies 9. Key developments. Business expansion 9. Product launch 9. Acquisition 9. Adidas AG Adidas. Company overview Key executive Company snapshot Operating business segments Product portfolio Business performance Key strategic moves and developments SWOT analysis and strategic conclusion. Nike, Inc. Under Armour, Inc. Skechers USA, Inc. Geox S.
VF Corporation. Wolverine World Wide, Inc. TABLE GEOX S. Footwear industry is experiencing a speedy expansion, owing to rise in demand for trendy and comfortable footwear among all age groups. Rapid urbanization, demographics changes along with increase in demand of middle class population,and surge in disposable income fuel the growth of the footwear market.
In addition, increase in demand for sports shoes and branded footwear among all age groups is expected to boost the demand for sports footwear and branded footwear category products. Consumers are seekingto include sport-styled designs into their everyday wardrobe. Furthermore, increase in number of working women and increase in theirfashion consciousness drive the growth of the footwear industry.
Change in lifestyleof individuals has drastically affected the footwear industry. A survey by leading Asia-Pacific retailer, Bata shows changing fashion trends among individuals. The survey indicated that a man buys a pair of shoes after every four months compared to women, who purchase footwear after every twomonths. Consumers consider comfort as an important parameter while choosing appropriate footwear.
In addition, consumers presently are ready to indulge in stylish and comfortable footwear. The global footwear market is segmented into type, material, end users, distribution channel, and region. The Asia-Pacific region will provide more business opportunities for footwear market in coming years.
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