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New Balance Athletics, Inc. - Company Profile

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New Balance Athletics, Inc. - Overview

Brands
New Balance
Description
New Balance Athletics, Inc. is a private company with an estimated 7,000 employees. In the US, the company has a notable market share in at least two industries: Shoe & Footwear Manufacturing and Athletic Shoe Stores. Their largest market share is in the Shoe & Footwear Manufacturing industry, where they account for an estimated 22.8% of total industry revenue and are considered an Incumbent because they display strong market share, but lower profit and revenue growth than some of their peers.
Company Details

Registered Name: New Balance Athletics, Inc.

Company Type: Other

Employees: 7000

New Balance Athletics, Inc. - Operating Industries and Main Competitors

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New Balance Athletics, Inc. - Products and Services

  • Athletic Shoe Stores

  • Of the 4 core revenue-generating products and services in the Athletic Shoe Stores industry, New Balance Athletics, Inc. offers:
    • Men's shoes
  • Shoe & Footwear Manufacturing in the US

  • Of the 4 core revenue-generating products and services in the Shoe & Footwear Manufacturing in the US industry, New Balance Athletics, Inc. offers:
    • Men's footwear (except athletic)
    • Other footwear
    • Rubber and plastic footwear including athletic footwear
    • AAAAA AAAAA
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New Balance Athletics, Inc. - Analyst Insights

Rebounding from Challenges, New Balance Experiences Growth in all Regions

Despite adapting well to the COVID-19 (coronavirus) pandemic in 2020, New Balance Athletics Inc. (New Balance) sales declined 15.0% to $3.4 billion in 2020, a year after generating $4.0 billion in 2019. In November of 2021 however, Chief Executive Officer (CEO) and President, Joe Preston expressed his optimism for the company’s performance for the year as the economy continues to reopen. Preston revealed that in every region across the world, New Balance has experienced growth by 25.0% and went on to project that overall, company sales are expected to jump 30.0% in 2021, recovering from previous lows the year before.

COVID|Balance Sheet|Labor|New Activity


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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New Balance Athletics, Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on New Balance Athletics, Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Athletic Shoe Stores, and Shoe & Footwear Manufacturing in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
  • AAAAA
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