Nike is the world’s largest shoe company with $38.7 billion sales in 2019. Founded in 1964 by Phil Knight, Nike manufactures sports clothing and footwear. The second largest shoe brand is Adidas with annual revenue of $15.8 billion. Adidas was founded in 1949 by Adolf Dassler and is known for its three-stripe logo. Other major shoe companies include New Balance, Puma, Asics, and Skechers.
Chinese consumers bought 4.14 billion pairs of shoes in 2019 making China the world’s largest shoe market. Bata and Liberty are leading Indian shoe manufacturers.
Most Expensive Shoes
Antonia Vietri’s Moon Star Shoes worth $19.9 million made with solid gold, diamonds and meteorite are the most expensive shoes ever.
Nike’s Market Leadership and Subsidiaries
Now in its sixth decade, Nike owns subsidiaries such as Brand Jordan, Converse and Hurley International, as well as world-famous brands like Nike Pro, Nike Golf, and Nike+.