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New Balances’ CEO Eyes Strong Bounce Back In 2021

November 15, 2021

At SFIA’s Trends & Insights conference, Joe Preston, New Balance’s CEO and president, said his company’s sales are on a path to climb “about 30 percent this year” and move past 2019 levels as it strongly recovers from the pandemic. The brand also continues to pack momentum in the future.

Company sales slid 15 percent to $3.4 billion in 2020 from $4 billion in 2019 related to the pandemic’s early-stage effects. SGBMedia