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    New Balance
    Footwear, Apparel

    New Balance

    United States flagUnited States

    "Fearlessly Independent since 1906"

    Founded 1906 Boston, Massachusetts, United States
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    About

    New Balance started in 1906 as the New Balance Arch Support Company in Boston, Massachusetts, making arch supports and orthopedic footwear. Over more than a century, it has grown into one of the world's largest athletic footwear and apparel brands, yet it remains privately held and family-controlled. The company's tagline, "Fearlessly Independent since 1906," reflects both its long history and its decision to stay independent in an industry dominated by publicly traded giants.

    What sets New Balance apart is its commitment to domestic manufacturing. Unlike most competitors, New Balance operates factories in the United States and the United Kingdom, producing many of its most popular models there. This allows for greater quality control and supports local economies, but it also means higher production costs. The brand offsets these costs with premium pricing on its Made in USA and Made in UK lines, which have become a point of distinction and pride for the company.

    New Balance is known for its technical innovations, such as blended gel inserts and heel counters, and for offering an exceptionally wide range of sizes, especially for narrow and wide feet. This focus on fit and comfort has earned it a loyal following among runners and casual wearers alike. The brand has also made significant inroads into fashion, with models like the 9060 and 2002R achieving cult status among sneaker enthusiasts.

    In 2023, New Balance generated approximately $6.5 billion in revenue. The company continues to expand its product lineup and partnerships, including NIL deals with college athletes and sponsorships with professional teams. Its headquarters remain in Boston, and it maintains a global presence with distribution and retail operations across North America, Europe, Asia, and beyond.

    Products & Sub-brands

    Running shoes (574, 327, 9060, 2002R, Fresh Foam 410v9, 99X series)Lifestyle sneakersTennis shoes (FuelCell 996v7)Athletic apparelAccessoriesMade in USA and Made in UK collections

    Frequently Asked Questions

    Who owns New Balance?
    New Balance is privately held and family-owned, controlled by the Davis family. It remains one of the largest privately held athletic footwear companies in the world, with no public shareholders. This independence is central to the brand's identity and marketing.
    Who is the CEO of New Balance?
    New Balance's leadership is led by the Davis family, with the company maintaining a long-tenured executive team. As a private company, executive leadership details are less publicly promoted than at public competitors, though the family ownership ensures continuity in strategic direction.
    How much is New Balance worth?
    New Balance generated approximately $6.5 billion in revenue in 2023. As a private company, it does not disclose a precise market valuation, but its revenue scale, brand equity, and global operations suggest a multi-billion-dollar enterprise value.
    New Balance vs. Nike — which is better?
    New Balance differentiates itself through domestic manufacturing, wider size availability (especially for narrow and wide feet), and a focus on comfort and technical performance. Nike offers a broader range of lifestyle and performance products with heavier marketing investment. The choice depends on individual needs: New Balance excels in comfort and fit, while Nike leads in cultural cachet and product variety.
    Is New Balance still in business?
    Yes, New Balance is actively in business and thriving. The company continues to release new products, sign athlete partnerships, and expand its retail presence. With approximately $6.5 billion in annual revenue and ongoing product innovation, the brand shows no signs of slowing down.

    Keywords

    New Balancerunning shoesathletic footwearMade in USAMade in UKsneakersBostonfootwear brand

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    Company Info

    Founded
    1906
    Headquarters
    Boston, Massachusetts, United States
    Industry
    Footwear, Apparel
    Revenue
    6.5 billion USD (2023)
    Revenue (2023)
    $6.5 billion
    Ownership
    Privately held, Davis family
    Manufacturing
    USA and UK

    Official Website

    www.newbalance.com/

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