The Athlete’s Foot posts 7% sales uptick in 2023

The Athlete’s Foot (TAF) on Tuesday reported global sales of $593 million, up 7%, in fiscal year 2023, as the sportswear retailer continued on its growth trajectory, “even amidst a challenging retail landscape.”

The Atlanta, Georgia-based company attributed its financial growth to “heightened customer engagement,” during the year, particularly with the global rollout of its innovative ‘Neighborhood’ store concept, which emphasised localised assortments and impactful philanthropic programs.

Furthermore, initiatives such as the IMPACT Council Summits and sponsorship of the HBCU Elite 100 also added to TAF’s dedication to inclusivity, in addition to Grammy-winning artist Tasha Cobbs Leonard’s participation in the Strategic African American Retail Track (StAART) Program, culminating in the opening of a TAF store in Greenville, SC.

“I am proud to share that TAF’s remarkable 7% sales growth to $593 million is a testament in executing to our strategic vision and unwavering commitment to our community-centric practices,” said Param Singh, chairman of Arklyz Group, parent company of TAF.

“This achievement underscores our global influence and steadfast dedication to fostering meaningful consumer connections. TAF’s unparalleled ability to engage with consumers, cultivate active customer relationships, and deeply integrate with local communities sets us apart, consistently driving impactful transformations for all stakeholders involved.”

Looking ahead, the company said it has plans for “global expansion and deeper community engagement,” in 2024.

In January, parent Arklyz Group announced it had acquired German-based shoe manufacturer, Lloyd Shoes, to provide strategic support and resources to further strengthen and grow the company’s wholesale, omnichannel and international business.