Top 10 Largest Footwear Companies in the World in 2023: Nike Takes the Crown

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Cindy Mutia Annur 19/09/2023 14:20 WIB

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Based on Companies Market Cap data, Nike is the world's largest footwear company. The U.S.-based company had a market capitalization of US$146.42 billion as of September 19, 2023.

Top 10 Footwear Companies by Market Capitalization (September 19, 2023)

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Top 10 Largest Footwear Companies in the World in 2023: Nike Takes the Crown

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Top 10 Footwear Companies by Market Capitalization (September 19, 2023)

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Based on Companies Market Cap data, Nike is the world's largest footwear company. The American company had a market capitalization of US$146.42 billion as of September 19, 2023.

Nike is known not only for footwear but also for a wide range of apparel and sports equipment.

According to the encyclopedia Britannica, Nike was originally named Blue Ribbon Sports from 1964 to 1978. The company, headquartered in Beaverton, Oregon, USA, was founded in 1964 by University of Oregon track coach Bill Bowerman and his former student, Phil Knight.

They opened their first retail store in 1966 and launched Nike-branded shoes in 1972. The company changed its name to Nike in 1978 and went public two years later.

By the beginning of the 21st century, Nike had retail outlets and distributors in over 170 countries. Its curved checkmark logo, known as the "swoosh," is now globally recognized.

The total market capitalization of the nine other largest footwear companies combined does not match Nike's.

Adidas ranks second among the world's largest footwear companies, with a market capitalization of US$32.38 billion.

Deckers Brands, a US footwear company, is ranked third with a market capitalization of US$13.75 billion. It is followed by the Chinese company, Li Ning Company, with a market capitalization of US$11.87 billion.

Below is a complete list of the top 10 footwear companies by market capitalization as of September 19, 2023:

1. Nike (United States): US$146.42 billion
2. Adidas (Germany): US$32.38 billion
3. Deckers Brands (United States): US$13.75 billion
4. Li Ning Company (China): US$11.87 billion
5. PUMA (Germany): US$9.63 billion
6. On Holding (Switzerland): US$9.62 billion
7. Skechers (United States): US$7.27 billion
8. ASICS Corporation (Japan): US$6.97 billion
9. VF Corporation (United States): US$6.73 billion
10. Crocs (United States): US$5.4 billion

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."