Brooks Running Company has announced record global growth as it closed out the third quarter of its fiscal year. Year to date, the brand reported a 29% increase in global revenue driven by a 32% increase in global footwear sales.
Success of the company’s footwear business in the third quarter was driven by franchise products such as the Ghost and Adrenaline GTS, which are up 52% and 32% respectively year to date. Brand new footwear styles that launched in the last 18 months including the Revel, Levitate, Bedlam and Ricochet are also reportedly resonating with customers and achieving strong sales in their inaugural period.
While the performance running category continues to face headwinds, Brooks notes that it brought new runners to its brand across all channels. According to The NPD Group’s Retail Tracking Service, Brooks grew its total US adult performance running footwear market dollar share to 12.4% year to date through August 2018, moving into the number two position within the category.
In the 12 months ending August 2018, the company also gained 4.4 share points in the US$100 and above (average selling price) segment of the adult running performance running footwear category. This reportedly made it the number one with a 23% value share (rolling year ending August 2018).
Brooks adds that it has also received product awards from industry experts across the globe, including:
- Editor’s Choice from Runner’s World for the Ghost 11 and Caldera 2
- Best Buy from Runner’s World for the Ravenna 9
- Gear of the Year from Outside Magazine for the Bedlam and Mazama 2
- Editor’s Choice from Competitor for the Levitate 2
- Editor’s Choice from Outdoor Gear Lab for the Adrenaline GTS 18
- Best Running Shoe under $100 from Gear Patrol for the Launch 5
- Sole Mate award from Women’s Running for the Glycerin 16
- Editor’s Choice (Best Energize Return) from Canadian Running for the Levitate 2
- Editor’s Choice from Women’s Running UK for the Launch 5 and Levitate 2
- Editor’s Choice from Trail Runner for the FastForward Crossback
- Best Sports Bra from Siftung Warentest for the Juno
“The growth we’re seeing at Brooks is incredibly exciting because it indicates our brand is resonating with runners who are choosing our gear as they head out the door on their runs,” said Brooks CEO Jim Weber. “We are more focused than ever on delivering the best gear for all who run and inspiring more people around the world to run and be active.”
Increased revenue across the world contributed significantly to Brooks’ overall growth. In the Europe, Middle East and Africa region, year-to-date revenue grew 27% led by Germany, Austria and Switzerland. Similarly, the Asia Pacific and Latin America region sustained the upward sales trajectory it ignited early in 2018, reporting a 25% increase in year-to-date revenue led by Australia.
Brooks also announced it is expanding its global footprint in key running markets including India, South Korea and Mexico. In August, Brooks relaunched its brand in South Korea and opened a flagship store in Gangnam-gu that houses a Brooks retail store, workout space, corporate offices and a runner’s hub, all a short jog from the Han River lined with miles of running paths.
The brand also launched for the first time in India and is rapidly growing its presence in this important market, expecting to be available in more than 20 stores and on the Amazon India platform by the end of 2018.
Later this year, Brooks will launch in Mexico with a flagship store; partnerships at popular sporting goods and department stores including Marti Sports, Liverpool and Palacio de Hiero; and a branded web experience at www.brooksrunning.mx.