The Athlete’s Foot (TAF) reported “significant financial success” for the fiscal year 2023, with global sales reaching $593 million in 2023, a 7 percent increase from the 2022 fiscal year.
“I am proud to share that TAF’s remarkable 7 percent 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, owner 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.”
TAF said that is “celebrated financial growth and heightened customer engagement in 2023 with the successful global rollout of its innovative ‘Neighborhood’ store concept.” This initiative, emphasizing localized assortments and “impactful philanthropic programs,” reportedly fueled growth and underscored TAF’s commitment to diversity, empowerment, and sustainability.
“As TAF sets its sights on 2024 with plans for global expansion and deeper community engagement, the strategic acquisition of Lloyd by Arklyz Group stands as a pivotal milestone, symbolizing not only financial growth but also a continued dedication to making a positive impact on communities worldwide,” the company posted in a release.
TAF is a global retailer of an athletic-inspired lifestyle in the streetwear, footwear, apparel, and accessories categories. TAF’s sneaker and streetwear chain has 550 stores and e-commerce shops in 30-plus countries. Its global headquarters are in Stans, Switzerland and Atlanta, GA in the United States.
Arklyz Group acquired TAF from Intersport in July 2021. The company acquired Germany-based Lloyd Shoes in January 2024. In May 2022, Arklyz Group agreed to acquire Baltimore, MD-based Shoe City, but Arklyz failed to close on the deal, and Shoe City filed for Chapter 11 bankruptcy protection when the deal fell through.
Image courtesy TAF
