New Balance is a manufacturing company focusing on sports footwear, apparel, and accessories. Founded in 1906 as the "New Balance Arch Support Company," this American multinational corporation has since grown into one of the world's major sports footwear and apparel manufacturers. With its headquarters based in Boston, Massachusetts, the company is best known simply as New Balance.
Led by CEO Joe Preston, New Balance employs a diverse workforce of 5,497 individuals and generates an impressive annual revenue totaling $4.5 billion. The company takes pride in its diverse workplace culture, with 43.7% female employees and 35.6% ethnic minorities. However, it is worth noting that there is an unusually high proportion of Republican Party members among its staff. Despite this, New Balance boasts high employee retention rates, with staff members staying with the company for approximately 3.9 years on average.
