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Published · transcript-backed

Ben Gilbert: belief

25 Jul 2023 Acquired Nike

“To give you a sense, David, I think you're probably spot on with that, maybe 100 million, maybe 200 million for track shoes in the US.”

— Ben Gilbert

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Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
belief
Recorded
25 Jul 2023
Publisher
Acquired
Episode
Nike

Transcript context

…Lots of market research, and it is completely wrong in both directions. The actual US market for running shoes at this point in time, there's no way it was a billion dollars, maybe a hundred million. We're talking about running was not a thing, it was the thing that athletes did. Right. The running craze or the fitness craze hadn't really started yet. To give you a sense, David, I think you're probably spot on with that, maybe 100 million, maybe 200 million for track shoes in the US. The branded athletic shoe market all up including all sports for the whole US across all age groups, everything, $2 billion. Right. He's completely wrong on what it actually is at that point in time. He's also completely wrong on what it would become in the other direction. Thanks to Blue Ribbon and Nike.…

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