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New Balance Athletic Shoe, Inc. NBAS is a footwear manufacturer based in Boston, Massachusetts. It was founded in 1906 as the New Balance Arch pany.

Despite eschewing expensive advertising campaigns, it has grown to e the fourth-ranked maker of sports footwear in the world. In 1906, William J.

Riley, a 33 year old English immigrant, founded the New Balance Arch pany, which manufactured arch supports and other accessories designed to improve shoe fit, in Boston, Massachusetts. In 1934, Riley took on as a partner his top salesman, Arthur Hall, who had found his niche by marketing his products to policemen and other people whose jobs required them to spend a lot of time standing.

In 1956, Hall sold the business to his daughter Eleanor and her husband Paul Kidd. Eleanor and Paul continued to sell mainly arch supports until 1961, when they designed and manufactured the Trackster, the worlds first running shoe made with a ripple sole.

It was also the first running shoe e in varying widths. The Trackster became the shoe of choice for running coaches and fitness directors, and led to New Balances growing reputation for manufacturing innovative and specialized footwear in multiple widths.

Marketing was mostly by word-of-mouth or local sports fairs, and sales languished, until 1972, when current CEO Jim Davis bought pany on the day of the Boston Marathon. At the time, pany consisted of just six people making thirty pairs of shoes a day.

Jims wife Anne joined pany in 1978, and the two pledged to uphold panys mitment to individual preferences, customer service, and quality products. Their timing was perfect, as the Boston area soon became a hotbed of the running boom which struck the U.S.

in the 1970s. Their product line expanded and sales skyrocketed.

The pany prospered, and the Davises looked to expand New Balance into a pany. Today, thirty percent of the shoes sold in the European market are manufactured at the New Balance facility in England.

Today, New Balance employs almost 3,000 people worldwide, including 1,200 manufacturing associates in five U.S. plants, located in Boston, Massachusetts, Lawrence, Massachusetts, Miami, Florida, Norridgewock, Maine, Skowhegan, Maine, and Norway, Maine.

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