20th century In 1906, William J. Riley, an Irish immigrant, founded the New Balance Arch Support Company in the Boston area, manufacturing arch supports and other accessories designed to improve shoe fit. His first product, a flexible arch support, was designed with
three support points to provide greater balance and comfort in the shoe. It is believed that Riley came up with the name "New Balance" by observing chickens in his yard and demonstrated the way his arch supports worked by keeping a chicken foot on his office desk. He explained to customers that the chicken's three-pronged foot resulted in perfect balance. In 1927, Riley hired Arthur Hall to be a salesman. In 1934, Hall became a business partner. The company later did business under the name New Balance Athletic Shoe Company. As New Balance slowly established itself as a niche business in the 1930s, baseball players and track and field athletes sought the company out for its specialty footwear. In 1956, Hall sold the business to his daughter Eleanor and her husband Paul Kidd. Eleanor and Paul Kidd continued to sell mainly arch supports until 1960, when it designed and manufactured the "Trackster", the first
running shoe to come in varying widths. The Trackster gained popularity through
YMCA programs in which it became the unofficial shoe. Marketing was mostly word-of-mouth or through local sports fairs. Sales languished until 1972, when 28-year-old
Jim Davis bought the company, feeling that "leisure-time products would be a high-growth market." The Boston area became a center for the
running boom of the 1970s, and the product line expanded and sales grew rapidly.
21st century In 2001, New Balance purchased canvas sneaker company
PF Flyers and re-launched the brand in 2003. In February 2004, the company purchased
Warren, Michigan-based Warrior Lacrosse, now
Warrior Sports. In 2011 New Balance placed its Aravon, Cobb Hill, and Dunham brands under its Drydock Footwear affiliate. In 2015, New Balance's parent, together with
Berkshire Partners, bought the
Rockport shoe company from the
Adidas Group and combined it with Drydock Footwear under the name The Rockport Group, now with the Aravon, Cobb Hill, Dunham, and Rockport brands. In 2018, The Rockport Group went into bankruptcy and was sold. In February 2015, New Balance announced its entry into the global
soccer (association football) market. The company had started its soccer business through its subsidiary Warrior Sports in 2012, punctuated by a $40-million-a-year sponsorship deal with
Liverpool F.C., but made the move to rebrand based on the global reach of the parent brand. Later on, the
UK High Court rejected the legal filling of New Balance against the Liverpool's UK£70 million+ kit deal with
Nike, which come into force in January 2020 and staggered the Manchester United deal with Adidas for £75 million annually. During 2016, New Balance opposed the
Trans Pacific Partnership and condemned the
Obama administration's support for it, arguing that it would hurt its domestic shoe manufacturing (while Nike, which does not manufacture in the US, supported the TPP). Matt Lebretton, the company's vice president of public affairs said in April 2016 "I would say that when
Hillary Clinton,
Bernie Sanders and
Donald Trump all agree on something, then it has to be given a closer look; and they all agree that TPP is not the right policy." After Donald Trump won the 2016 U.S. presidential election, Lebretton told a reporter, "The Obama administration turned a deaf ear to us [about trade] and frankly, with President-elect Trump, we feel things are going to move in the right direction." Some news outlets reported that an ad hoc boycott campaign was created out of an interpretation of Lebretton's remarks as supportive of Trump. Owner and chairman
Jim Davis donated almost $400,000 to the
Trump Victory Committee in September 2016. In December 2018, Chief Commercial Officer Joe Preston succeeded Rob DeMartini as New Balance's president. In April 2021, Teddy Santis, founder of lifestyle brand
Aimé Leon Dore, was named creative director of New Balance's premium sneaker line. ==Products and operations==