Related Headlines Iag Performance to retire 20,000 pairs of shoes with $3.5M in annual sales article Related Iag: The shoe maker is retiring its 15,000-plus pairs of running shoes after a four-year run.
Iag CEO Gary C. Iagnemma said the company will begin selling a new range of shoes in March.
“The shoe market is not as saturated as it was four years ago,” Iagneman said.
The company sold more than 3.7 million pairs of its shoes last year, the most in its history.
Iago is the fourth-largest shoe brand in the U.S. with sales of more than 5 million pairs, according to Euromonitor International.
Iag was founded in 1996 and has a total of 538 employees.
IAg employs more than 7,500 people worldwide.
The company’s global revenue totaled $1.1 billion in 2016, with Iag serving as a global footwear and footwear accessories distributor.
A spokesman for Iago did not immediately respond to a request for comment.
Earlier this month, the company announced a partnership with Nike to bring back running shoes to the United States.
The shoe company has been expanding in the United Kingdom, Italy and elsewhere.
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