- During the years Jordan was still playing professional basketball, the brand would release a new sneaker with every season, and it was the shoe Jordan would play in that year.
- Kids who grew up between 1984 and 2003 the year Jordan left the NBA as a player for good were a huge part of the success of the brand, according to a sneaker resale expert.
- Just as fashion trends come and go, the brand's sales dipped in 2014. Matt Cohen, a sneaker collector and the vice president of business development and strategy at GOAT Group, told Business Insider he believed this dip was due to a shift in fashion and a lack of consumer connection to Jordan, the man.
- Collaborations brought the brand back in late 2017, and it's still having a moment today.
- Visit Business Insider's homepage for more stories.
ADVERTISEMENT
How Nike's Jordan Brand used celebrity collaborations to overcome a dip in the rankings and keep its reputation as the most iconic sneaker brand of all time. From the moment it signed Jordan to today, here's everything you need to know. (NKE)
In 1984, Nike and NBA player Michael Jordan teamed up to launch one of the most iconic athlete-endorsed brands of all time: Jordan Brand .
Air Jordan I
ADVERTISEMENT
In 1984, Nike teamed up with Michael Jordan to launch Jordan Brand, a brand of shoes and athletic wear built around the player. At the time, Nike was a struggling brand selling running shoes with an idea to reinvent itself as a company for athletic stars.
BusinessInsider USA Images
Nike
ADVERTISEMENT
Source: ESPN
ESPN reported that it wasnt so easy for the company to sign the then-budding NBA rookie. Nike reportedly offered Jordan $500,000 a year in cash for five years, hoping it could convince him to come on board.
BusinessInsider USA Images
Charles Rex Arbogast/AP
Source: ESPN
ADVERTISEMENT
Unfortunately for Nike, Jordan really wanted to work with Adidas. But, Adidas wasnt really an option for Jordan, as the company was undergoing a leadership shift at the time.
BusinessInsider USA Images
Focus On Sport/Contributor/Getty Images
Source: ESPN
Converse, the shoe Jordan wore while playing for the University of North Carolina, wanted to sign Jordan, but italready had celebrity athlete endorsers in Magic Johnson and Larry Bird.
ADVERTISEMENT
BusinessInsider USA Images
Focus On Sport/Contributor/Getty Images
Source: ESPN
Converse made Jordan an offer, but he reportedly wasnt excited by it and didnt know where he would fit in the brands already star-studded lineup.
BusinessInsider USA Images
ADVERTISEMENT
Boston Globe/Contributor/Getty Images
Source: ESPN
Still, Jordan made one last attempt at his dream company,taking Nikes offer to Adidas and asking them to come "anywhere close" to the offer. It didnt work out with Adidas, and Jordan ultimately signed with Nike.
BusinessInsider USA Images
Bettmann/Contributor/Getty Images
ADVERTISEMENT
Source: ESPN
Nike wanted to build an entire line around Jordans almost-superhuman ability to dunk, according to ESPN.
BusinessInsider USA Images
Focus On Sport/Contributor/Getty Images
Source: ESPN
ADVERTISEMENT
Once Jordan was on board, he began wearing the brands shoes on the court. The first Nike shoe he wore in the NBA was the Nike Air Ship seen below.
BusinessInsider USA Images
Focus On Sport/Contributor/Getty Images
Source: Nike/Jordan Brand
The very first pair that he wore from his eponymous brand was called Air Jordan I. It caused a lot of commotion both on and off the court.
ADVERTISEMENT
BusinessInsider USA Images
Courtesy of Nike/Jordan Brand
Source: Nike/Jordan Brand
The shoes were originally released to stores in April 1985, and they were an instant hit. ESPN reported that Nike had sold $70 million worth of the shoes by May just a month into the release and that the Air Jordan brand had made Nike more than $100 million by the end of the year.
BusinessInsider USA Images
ADVERTISEMENT
Chris O'Meara/AP
Source: Nike Jordan Brand , ESPN
Nike cofounder Phil Knight called the success of Air Jordan I "the perfect combination of quality product, marketing, and athlete endorsement."
BusinessInsider USA Images
Frederick M. Brown/Getty Images
ADVERTISEMENT
Source: ESPN
Athlete endorsement is a strategy that many companies have employed over the years. From burgers to cellphones, NBA players are great at selling just about anything.
BusinessInsider USA Images
CyclopsCyrus/YouTube
Source: Bleacher Report
ADVERTISEMENT
Naturally, when one of the best players of all time debatably the best athlete of all time started selling sneakers, his fans wanted to get their hands on them.
BusinessInsider USA Images
AP/Anat Givon
Source: Bleacher Report
When MJ first donned those Chicago Bulls-colored sneakers, the NBA had a rule about having all players in primarily white shoes.
ADVERTISEMENT
BusinessInsider USA Images
Tim Bradbury/Staff/Getty Images
Jordan was fined $5,000 for wearing the shoes, but instead of taking them off the court, Nike decided it was great exposure for the brand and chose to pay all of MJs fines so he could continue to wear the shoes.
BusinessInsider USA Images
Courtesy of Nike/Jordan Brand
ADVERTISEMENT
Source: Nike/Jordan Brand
Fans saw Jordan do things his own way when it came to playing the game, but this was the first time they saw him make what was essentially a huge fashion statement, Matt Cohen, VP of business development and strategy at GOAT Group, told Business Insider.
BusinessInsider USA Images
John Swart/AP
Two longtime Air Jordan collectors and members of the sneaker community told Business Insider their love for the brand started when they were kids watching MJ play ball.
ADVERTISEMENT
BusinessInsider USA Images
Jonathan Daniel/Stringer/Getty Images
"The reason I like Jordans is because I like basketball and I like Michael Jordan," Hana Mandapat told me. The longtime collector used to visit family in Chicago, and after the Bulls won their first "three-peat" the famous back-to-back-to-back championship she started paying attention to Jordan, the man.
BusinessInsider USA Images
ERIC CHU/Staff/Getty Images
ADVERTISEMENT
Mandapat started collecting Air Jordans in the year 2000, when she was a junior in high school. That was the year that Nike started to "retro" or bring back into the market certain Jordan styles. Her very first pair were the Air Jordan XIs.
BusinessInsider USA Images
Courtesy of Hana Mandapat
Mandapat worked in retail sneaker retail, of course so she could put herself through college and afford to build up her Jordan collection. She said she became friends with other people in sneaker retail and they formed a sort of community, often calling on one another to help them get a new pair that was coming out.
BusinessInsider USA Images
ADVERTISEMENT
Courtesy of Hana Mandapat
Both Mandapat and Cohen identified the 2000s as an era of "everything throwback." Mandapat said the rise in popularity of Jordan retros as a lifestyle shoe "made sense" at the time because of the nostalgia factor.
BusinessInsider USA Images
NBC/Contributor/Getty Images
"I was watching Michael Jordan play basketball and do things that had never been done before," Cohen said. "When youre a kid, everything is about nostalgia ... you want to dress like the athlete that you had looked up to."
ADVERTISEMENT
BusinessInsider USA Images
Reuters
"Youre watching arguably the greatest player, if not the greatest athlete of all time, do things in his own way," Cohen said. "The way he played the game, the way he actually wore shoes on and off the court."
BusinessInsider USA Images
AP Images
ADVERTISEMENT
Cohen has been collecting shoes since the late 90s, when he was in his early teens. For him, "it was about always wanting that shoe."
BusinessInsider USA Images
Ruth Fremson/AP
Demand for each seasons Jordans was high, Cohen said. "It was this historic thing every single year when that new pair of Jordans was coming out."
BusinessInsider USA Images
ADVERTISEMENT
Nice Kicks
Source: Business Insider
"I was skipping school to go to the local sneaker store where I grew up at seven in the morning. At that point it was great you only had to get there three hours early, waiting for that shoe to release," he said. "It was about buying them, putting them on your feet, and walking into school and everyone saying How do you have that shoe? ... I was two hours late, but thats neither here nor there, dont tell my teachers."
BusinessInsider USA Images
picture alliance/Contributor/Getty Images
ADVERTISEMENT
Its been ingrained in Cohen since he was a kid, and hes not the only one. This phenomenon gave Nike the opportunity to successfully employ the idea of a "retro."
BusinessInsider USA Images
Flickr/neilp17
When a style was retrod, that meant it was an older style likely from the days Jordan was playing ball that was revived and re-released into the retail market.
BusinessInsider USA Images
ADVERTISEMENT
The Richest
Mandapat said that her very first pair of retrod Air Jordan XIs were less than $100 at the time she bought them she estimates around $80-$85 since shes able to wear kids sizes. In 2018, when the shoes retrod again, she remembered the kids sizes costing $180.
BusinessInsider USA Images
S3studio/Contributor/Getty Images
Both Mandapat and Cohen said that as kids, it wasnt so easy to get your hands on limited-release shoes.
ADVERTISEMENT
BusinessInsider USA Images
Maja Hitij/Staff/Getty Images
"Hey mom, I want to spend $120 on a pair of shoes," Cohen remembered. "And she was just like, Why cant you just get the $30 pair or the $60 pair?" He said he would try and negotiate, even saying hed use his birthday money.
BusinessInsider USA Images
Hollis Johnson/Business Insider
ADVERTISEMENT
Adults, on the other hand, are making their own money and spending it how they want. Cohen pointed out that at the time of original Jordan releases, sometimes there would be multiple colorways released at once, but he was only allowed to get one.
BusinessInsider USA Images
Courtesy of Flight Club
Now, he can get all the variations he wanted but wasnt allowed to get back then.
BusinessInsider USA Images
ADVERTISEMENT
Courtesy of Flight Club
He told me he used to "hunt" for Jordans before he started really collecting them. He would go around buying as many pairs of the new release as he could, and then would resell them with a strategy to make a profit.
BusinessInsider USA Images
Maja Hitij/Staff/Getty Images
The Air Jordan III is Cohens "favorite shoe of all time." It was the first shoe to feature the Jumpman logo on the tongue.
ADVERTISEMENT
BusinessInsider USA Images
Courtesy of Flight Club
Source: Business Insider
The shoe also happened to coincide with the start of Flight Club in 1999. The store was called Vintage Kicks at the time.
BusinessInsider USA Images
ADVERTISEMENT
Courtesy of Flight Club
Flight Club was the original consignment store for rare and collectible sneakers. People like Cohen, who were buying with the intent to resell, would bring their shoes to the store and wait for them to sell. They mostly sold to everyone who couldnt or just didnt want to wait online or enter a raffle to be able to buy them from Nike itself.
BusinessInsider USA Images
Courtesy of Flight Club
Source: Flight Club
ADVERTISEMENT
Fans were all over the Jordan brand while MJ was still playing in the NBA, and they would often pay hiked-up prices at stores like Flight Club. But Cohen said the brand had cachet even after Jordan retired because tastemakers like Spike Lee ...
BusinessInsider USA Images
BRIAN BAHR/Contributor/Getty Images
... and Brandy Norwood just to name two continued to show their support. Cohen said the shoes were often seen across all facets of pop culture at the time.
BusinessInsider USA Images
ADVERTISEMENT
Christian Petersen/Staff/Getty Images
Alas, as time went on, there was a short decline for Nikes Jordan Brand. Cohen said the slump began around 2014, due to a combination of different factors.
BusinessInsider USA Images
Life Style Production Group for ONE Sothebys
Cohens take is that it was largely caused by fashions move away from basketball-influenced clothing. He said when he thinks about who the tastemakers were in 2014 and 2015, he noticed that they were wearing skinnier-legged pants. Take a look at Pharrell Williams on the MTV red carpet in 2002 ...
ADVERTISEMENT
BusinessInsider USA Images
Ian West - PA Images/Contributor/Getty Images
... versus his MTV red carpet look here in 2015. "These athletes and celebrities who were typically wearing Jordans with baggier style pants then started wearing skinnier, tight pants, and the traditional chunky sneaker fell out of vogue," Cohen said.
BusinessInsider USA Images
Anthony Harvey/Stringer/Getty Images
ADVERTISEMENT
Cohen also noted that there were simply more players in the lifestyle sneaker game once 2014 rolled around. Fashion sites like Highsnobiety point out that the rise of Adidas suppressed whatever momentum Nike and Jordan Brand in particular had going for it.
BusinessInsider USA Images
Getty/Miquel Benitez
Source: Highsnobiety , Business Insider
Kanye West worked with Nike to release the Air Yeezy in 2009. He left the brand for Adidas in 2013, claiming that Nike wasnt interested in executing any of his design ideas.
ADVERTISEMENT
BusinessInsider USA Images
Alexander Tamargo/Contributor/Getty Images
Source: Hype Beast , BuzzFeed News , GQ
"Jordan Brand lost its luster," Cohen said. "They experienced so much success for so many years that [Nike] didnt have to try that hard ... The product that they started putting out wasnt speaking to the OG community who watched Jordan play."
BusinessInsider USA Images
ADVERTISEMENT
Courtesy of Nike/Jordan Brand
Cohen said that many of the people who the company gained as customers after Michael Jordan stopped playing actually dont even know who the NBA star is, so they werent buying Jordans out of nostalgia. He saidGOAT has seen massive growth in its 12- to 17-year-old customer demographic over the past few years.
BusinessInsider USA Images
GOAT
"Their new idols are Stephen Curry," Cohen said. "When Steph came onto the scene, he became the number one best-selling basketball jersey ... and guess what else they were buying? Steph Curry shoes." Curry is an Under Armour-sponsored athlete.
ADVERTISEMENT
BusinessInsider USA Images
AP/Rick Bowmer
After losing Kanye West and losing its ranking as a top sneaker seller to Adidas, the Jordan Brand decided to do something Cohen said it actively stayed away from previously: non-athlete collaborations.
BusinessInsider USA Images
Courtesy of Flight Club
ADVERTISEMENT
Source: Forbes , Highsnobiety
"Collaborations are what people want now," Cohen said. So Jordan Brand is collaborating on iconic styles with some of the biggest names in fashion, like with its 2017 Retro High OG Friends and Family shoe with Colette in Paris.
BusinessInsider USA Images
Courtesy of Flight Club
Enter: designer collaborations like Virgil Ablohs Off-White in 2018 ...
ADVERTISEMENT
BusinessInsider USA Images
Timur Emek/Contributor/Getty Images
... and celebrity collaborations like with Travis Scott this year,
BusinessInsider USA Images
Courtesy of Flight Club
ADVERTISEMENT
Another great aspect of expensive collaborations is that they increase demand for older styles. "Guess what, if someone cant afford that $1,000 collaboration, theyre going for the next-best thing," Cohen said. "So Nike deploys rarity [by introducing a collaboration on limited release], and if someone cant afford that pair, they still want something close."
BusinessInsider USA Images
Courtesy of Flight Club
Nike also took action toward getting its original Michael Jordan-loving clientele back by reviving new versions of retros that resonated with them. Cohen said that the Nike Air logo was originally on the back of early Jordan shoes because the Jumpman logo pictured here wasnt made right away.
BusinessInsider USA Images
ADVERTISEMENT
Brett Carlsen/Contributor/Getty Images
Nike re-released the Air Jordan III the first ever white cement, Cohen said most recently in 2013 and called it the Retro 88. 1988 was the year the shoe was originally released. Instead of having the Jumpman logo on the heel plate, they replaced it with the Nike Air logo.
BusinessInsider USA Images
Courtesy of Flight Club
Source: Flight Club , Kicks on Fire
ADVERTISEMENT
Cohen had the original retro Jordan IIIs in the white cement colorway from a few years prior, with the Jumpman logo on the back. He said it was imperative that he got his hands on "that Nike Air logo."
BusinessInsider USA Images
Courtesy of GOAT
Nike started employing more strategies like this to get back in touch with the original collecting consumer.
BusinessInsider USA Images
ADVERTISEMENT
Courtesy of Hana Mandapat
Cohen said the company brings back the most iconic styles for Black Friday every year. "Weve seen a re-release of the Jordan XI Space Jams, an iconic shoe that hadnt been released in 10 years." This was the shoe Michael Jordan wore in the 1996 film "Space Jam."
BusinessInsider USA Images
"Space Jam"/Warner Bros.
Mandapat is just one more collector who capitalizes on those re-releases. She said she now has every Air Jordan XI Concord retro since the original came out in 2000.
ADVERTISEMENT
BusinessInsider USA Images
Courtesy of Hana Mandapat
Additionally, Cohen said that as younger consumers learn more and more about who Michael Jordan is and what he meant for the sneaker community, they think Jordan Brand is what they should be buying.
BusinessInsider USA Images
Susan Ragan/AP
ADVERTISEMENT
This is largely perpetuated by todays tastemakers bringing the shoe back into their wardrobe. Tennis champion and fashion icon Serena Williams has been seen putting on her custom Air Jordan Is after a match ...
BusinessInsider USA Images
Cameron Spencer/Getty Images
Source: Business Insider
... and following Williams 23rd Grand Slam, Jordan himself sent her two pairs of the shoes one of which was bright pink, her favorite color.
ADVERTISEMENT
BusinessInsider USA Images
ESPN/YouTube
Source: Business Insider
Custom pairs have also been made for other public figures. The Chicago Cubs celebrated their World Series win in 2017 with then-President Barack Obama, gifting him a customized version of these Jordan IXs.
BusinessInsider USA Images
ADVERTISEMENT
Courtesy of Flight Club
Source: Business Insider , Flight Club
And Elon Musk wore a pair of custom Jordan Is made of black python skin and black hair on hide, according to DM Custom Sneakers.
BusinessInsider USA Images
AP Photo/Jae C. Hong
ADVERTISEMENT
Source: Business Insider
One place where Cohen said Jordans never fell out of style is China. "Michael Jordan is still an incredible icon in China," he said. "Specifically, the Jordan I has always been a huge shoe in the Chinese sneaker market, and the Chinese consumer is such a huge part of global demand for sneakers."
BusinessInsider USA Images
FREDERIC J. BROWN/Staff/Getty Images
With some reinvention and a new sense of storytelling, Jordan Brand clawed its way back into the game in 2018. Complex likened the comeback to the player himself, who "made his name by playing with a chip on his shoulder and having a laser focus on success." Jordan Brand has executed this comeback so well that it has worked its way back into monthly lists of the top-selling shoes in America.
ADVERTISEMENT
BusinessInsider USA Images
Streeter Lecka/Getty Images
See Also:
- These 10 ultra-popular sneakers are leading an explosion in the resale market
- We tried 11 McDonald's menu items in South Africa that you can't get in the US. Here are the winners and losers.
- Amazon just opened a new breed of Go store as backlash against cashless stores grows. Here's what it's like to shop there.
ADVERTISEMENT
SEE ALSO: Peek inside Michael Jordan's houses, cars, and travels and see what $1.9 billion buys
DON'T MISS: Vogue's editor-in-chief Anna Wintour is worth an estimated $35 million. From her first job in retail to artistic director at Cond Nast and co-host of the annual Met Gala, here's what her career and life have been like.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Best live dealer casino: Top USA live casinos online
Best real money online casinos USA: Top 10 casino sites in 2024
OPEC excited about partnership with Namibia
The US loses to Russia and China in popularity across Africa
Top 10 most valuable South African brands in 2024
Africa's giants play tug of war for the top economic spot
Morocco is making giant strides to become Africa's aviation manufacturing hub
Hackers test their ransomwares in less protected regions like Africa before striking richer nations: Report