Nike Air Jordans Are Losing Resale Value. Is Sneaker Culture Moving On?
September 28, 2023
Nike’s iconic Jordan brand, a significant revenue driver for the company, is facing a decline in resale value according to data from Altan Insights. On platforms like StockX, the premium paid on new releases of Nike’s Air Jordan 1 Retro High has dropped from 61% in 2020 to 4% in 2023. This has raised concerns among investors about the brand potentially “losing steam,” although Nike’s CEO John Donahoe expressed confidence in Jordan’s growth, projecting it to become the second-largest footwear brand in North America.
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