For the first time in its 50-year history, Nike has topped $12B in quarterly sales. Talks with Adidas also reignited, posing a threat that could've cut the Jordan-Nike deal shorter. I have no business relationship with any company whose stock is mentioned in this article. Accessed May 02, 2023. https://www.statista.com/statistics/888793/nikes-revenue-by-product-category-worldwide/, Nike. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Based on those figures, Jordan may have earned. Bloomberg exposed a notorious resellers connection to the company, and Nikes vice president and general manager for North America stepped down conspicuously just days after she was outed as the resellers mother. I was born in Germany and majored in Business Administration at the University of Mannheim (Germany) and San Diego State University (United States). The athletic label tapped Powers as an ambassador in June 2021, and in the same month included her in an instantly iconic image, one that featured Michael Jordan with nine of Jordan Brand's . Tomorrow is the last day to nominate for Rising 25! Choose. China And 'The Last Dance' Propel Nike's Jordan Brand To - Forbes 13.17%. Jordan Brand Revenue Soars 31% to $4.7 Billion Nike's Jordan Brand continues its hot streak with revenue up 31% for the fiscal year ended May 31 to $4.7 billion. ADVERTISEMENT - CONTINUE READING BELOW , 2023 SPIN.ph - Sports Interactive Network Philippines. The brand signed Kobe for a four-year deal that was worth $10 million a year. In 2021, the Jordan Brand generated a revenue of $4.711 billion. I assume that the Jordan Brand will continue to make an important contribution to Nike's success in the future and. In 2021, Nike's sportswear category generated approximately 15.1 billion U.S. dollars in revenue. By June, the revenue raked in by its merchandise alone was at $3.6 billion, 15% higher than the previous year. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Many people learned through his on-court presence and in the documentary The Last Dance that Michael Jordan is one of the most competitive and strategic athletes. In 2022, the Adidas Group generated over 22.5 billion euros in revenue. Last week, JPMorgan Chase & Co. expressed interest in investing up to $1.1 billion in Serie As media unit. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The Jordan brand represents 10% of Nike's total revenue; this has become 1/10 the size of Nike's business model, which also comprises Converse as a separate brand. These shoes became such a hot commodity, that fatal violence broke out among teens who couldn't afford it. I have no business relationship with any company whose stock is mentioned in this article. Subscribe to our newsletter to get the latest news when it matters most. Brand Association In A Nutshell, An Entire MBA In Four Weeks By FourWeekMBA, Business Strategy Book Bundle By FourWeekMBA, Digital Business Models Podcast by FourWeekMBA, [MM_Member_Data name=membershipName] Home Page. Nike has released its financial report for both the 4th fiscal quarter (March 1 to May 31 of this year), as well as its full fiscal year. Jordan Brand revenue hit $4.8 billion in 2021. And its quite possible that game-changing bets on the power of womens sports could be the single biggest reason why. Michael Jordan was the first athlete to sign a lifetime partnership contract with the company. The Jordan Brand focuses primarily on athletic and casual footwear as well as on apparel and accessories. The Jordan Brand is far from done. But the Jordan Threes were selling at $100, widely surpassing the Converse Weapon that was then endorsed by Mr. Showtime himself, Magic Johnson. The company lost its contract with Kobe Bryants estate when the Laker legends widow chose not to renew it. The firms new AI Fund will invest in AI companies building machine learning models trained on large data sets. You also have the option to opt-out of these cookies. From my point of view, Nike has several growth drivers, which will contribute to their growth in the future. Guy Oseary and Ashton Kutchers venture capital firm, Sound Ventures, has closed a $240 million During the NFL Draft, Rich Paul unveiled the pieces from his inaugural Klutch Athletics collection with New Balance Rich Paul is one of the most prolific minds in sports. The biggest apparel brand in the world . The gain comes on the heels of a 15% gain last year when the rest of Nike's. Working with Wit, the NFL launched a digital activation that put fans in charge: A Caused-Out Cleats generator that combined their favorite teams with their charity of choice, complete with the chance to win a real life pair of caused-out cleats. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. On Mary J. Bliges I Can Love You, Lil Kims featured verse opens with If I told you once, I told you twice. That sentiment could not be more valid for the Jordan Brand. In fact, with over $12 billion in reported revenue . Goldman Sachs potential investment in Serie A follows a plan by the league to spin off an upcoming media unit to boost revenue after the league failed to sell a 10% stake worth $2 billion to three investors in 2021. This all comes after a 15% gain last year despite the COVID-19 pandemic dragging down other divisions of the company. My Cause, My Cleats is one of the most successful undertakings by the NFL in recent years, raising awareness for charitable causes (and letting players rock some wild kicks in the meantime). a new documentary on Gus Johnson, who has been broadcasting games while enrolled at Harvard. A notable exception was Nike. The fact that Nike has consistently managed to increase its dividend over the past 20 years, is further evidence of their robust business model and is a result of the companys strong brand image. The Trophy Room x Air Jordan 1, limited to just 12,000 pairs, has been scandalous from when it first leaked up through its messy release last Wednesday.
jordan brand revenue 2021
jordan brand revenue 2021