Nike tops the ranking of the most popular sneaker brands according to Statista.
Nike tops the ranking of the most popular sneaker brands according to Statista. The global market grew to $75 billion by the end of 2022, with the prospect of reaching $100 billion by 2028.
Nike has strengthened its leading position and now holds about 18% of the market. In second place is the Jordan brand, controlled by the sports giant, which owns 11%.
The top three is Adidas, which accounts for 9% of all sneakers worldwide. In fourth place are Skechers and Vans, taking 7% of the market, followed by Moonstar with 5%. Converse (Nike-owned) and New Balance have 4% of the market.
Experts attribute the popularity of sneakers as a cultural phenomenon to several factors:
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The 9,200-sq.-foot space is designed as a tribute to basketball culture and the brand’s identity and heritage.
Michael Jordan gets only 5% of revenues.
The official opening will take place on December 16.
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