Year: 2023

Set to release as part of Jordan Brand’s Summer 2023 collection, we now have another look at the Air Jordan 1 High OG “Washed Heritage.” The new colorway offers a subtle color mix of “Black/Fire Red/Light Smoke Grey/Sail” for a striking tri-tone look.The Air Jordan 1 High OG “Washed Heritage” features a premium white leather base accented by washed gray suede overlays with lighter gray used at the collars. Aside from the usual midfoot Swooshes, branding comes in the form of “NIKE AIR” tongue tags, Wings motifs at the collars, and printed insoles. Finishing up the design of the shoe are “Sail” tone midsoles paired with black rubber outsoles.The Air Jordan 1 High OG “Washed Heritage” is also set to arrive in a full family-size run and in special packaging.Priced at $180 USD, the Air Jordan 1 High OG “Washed Heritage” is now set to release June 10.For more footwear news, the Air Jordan 7 receives a new “White Infrared” take.

Following its re-release in 2020, the 1996 original Nike Air More Uptempo “OG” is slated to make another comeback in 2023. The shoe, which was famously worn by Chicago Bullschampion, Scottie Pippen in the 1995-1996 season, is set to hit retailers later this year for a trip down memory lane. Known as one of the most classic basketball shoes in the history of Nike, the Nike Air More Uptempo “OG” arrives in the original black and white color scheme. The shoe features the black nubuck upper construction and the signature large “AIR” branding on the lateral foot is outlined in white for additional highlights. The Swoosh logo on the tongue, midsole and insole are all detailed in white while a part of the outsole’s bubble is seen. A translucent bold Swoosh on the heel rounds out the design of the shoe.Take a look above at the Nike Air More Uptempo “OG” slated to arrive in the coming months in select retailers and at Nike for $160 USD.In other footwear news, New Balance 550s arrive in the USA-inspired tri-color “Suede Pack.”

According to a Business of Fashion report, the growth of global sneaker sales fell in 2022. Signaling a market downturn, the high-growth phase which resulted in a 19.5 percent spike in 2021 looks to have ended. Global sneaker sales in 2022 totaled $152.4 billion USD, despite reflecting a 2.7 percent increase according to Euromonitor, the dramatic decline shows that the market is changing.The sneaker industry is now projected to grow at an annual average rate of 3.6 percent until 2027 as the footwear space is no longer being dominated by sneakers with mules and loafers rising in popularity. Although Nike and adidas will likely see growth, the two major brands are currently facing oversupply inventory issues and declining sales in China with a local shift to Anta and Li-Ning. Not to mention all of the controversies they faced in 2022, leading to Nike sitting on $9.3 billion USD (43 percent year-on-year) worth of stock and adidas holding onto $6.7 billion USD in inventory (73 percent year-on-year) at the end of the quarter (November 30, 2022).Offering from Nike and adidas continued to be sought after but sneakerheads have become bored with their countless launches, allowing for smaller performance brands to offer sparks of interest in the sneaker space. Generating interest through collaborations breakthrough brands include ASICS (18 percent year-on-year increase, $229 million USD), Mizuno, Merrell, On Running (67.2 percent year-on-year increase, $567 million USD), and Salomon.The sneaker market is expected to face challenging macroeconomic conditions in 2023 with falling consumer demand. Though an opportunity does seem possible as sneakers have always seen a spike in a recession environment. View this post on Instagram A post shared by The Business of Fashion (@bof)For more footwear news, the Air Jordan 7 receives a new “White Infrared” take.