ABCDE Business sunday, december 26, 2010 CARPAGES
Cold comfort The all-electric Nissan Leaf is ideal for short trips—but mind the range if you turn up the heat. On the back page.
COLOROFMONEY
Come clean How the fibs we tell ourselves keep us from sticking with our financial goals. G4
EZRAKLEIN
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MARKETS
A month of merriment U.S. stocks rise for the fourth straight week. G6 YTD: Dow
NASDAQ TECHNOLOGY Is this thing on? How to set up that new computer (first, think uninstall). G3 Also, when the thrill of a gadget gives way to a headache in high-definition. G2 S&P 500 +11.0% +17.5% +12.7%
Air Jordans: Nike keeps step with a cult following
I
Released in 1984-85 season, $65 Te debut shoe was banned by the NBA for violating the uniformity rule. Jordan wore them anyway and was fined. Nike revenue, 1985: Not available
Note: Revenues from the fiscal year. Nike’s fiscal year ends on May 31. Sources: Nike, Bloomberg
PHOTOS COURTESY OF NIKE; GRAPHIC BY MARIANNE SEREGI/ THE WASHINGTON POST
IV
1988-89, $100 Lee featured the shoe in a scene of his movie “Do Te Right Ting.” 1989: $1.7 billion
V
1989-90, $125 Inspired by WWII Mustang fighter planes, with shark-teeth profile on the midsole. 1990: $2.2 billion
II 1986-87, $100
Made of leather in Italy. Te only original release not made in black. 1987: $877.4 million
III
1987-88, $100 With this shoe, Nike introduced the Jumpman logo. Ads featured Spike Lee. 1988: $1.2 billion
G EZ
VI
Released in 1990-91 season, $125 Jordan won his first title with these. Te rear pull tab was inspired by Porsche. Nike revenue, 1991: $3 billion
VII
1991-92, $125 Had neoprene sock liner. Jordan won second title and Olympic gold this year. 1992: $3.4 billion
VIII
1992-93, $140 Issued in only three color patterns. Jordan won third title. 1993: $3.9 billion
IX
1993-94, $125 Released aſter Jordan retired to pursue baseball. Also made into a cleat. 1994: $3.8 billion
X
1994-95, $125 Jordan rejoined NBA in March 1995. Color patterns made for different cities. 1995: $4.8 billion
XI
Released in 1995-96 season, $125 First basketball shoe to have patent leather. Aimed for a “formal look.” Nike revenue, 1996: $6.5 billion
XII
1996-97, $140 Inspired by a 19th-century dress boot. His shoe in famous NBA Finals “flu game.” 1997: $9.2 billion
XIII
1997-98, $150 Inspired by a blank panther. Te Jump- man hologram mimics a panther’s eye. 1998: $9.6 billion
XIV
1998-99, $150 Inspired by Jordan’s Ferrari 550 M. Considered one of the most comfortable. 1999: $8.8 billion
XV 1999-2000, $150
Inscribed with “23/6/15,” for Jordan’s number, his titles, and the shoe model. 2000: $9 billion
XVI
Released in 2000-01 season, $160 Removable top turned it into a game shoe. Symbolized move to the front office. Nike revenue, 2001: $9.5 billion
XVII
2001-02, $200 Most expensive Air Jordan ever made. Sold in a metal briefcase with a CD-ROM. 2002: $9.9 billion
XVIII
2002-03, $175 Jordan wore in last game. Inspired by Lamborghini. Had “Drivers Manual.” 2003: $10.7 billion
XIX
2003-04, $165 Inspired by the Black Mamba snake. Made to be light and flexible. 2004: $12.3 billion
XX
2004-05, $175 Inspired by motorcycling shoes. Strap-on top had etching of Jordan’s milestones. 2005: $13.7 billion
XXI
Released in 2005-06 season, $175 Inspired by Bentley Continental GT Coupe. Had seamless diamond-quilted bootie. Nike revenue, 2006: $15 billion
XX2
2006-07, $175 Camouflage reflected inspiration — the F-22 stealth fighter jet. 2007: $16.3 billion
XX3
2007-08, $185 First Air Jordan that sought to be environmentally friendly. 2008: $18.6 billion
2009
2008-09, $190 Changes its naming convention, ditching Roman numerals for the year. 2009: $19.2 billion
2010
2009-10, $170 Window represents Jordan’s “ability to see through his opponents.” 2010: $19 billion
NO KICKING THIS HABIT
For a quarter-century, Nike has built basketball shoes that inspire a cult following. Kids happy to sport new kicks in school sometimes grow into devoted collectors —or sneakerheads—willing to drop thousands of dollars on a closet full of sneakers endorsed by their favorite players. In recent years, casual designs from companies such as Vans have been all the rage. But there’s hardly any debate that Nike’s Air Jordan brand, now in its 25th year, was what catapulted the collectible trade into big business. Air Jordan is a $1 billion-a-year franchise for the Oregon-based shoemaker. Even after a recession that squeezed consumers, sneakerheads swarm retailers for the latest release of retro Jordans, often priced between $130 and $175. So the Jordan franchise has opened up the collectible basketball business to a new generation of sneakerheads. A Nike shoe endorsed by Lakers star Kobe Bryant carries on that tradition when it reaches stores today, priced at $130 a pair.
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