Nike's Jordan Sales Up 89% Year-Over-Year

michael jordan wall street

Photo: AP Images

Overall, Nike saw its year-over-year share gains in the US increase 31 per cent year-over-year last week, according to UBS.Individually, the Jordan brand increased 89 per cent year-over-year last week. Nike and Converse were up year-over-year as well, but just 19 and 4.5 per cent respectively. Basketball season ending last week was the big driver for the huge spike in Jordan sales.

Basketball sales were up over 60 per cent from the previous week, and trailing four-week basketball sales grew 21 per cent — which made this “one of the strongest basketball seasons in years.

Don’t Miss The 10 Companies That Are Saving The World >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.