Why This Chicago Real Estate Professional Launched a Basketball Shoe Brand (2024)

Most shoe company founders don’t have day jobs. But don’t tell that to Eric Porter.

In November 2020, Porter launched Stria Sport, an athletic footwear brand with a focus on the performance basketball market. When Porter isn’t busy getting his company off of the ground, he’s in Chicago working as a real estate developer on the acquisitions team.

“I don’t get a lot of sleep,” Porter said with a laugh.

Prior to both Stria Sport and his real estate career, Porter played college basketball, hitting the court for D-I school Loyola Chicago before transferring to play D-III ball at nearby Lake Forest College.

He named the companyStria after the Latin word “industria,” which is translated to energy. “Anything you want to do in life, you’ve got to put in the right energy to be successful. Nothing just happens,” Porter said. “We put in the time and energy and launched a really great product.”

Related Stories

The Best Sneakers Releasing in March

List of Footwear Company CEOs You Should Know

As for the name of Stria Sport’s debut shoe, the 107 Series, Porter said the idea came from a college workout during his senior year when he hit 107 three-pointers in a row.

Why This Chicago Real Estate Professional Launched a Basketball Shoe Brand (3)

Porter said he is quiet about his Stria Sport venture when it comes to his 9-to-5, keeping the two worlds separate. However, he said people in real estate have found out about the company, not necessarily that he’s behind it, resulting in some surprise customers.

“I’m not actively selling shoes with the properties, this is not a joint package,” Porter said with a laugh. “But I do know people in the industry have bought the shoes. Sometimes I’ll see someone who purchased the shoe and say, ‘That name sounds familiar,’ and the next thing I know I’m getting an email blast about a property he has. But I don’t know how he heard about the shoe, I don’t even know the guy.”

When coming up with what would become the 107 Series, Porter said he researched what NBA players were wearing the most, and was inspired by the specific characteristics some of his favorite shoes offered.

Sneakers including the Nike Kobe 4 and 5, the Nike PG2 and 3, and the Under Armour Curry franchise were some that helped inform Porter on what he wanted to create. Also, he said the comfort of Hoka One One running shoes was an influence.

Eventually, Porter would come into contact with design veteran Peter Backus, who has worked for several athletic footwear companies in the past including Nike and And1. He said the two have been on the same page since the initial meeting.

“I met Peter about two months into the idea of creating a shoe, and we talked to see if we had similar thinking and totally hit it off. He totally understood the vision I had and what I wanted to have in the shoe in terms of performance, and he made what we wanted to accomplish with the shoe easy to create,” Porter said. “We spent hours on phone calls back and forth, and my dad and I flew out to Portland, Ore., to meet with him a couple times. There was a lot of back and forth, and we had trust in him.”

It took seven months to design the shoe, Porter said, and they went through 11 rounds of samples in the year and a half that followed. He had help with wear-testing from athletes as young as an eighth grade level to pros, such as Keifer Sykes, a former pro in Australia who signed with the Indiana Pacers in August, and Donte Ingram, who plays the Dutch Basketball League.

Although pros have laced them up, Stria Sport has yet to see NBA action. However, Porter did confirm that players on theChicago Bulls, Utah Jazz, Philadelphia 76ers, Indiana Pacers and Sacramento Kings have pairs to wear.

As for consumers searching for basketball shoes, Porter explained the approach to bringing the 107 Series to market was intentionally different. For starters, he said he wanted Stria Sport to be performance-led, making the importance on aesthetics secondary.

“I think basketball shoes are trending more toward design. It’s less about performance and more about the brand and how it looks,” Porter said. “Don’t get me wrong, look is obviously a huge part, but I want a shoe based on performance, the most comfortable shoe that is extremely lightweight with insane traction. That’s what I wanted. I wanted high performance shoe that gives athletes the edge.”

Also in terms of aesthetics, Porter said Stria Sport is primarily focused on simple neutral colors that have greater mass appeal than louder colorways.

Why This Chicago Real Estate Professional Launched a Basketball Shoe Brand (4)

As for performance, Porter placed significant emphasis on weight. He said many of the shoes from leading companies that he’s worn have weighed around 15 or 16 ounces, which he described as “wild.” Stria Sport’s shoes, according to Porter, come in at 11.8 ounces.

He also explained that he wants to steer clear of pricing people out of purchasing Stria Sport’s shoes. The price point of the 107 Series is $120, which is cheaper than most top-tier performance basketball shoes on the market today.

“Competitive athletes are using their shoes a lot, and very rarely do the shoes last a full season,” Porter said. “If you’re spending a few hundred dollars a couple of times a season, that gets really expensive.”

Also, Porter said Stria Sport is making the deal even better for teams by offering discounts on team sales. He said he also can imprint a team logo on the shoe, if requested.

At the moment, Stria Sport is solely a direct-to-consumer company, selling its 107 Series shoe and apparel through its website, Striasport.com. However, Porter said he is in the early stages of talking with retailers, and Stria Sport could potentially be in stores in 2022. Porter is targeting the sporting goods channel and mom-and-pop shops in the midwest.

As for the company’s marketing efforts, while recognizing social media is always important, Porter said the focus is getting in front of young athletes and speaking directly with coaches.

“Things can take off with just a social media post, but our big communication is going to be with coaches across the country, whether it’s D-III colleges, D-II high schools, AAU. That’s a lot of the market that we’re talking to,” Porter said. “We’re going to be pretty aggressive with team sales and talking to coaches. I think it’ll be really big.”

Looking ahead, Porter confirmed Stria Sport could enter new categories in the future, and is considering adding a golf shoe and a casual style to its offering. But before then, he said opening up the sizing of the 107 Series in order to cater to women is a high priority. Porter also stated he has engaged in discussions with Backus on the brand’s next basketball model.

Why This Chicago Real Estate Professional Launched a Basketball Shoe Brand (2024)

FAQs

Why were basketball shoes invented? ›

It quickly became obvious that basketball players needed non-slip shoes. There was a selection already available, as from the mid-19th century, canvas uppers were being bonded to rubber soles to make comfortable, nonslip shoes – including for such sports as tennis and croquet.

How much is the basketball shoe market worth? ›

The global Basketball Shoe Market size was valued at USD 3.41 billion in 2023 and is projected to reach USD 4.54 billion by 2031, growing at a CAGR of 3.71% from 2024 to 2031. The basketball shoe market is expanding due to a growing interest in the sport.

What is the market for basketball shoes? ›

Global basketball shoe market size

The basketball shoe's global revenue in 2022 was valued at $5.29 billion, a 2.68% rise from the 2021 market size.

What is the Speciality of basketball shoes? ›

The game places a premium on instant acceleration and deceleration, lateral movement, and jumping ability. For these reasons, a basketball shoe must be constructed with the combined features of support, cushioning to absorb shock, flexibility, and stability.

What was the first basketball shoe brand? ›

Marquis Mills Converse founded the Converse Rubber Shoe Company in 1908 in Malden, Massachusetts. In 1917 the company designed the forerunner of the modern All Star shoe that it marketed under the name of "Non-Skids". The shoe was composed of a rubber sole and canvas upper and was designed for basketball players.

What is the history of the basketball shoe? ›

In 1917, Converse released the first sneaker designed for basketball, the Converse All-Star. By the 1920s the Liverpool Rubber Company was making specialized sneakers, including one specifically made for playing tennis.

Which company sells the most basketball shoes? ›

Nike remains the undisputed king of the basketball shoe market, with a staggering 254 players sporting the brand's footwear, maintaining its dominance from the previous season. Adidas comes in second place, worn by 42 NBA athletes, while the Jordan brand takes third, with 29 players choosing its lineup.

How big is the basketball shoe market? ›

Basketball Shoes Market Outlook (2022-2032)
Report AttributesDetails
Estimated Market Value (2022E)US$ 5,291 Million
Forecasted Market Value (2032F)US$ 6,907 Million
Global Market Growth Rate (2022-2032)2.7% CAGR
North America Market Share (2021)~35.5%
5 more rows

What shoes does Steph Curry wear? ›

Switching from Nike to Under Armour allowed Steph to ask for a supportive shoe that best matched his needs. The increased voice in his own signature shoes (alongside the Zamst ankle brace he started wearing) helped Steph reach his full potential. The Curry signature sneakers indicate his need for ankle support.

Is Converse owned by Nike? ›

Since 2003, we have been part of Nike, Inc. Our shoes have gained added support, stability, and technology—and our workforce has too. Joining Converse today offers you global reach, personal impact and all the benefits of being owned by Nike, while working within a nimble and independent environment.

How long do basketball shoes last? ›

The typical high school or college basketball player will work out for 3 hours per day 6 days per week. This will place the shoe wear at over 60 hours per month. Therefore the basketball shoe should be replaced every month.

What was Nike's first basketball shoe? ›

Nike would release its first ever basketball shoe in 1972, when it came out with the Nike Bruin. As opposed to canvas, this shoe was constructed with leather and suede.

Who was the first signature shoe in the NBA? ›

Walt “Clyde” Frazier, an iconic figure in NBA history, made history as the first NBA player to have his signature shoe. Introduced in the 1970s, Frazier's signature PUMA Clyde set a groundbreaking precedent for player-branded footwear in the league.

Who invented basketball shoes? ›

Marquis Converse is the inventor of basketball shoes. The first shoe that he made for basketball was the Converse All-Star. He invented these shoes in 1923 and ended up getting the shoes endorsed by Chuck Taylor. In 1928 the shoe began to go global.

Why was Jordan shoes created? ›

History. As Michael Jordan entered his rookie year in 1984, he was approached to sign a shoe deal with Adidas, Converse, and Nike. In their meeting with Jordan, Nike centered its presentation around a highlight video of Jordan's various slam dunks, scored to "Jump (For My Love)" by the Pointer Sisters.

Why were sports shoes invented? ›

In the 1850s, the running spike was born to help runners get a better grip in a race. Plimsolls, or “sand shoes,” were the beginnings of modern athletic shoes, and they were made by the Liverpool Rubber Company. They appeared in Europe around 1850 when trains began allowing people to travel for beachside holidays.

Who invented the basketball shoe? ›

Marquis Converse is the inventor of basketball shoes. The first shoe that he made for basketball was the Converse All-Star. He invented these shoes in 1923 and ended up getting the shoes endorsed by Chuck Taylor. In 1928 the shoe began to go global.

References

Top Articles
Latest Posts
Article information

Author: Rueben Jacobs

Last Updated:

Views: 6028

Rating: 4.7 / 5 (57 voted)

Reviews: 88% of readers found this page helpful

Author information

Name: Rueben Jacobs

Birthday: 1999-03-14

Address: 951 Caterina Walk, Schambergerside, CA 67667-0896

Phone: +6881806848632

Job: Internal Education Planner

Hobby: Candle making, Cabaret, Poi, Gambling, Rock climbing, Wood carving, Computer programming

Introduction: My name is Rueben Jacobs, I am a cooperative, beautiful, kind, comfortable, glamorous, open, magnificent person who loves writing and wants to share my knowledge and understanding with you.