The New Balance 550, initially dubbed the 'P550 Basketball Oxford,' emerged in December 2020. This model, designed by Steven Smith, was initially met with lukewarm reception, failing to gain significant traction in the competitive market [cite: 1, 3, 6, 8, 29]. The shoe's destiny was altered by a pivotal collaboration. The New Balance 550 was resurrected.
Initially conceived as a performance basketball shoe, the New Balance 550 has transitioned into a celebrated casual lifestyle sneaker [cite: 1, 3, 6, 8, 29]. Its design incorporates a thick midsole with EVA foam and an Ortholite insole. The rubber outsole, featuring a classic traction pattern and a pivot point, provides excellent grip in various conditions.
The New Balance 550 has become a staple in modern street style, frequently sported by influential figures. Hailey Bieber has been seen in the 550 on multiple occasions, showcasing its versatility in her various street style appearances [cite: 11, 23, 31, 34, 53]. Kendall Jenner, in mid-2021, was seen in the model while leaving an NBA game at the Staples Center in Los Angeles [cite: 47]. Taylor Swift, in September 2023, wore the shoe while attending a Kansas City Chiefs game in Kansas City [cite: 54, 58, 63, 64].
The New Balance 550 boasts a low-top silhouette, meticulously crafted from a blend of materials including smooth and perforated leather [cite: 1, 3, 6, 8, 29]. Breathable mesh lines the interior, ensuring comfort, while the sole is made from durable rubber. The iconic 'N' logo is typically rendered in a textured suede-like material.