August was slower because I took a week and a half off to take my son to Miami to start his freshman year. This brief disruption allowed for a group to encroach on the wholesale account I set up in July. Although the time away from the business allowed me to assess how everything operated…
This is Part 1 of the report for the first third of 2021. I’ve been busy adjusting to the rules at retail to offset resale. Most hyped general release shoes are released via retail Apps. In brick and mortar locations, stores are flagged for selling more than five pair of shoes at a time to…
Co-founded by Dan Gilbert and Josh Luber, StockX’s investors include Google Ventures, Battery Ventures, Karlie Kloss and Steve Aoki. Source: Detroit-based StockX to hire 1,000 with $44M investment Have you ever started working on something and you want to share it, but you cant’? I’m at that point right now. I’m on page 35 of…
Surviving sneaker retail in Memphis is a difficult task. I’m discussing a local store in this post, but I will use the name “Store A” in this post. (5-7 minute read) pic via StockX How long should a retail sneaker shop enforce purchasing policies on products that are perceived to be “hyped” or “hot” releases?…
Source: Arkiv | Sneaker Solutions Yesterday Tayib and I did an Insider Ties livestream discussing how reselling sneakers isn’t a business. It took the Housakicks Facebook page on a mission for clarification as resellers took offense to what we were saying. What didn’t come across is that we aren’t saying reselling is a waste of…
While many apparel retailers are struggling with shrinking sales, the U.S. volume of clothing and other items being traded online through reselling services has more than doubled since 2013, and the market is now slightly more than $2 billion. PHOTO: EMILY WILSON FOR THE WALL STREET JOURNAL Source: Young Consumers Tap Online Market for Recycled Apparel…
I’m waiting on my co-owner at Housakicks to complete the charts for an analysis of the latest release from Under Armour for Steph Curry. Since the release in September there have been countless Twitter discussions and statements made about how poorly the Curry 3 is performing in stores. Disclosure: It’s very hard to account for…
The Nike Presto Extreme above Last year at this time the ZX Flux was continuing to push its way into the market and UltraBOOST was just a hype word and not many people were able to grab the shoes. The ZX Flux showed a trend shift, but the shoe that was shining was the Nike…
Release date is Nov. 19, 2016 at a retail price of $190. A long time ago Kobe did something really stupid in Colorado. He was dropped from his contract with adidas and as a sneaker free agent he began wearing a series of Jordan Brand kicks before becoming the Black Mamba and getting his first…
If you take the time to speak to most online retail shops that carry sneakers, the majority of shops also sell on third party marketplace platforms like Amazon or eBay. Wal-Mart is now wading into the water as well. These online shops may have websites, but they have to use a series of checks and…
Source: NEW BALANCE ST. LOUIS EARTH CITY DISTRIBUTION CENTER OPENS TO SUPPORT GROWTH AND EFFICIENCY OF ECOMMERCE BUSINESS A few weeks back I discussed why mom and pop and other big box retailers were going out of business. (Click here to watch that video and subscribe to my youtube for more talks like this.) Basically…
My man Tayib came with another question about the sneaker biz and it’s a tough one to deal with. Check out this video on his page. While I don’t go into detail about early kicks I do drop a couple of stories that explain how some things go down in the sneaker world. This one…
Tayib from Housakicks (www.housakicks.com) hit me up to do a Google Hangout to discuss my thoughts on entering the sneaker resell game. My thoughts are about how the game has changed with Nike’s decision to increase the cost of footwear. It’s a good discussion and has led to Tayib looking to get more answers. Check…
