The secondary sneaker market is rather unique in that unlike items in other resale fashion categories (e.g., clothing), sneakers often resell for more than their original retail price.
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Is StockX a secondary market?
Over the past few years, the secondary sneaker market has grown into a beast of its own, with StockX, a leading resale platform rumored to go public this year, projecting the secondary market to grow to 15-25 percent of the $100 billion sneaker market by 2025.
How big is the sneaker resale market?
analysis from July estimates that the sneaker resale industry is worth $2 billion in North America and could reach $30 billion globally by 2030.
Who are StockX competitors?
Top 9 StockX competitors
- SODA.
- Grailed.
- Rally.
- GOAT.
- Poizon.
- Secured.
- Stadium Goods.
- Flip.
Is Eminem part of StockX?
Detroit-based StockX, an online consumer platform for high-demand, limited edition products, is partnering with Detroit native Eminem to create exclusive content and access to sneakers from the hip-hop artist’s personal collection.
Who owns StockX Eminem?
Josh Luber
When Josh Luber cofounded sneaker trading platform StockX in 2015, little did he know his first backers would include Mark Wahlberg and Eminem. Five years later, StockX is worth more than £800 million, employs 1,100 people and has expanded beyond footwear to other collectibles.
How much is the secondary sneaker market worth?
Cowen estimated the global sneaker resale market to be worth about $6 billion in 2019, predicting it would rise to nearly $30 billion by 2030.
What sneaker size sells the most?
The men’s shoe size that sells the most is size 10.5. It’s the most common men’s shoe size and sneaker brands make more pairs in that size because they know more men in the world wear them. For that reason, 10.5 is the men’s shoe size that technically sells the most.
How do resellers get so many pairs?
“I get nearly all my pairs online. The average reseller will use computer programs called bots to try to get their hands on sneakers. Bots virtually automate everything, attempting to rapidly check out multiple pairs from websites before they sell out, much faster than any human could.
Where can I sell instead of StockX?
Alternatives to StockX
- eBay: Possibly the most popular of all, you can either sell at a fixed price or open up products for bidding.
- GOAT.com: An online portal for used and new sneakers.
- Poshmark: You can sell shoes, clothes, handbags, and watches.
- ThredUp: A thrift store/consignment platform for buying and selling.
How many employees does StockX have?
800 employees
The company has more than 800 employees, as of August 2019. StockX is among the fastest-growing startups in Detroit and Michigan, as of late 2018.
What is StockX revenue?
Estimated Revenue & Valuation
StockX’s estimated annual revenue is currently $528.7M per year.( i) StockX’s estimated revenue per employee is $358,930. StockX’s total funding is $690M. StockX’s current valuation is $3.8B.
What does the W stand for on StockX?
When selecting a size, “WIDE” will show next to the number, if the shoe has a wide fit. Please double check for these before placing your Ask/Bid. (W) – Women.
Does StockX have a store?
StockX expanded its presence offline by opening its first ever physical store in New York City in 2019. “As primarily a web business, it’s great to be closer to our customers and engage with them. We’re excited to have New York as our first location” said Luber. 11.
Where is StockX based?
StockX is proud to be a Detroit-based technology leader focused on the large and growing online market for sneakers, apparel, electronics, accessories, and collectibles. StockX’s powerful platform connects buyers and sellers of high-demand consumer goods from around the world using dynamic pricing mechanics.
What does GS stand for in shoes?
Grade School
Grade School or GS refers to the reengineered sizes of popular sneaker silhouettes. Built of a smaller and narrower construction, Grade School models are specifically designed to fit a foot smaller than the average male, offering the perfect fit for girls and adolescents.
How much do StockX sellers make?
Large Fees
StockX charges seller’s a 9.5% sellers fee, although this can go down as you sell more sneakers.
Is StockX used shoes?
Shoes sold on StockX are considered deadstock, which means that they’re authentic, new and unworn at the time of sale. Deadstock sneakers are also sold with the original box including the box lid and the box label indicating the shoe size, as would be acceptable for sale at a retail location.
Is reselling sneakers profitable?
If you follow the process of flipping shoes, you can profit around $80-100 per pair for starters. You can work your way to generating higher margins if you get better sneakers to resell, potentially up to $500 per pair. This is not a bad way to make money, and you’ll learn the exact process later on.
How big is the Sneakerhead industry?
The U.S. sneaker resale market generated $2 billion in 2019, according to a 2020 Cowan Research Equity study, which also indicated that the sneaker resale business will explode and generate up to $30 billion by 2030.
Are sneakers worth collecting?
Is Collecting Sneakers A Good Investment? Sneakers can pay off as an investment. In the short term, hyped up releases often sell for much more than their retail price. In the long term, less hyped releases can appreciate in value as their rarity increases.