BRILLIANT!
The Business of Fashion has published an insightful article regarding the health of the sneaker resale market - backed up by Neustreet data!
We see the significant percentage of major brands and silhouettes that were selling above MSRP have declined in price throughout 2023. Certain hyped releases continue to command massive resale premiums, but many metrics indicate that sneaker resale profitability at a macro level has ultimately decreased.
However, when we here at Neustreet talk to entrepreneurs and different sneaker businesses across the industry, we have a positive outlook for the overall growth of the sneaker market, the number of resellers, and in particular are excited by the enhanced competition from younger sneaker brands.
Thanks again to Daniel-Yaw Miller and The Business of Fashion for covering the topic, and looking forward to seeing more BOF articles about the sneaker resale market!
#sneakers #footwear #fashion #retail #sneakerculture #resale #sneakercommunity
Business Leader I Start up Founder I Management Consultant I Ex Landmark I S P Jain MBA
4moYour webinar on "Design Aesthetics & Styling" sounds like a valuable opportunity to enhance our understanding of fashion. Looking forward to gaining insights from your expertise, UPMA SHRIAN.