Saw this and found it rather interesting & I can imagine the start of an interesting story. Personally I have had no issues but i’m not a massive seller by any means.

All the stuck-at-home COVID speculator bubbles have popped or are popping

Rip bozos

F*** em

Not my problem

Inflation and recession affecting everything. People not shelling out enough money for resells lol

these companies basically exist at the intersection of two squeezed industries atm with tech and sneaker resell so not surprised some are struggling. I don't think the big players will go away any time soon but who knows

new avatar.

Fell off like 2 years ago tbh rn it’s just flat out buried which is good cause s*** got very corny

still a whole generation of grifters that will find anything to exploit

a good # of those 'buy/sell/trade' shops are going out of business across the country.

even with cosignment stores (like op linked to) a bunch of those sneaker kids thought it'd be a good idea to open up shop without realizing the overhead of employees/rent/etc etc. it's not surprising they're behind on payouts to cosigners.

markets also changed on the bread and butter of those shops, aka dunk lows/aj1s/yeezys. nike and adidas have been pumping more bs out by the minute and it seems like consumers are getting tired of new (boring) releases.

doesn't help that 99% of them fall into the same kind of marketing/aesthetic. s*** has become so monotonous. it's like there's a checklist of curation they have to do. green grass backdrop? check. essentials hoodie? check. fake gallery department? check.

just recently, some store in american dream mall nj ran off with over 100k in cosignment merch and failed to pay rent for months. margins done dried up on streetwear reselling and unless you have a strong online presence to gather an audience so dumb to pay $150 above market on a shoe you could get on stockx for significantly less, that biz is dying.

please bro, AJ1s are dipping right now and I couldn't be happier.

bruh the 4th paragraph was a little too real like how were you spot on with that

getting an actual job and cashing out on s*** for personal wear has been infinitely more satisfying than the rotating closet reselling bullshit I was on in early college

All design is extremely oversaturated to the point most things around us are noise even if they’re trying to be ‘minimal’ about it

It's joever man

thank god, f*** reselling grifters

I haven’t entered a raffle in almost 2 years. Kind of glad. Seems like the fall off started with Nike calling out footlocker and stockx

Yeah reselling isn’t the same as it was during like 2016-19. To me those were my glory days of sneaker reselling. Get on champs footlocker and footaction app, reserve like 9 sneakers, post them on offerup or stockx, sell them the next day, and don’t forget leftover pairs. I feel like 2020 was the downfall when those stores changed to flx and made minimum purchase 5k to get one pair in 2020 that’s when everything messed up. Then sb’s got popular and the skate shops were backdooring every pair. Covid brought a lot people into the hobby but they weren’t really there for it and more about making money or just the trendiness of sneakers. So a lot of resell stores aren’t surviving because they’re just in it for the money. They don’t care about making a good resell store for the community. But then again Round 2 didn’t survive but cool kicks did.

Also all the good retros already came out these new retros and reimagines just suck no one wants them.

Good i can finally get the s*** i want lmao
I will say tho it hasn’t been as bad recently i feel like a lot of good shoes brick on the market now. They effectively pushed a lot of people into the fake markets and it’s been eating at them. Outside really big releases i don’t see a lot of shoes selling crazy.

Good f*** them

when royals bricked that’s when you know it’s up. it’s good tho that now you can pretty much get what you want and don’t feel pressured you can just cop stuff for more or less retail and enjoy it