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According to reports by Cowen Research, the sneaker resale market could reach $30 billion by 2030. “Flipping” sneakers—buying them at retail prices, or below retail prices in some cases, and reselling them at a higher price—has been big business for years. Those willing to put in the time, research, and legwork can see large profits quickly thanks to social media and growing digital marketplaces like StockX and GOAT, which are tailored specifically to the trade. These schemes naturally attract many young hopefuls. Consider, for instance, 19-year-old entrepreneur Joe Hebert, or “West...

The Absurd Nike Scandal That Has Sneakerheads Losing Their Minds Slate 3/2/2021 © Provided by Slate The author’s closet, for full disclosure. Derreck Johnson According to reports by Cowen Research, the sneaker resale market could reach $30 billion by 2030. “Flipping” sneakers—buying them at retail prices, or below retail prices in some cases, and reselling them at a higher price—has been big business for years. Those willing to put in the time, research, and legwork can see large profits quickly thanks to social media and growing digital marketplaces like StockX and GOAT, which...

Ann Hebert, vice president and general manager of Nike’s North America division, “departed” from the company Monday, Nike said in a statement.

Ann Hebert, vice president and general manager of Nike’s North America division, “departed” from the company Monday, Nike said in a statement.