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People usually come in asking high when they are trying to sell their shoes to us, but we have a reputation now for paying well for really good shoes. People know that any really good shoe that goes for money, we’re going to pay better than other stores. Near the first of the month when rent is due more people are coming in and they’re a little more desperate.
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But the knockoffs keep improving, and even sneaker aficionados are easily fooled. Rami Almordaah is chief authenticator at sneaker resale store CoolKicks. It’s his job to identify fakes and drive hard bargains for sneakers.
What compelled you to take part in the deposition and things like that? And was there any moment where you were like, “I’m done with this. So, for me, I did get the refund yeszy slides, but the thing is, I really like StockX, I really think they’re actually a critical part of sneaker accessibility and I believe in the concept. The problem is, they’ve never really been held accountable for the way they’ve handled this stuff. They weren’t trying to admit outright that they were fake? They gave me a $500 gift card for my troubles, and they offered to fly me out to Detroit so I can see the authentication process in person and stuff.
According to data from 2022, Nike leads the global sneaker revenue with $28 billion, followed by Adidas $13.4 billion. However, within this booming industry lies a lucrative secondary market known as the sneaker resale market. This market is estimated to be worth around $2 billion globally yeazy slides, with prices for rare and coveted sneakers often reaching thousands of dollars. The sneaker resale market differs from the primary retail market in that it is driven by scarcity, exclusivity, and hype.