The Business of Fashion recently published an insightful article titled, "The Sneaker Resale Market Is Broken," regarding the health of the sneaker resale market - backed up by our very own Neustreet data!

You can 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.

The experiences we've had at Neustreet tell a different story. After talking to entrepreneurs and different 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.

Daniel-yaw Miller did a wonderful job writing this for The Business of Fashion, and we couldn't be more grateful! We are looking forward to seeing more BOF articles about the sneaker resale market!

https://www.businessoffashion.com/articles/retail/the-sneaker-resale-market-is-broken/