Why Sneaker Store Owners are Going Bankrupt End of 2024

[Demonstrait]

Sneakers are dropping because people rather take 200$ for groceries instead of shoes

[aarontoalet]

Very few people are desperate for shoes that they NEED them immediately.

[RepDaVinci]

I’m tired of seeing all these reseller stores popping up in the malls. There’s at least 5 in my local. The sneaker game is all fvcked up.

[YUNGEUROTV]

Sneaker culture is dying out because of scumbags who use bots to get every shoe and then resell and a crazy mark up and people are getting sick of it

[ezrapark]

honestly i’m super shocked at how informative this was. i always wanted to know the breakdown of what happened at sneaker stores and this explains why a lot of sneaker stores near me shut down with crazy high priced shoes. thank you fr, you earned my sub

[nbarealtalker]

I’m gonna go out on a limb and say the issue is an utter lack of originality. It’s important to understand and follow trends to an extent, but at some point, a store has to hit a niche or satisfy a lesser desired nostalgia. Otherwise, it will ebb and flow with the market. If you lined up 50 of these stores next to each other, there would be less variety than if you lined up 50 Footlockers next to each other. It’s not just money, people get sick of paying more and more for what inevitably equates to all the same old ish. There’s gotta be a unique or originality factor for a business to sustain. Otherwise, you’re just banking until things change. And it’s not just trends that change, it’s attitudes.

[benny]

So in this point of view it boils down to location location location.... for your store and great community support for the backbone of the market to survive while having an awesome time. Got it. Great vid.

[Majestic]

There’s no reason pay retail or more from a specialty sneaker store on newer release’s, when you can get them from the manufacturers, licensed retail stores (Dick’s, Finish Line, etc) or at the outlets a LOT cheaper. With places like Stock X, Poizen, GOAT, etc, people can get pretty much ANY shoe they want cheaper than a speciality store. I get that there’s major cost involved, including rent, staff, marketing, and advertising, but that’s part of the game. You have to pay to play the game to get known, and established.

[Kiuuuj]

Crazy how it seems every new sneaker is sitting

[TheCandyMan]

He just said that the prices may be high for you, but for the average consumer they’re not. Did he just call me poor!!! lol

[brianflores]

This is a consignment store, if you want to open a straight up resell shop it all comes down to how many in demand shoes u can get for retail, cause hypothetically speaking if you can get them all for retail and you dont have to essentially middleman a pair then you can do pretty well. It all comes down to what u can get for retail price thats in demand

[Otot]

Adapting and having access to pairs at fair prices. No fear opening stores when you’re ahead of the curve🔥🔥🔥

[unitedwestandunitedweprogr]

#Sometimes you gotta not #Pay the price & wear socks 🧦 outside I #Cant afford shoes #Random #Comment ✌🏽💪🏽🤣 great content brother

[Jeremya]

This is one of the best videos ive seen on business..i would recomend it to anyone that is starting or thinking of starting ANY business..the only thing i would disagree with is having your own business is better because you dont have to deal with an idiot boss and thats worth ALOT..WELL DONE

[acostanj]

Sometimes it’s not all about profit, sometimes it’s all for the people to get things they can’t get in retail stores

[JEng-xw]

Smart young man👍 you have head on straight and no doubt you’re going to go far👍

[CsCrashout]

💯
If i needed a shoe right away i would probably go to a resell store like yours and get them Jordans right away.

[johnjoe]

There's a lot of rich kids with to much money & no sense. Charging £400 for Pandas is criminal & should not be legal! 💯

[DEJAVU]

Bro let the creator of all creations bless you because there's no one on YouTube that ever explained how to create a business that fast and with the accurate information that you have bestowed upon us distance from Yoda thank you the force is very strong with you

[AyyRios]

videos keeps getting better and better. great documentary style