resellers
A class action lawsuit filed against clothing and sneaker reseller StockX has reached a settlement in Quebec. The lawsuit alleged that certain prices listed on StockX’s website hid various fees from customers, which goes against Quebec’s Consumer Protection Act. Those eligible for the settlement must have purchased a product on the website using the “Buy […]
Grailed is being acquired by GOAT Group, the company which previously invested in the popular resale marketplace brand last year. “With its uncompromising brand identity, GOAT Group is the perfect complement to Grailed’s cutting-edge community of fashion enthusiasts,” Arun Gupta, co-founder and CEO of Grailed, said in a press release issued Monday. “GOAT Group stands […]
With news of Nike Korea cracking down on resellers making the rounds in recent weeks, the brand has made similar updates to its e-commerce terms of sale stateside. First spotted by The Wall Street Journal, Nike’s new terms of sale include updated language pertaining to resale and bot use. The policies, which have been in place […]
The same day Ebay announced its own fee increase for sneaker sales, competitor StockX has also made a change that will affect sellers beginning next month. In an email to sellers, StockX said it will add a $4 shipping fee for all single-item shipments. According to the email, the change is being made to address cost […]
Less than a week after Zadeh Kicks was formally charged with wire fraud, conspiracy to commit bank fraud, and money laundering, the disgraced sneaker reseller made a virtual appearance in court today for his arraignment. Zadeh Kicks, real name Michael Malekzadeh, pleaded not guilty to all three counts today in Oregon court. Malekzadeh’s partner and chief financial officer […]
It’s an exciting time for Canadian streetwear. In addition to a slew of designers putting the country’s creativity on the world stage, we’ve opened up after two years of restrictions and physical retail is kicking back into gear. And just in time, because the sneaker resale market happens to be booming around the country right now. According […]
It’s never been easier to buy sneakers on the resale market, but that also means the number of options can be downright overwhelming. How do you resell sneakers? Sure, you can do your Googles all day long, but unless you really know where to look, you run the risk of getting burnt with replicas, overpaying […]
Whether it’s an attempt to stop bots during an online drop or making customers wear shoes out of the store, sneaker stores have employed all kinds of tactics to ward off resellers. One London retailer took it to the extreme last week, and now the shop says its actions were wrong. On Friday, footage circulated of […]
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The Supreme and Takashi Murakami collab tee in support of COVID-19 relief is, as expected, being flipped for outsized profits on resale sites. The tee was announced this week at a $60 price point, with all proceeds going to Help USA, an organization with a focus on ensuring “everyone has a place to call home.” Now, […]
