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Sneakers have some of the highest resale multiples among retail consumer goods. Sneakers are resold for prices that can exceed 10x return on the most coveted, low-production releases. [3] [33] In the 2010s, the sneaker market expanded into online retailing and auction sites. Some retailers have implemented a raffle system for online and in ...
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GOAT implements a ship-to-verify model that uses machine learning and human review to verify the authenticity of the sneakers on its platform. [7] In 2019, the platform expanded into new markets and categories to offer luxury and streetwear apparel and accessories.
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Sneaker companies encourage this trend by producing rare sneakers in limited numbers, often at very high retail prices. Artistically-modified sneakers can sell for upwards of $1000 at exclusive establishments like Saks Fifth Avenue. [21] In 2005, a documentary, Just for Kicks, about the sneaker phenomenon and history was released.
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Sneakers. This is a list of shoe styles and designs. A shoe is an item of footwear intended to protect and comfort the human foot while doing various activities. Shoes are also used as an item of decoration. The design of shoes has varied enormously through time and from culture to culture, with appearance originally being tied to function.