User:Dianablell/Sneaker collecting

Industry growth
The sneaker market has begun to manifest itself in different venues. The growth of online retailing and auction sites has provided sneaker collectors with new methods to find the rarest shoes. Sneakers retailers have begun to adopt creative means to release these rare sneakers. Some retailers have implemented a raffle system where the winners are chosen at random while others have implemented a first come, first served model. '''The SNKRS app was launched in 2015, by the Oregon-based retailer also known as Nike, to give more access to the latest sneaker drops in addition to increasing the consumer audience.This app implements the raffle system and the first come, first served model depending on the expected hype or participation in gaining certain limited produced shoes. The most heavy sought-out sneakers are usually done through raffles to give everyone a fair chance. . ''' These methods of buying the shoes have allowed all consumers to have a fair chance at buying the shoe.Jordan Geller opened the Shoezeum in San Diego, a 9,000 sqft gallery of collector sneakers. Foot Locker launched Sneakerpedia.com, a wiki based online community for shoe collectors.

Due to the popularity of these rare sneakers and streetwear culture, the emergence of a large scale counterfeit market has risen to meet the demand for these highly sought after sneakers. However, in response to the large counterfeit challenges, new companies have taken off. The shoe reselling market is currently dominated by StockX and GOAT. '''Sneakers have the highest resale outreach among retail consumer goods, there aren’t many aftermarket apps that contain as much of a following as ones like StockX or GOAT for any other goods. The resale market is reaching close to a billion in the span of a year. The sneaker head community hates the resale community especially for the ones just trying to get a pair of shoes they like and not wanting to have spend an insanely high markup price depending on the sneaker. Apps like SNKRS were made to give a fair chance but in the recent years, that has not been the case.The first come, first served model has some flaws as bots, proxies and other servers have made it nearly impossible to get a pair of shoes before your size is sold out. This is what makes aftermarket apps like StockX and GOAT so famous. Sneakers are resold for 1-2x the price on average after buying out the few sites that sell your sizes. Supply and demand comes Into play because by the following week, consumers want to have the latest shoes on their feet which will cause them to purchase aftermarket prices.''' These sites provide a trusted platform where buyers can buy shoes from sneaker resellers. The model works when the sellers send purchased items to StockX or GOAT facilities for inspection and verification, then authenticated products are shipped to buyers. '''StockX allows you to watch and track the prices of shoes resale value in real time. It is a good place to start deciding which shoes are worth your money or time with their stock market functionality.''' Additionally, sneakers bought from StockX arrive with a QR coded tag on the shoe guarantee the authenticity of the shoe.