The Detroit-based “stock market of things” has announced that it surpassed $1 billion in gross merchandise value in 2019 alone, as the platform pushed forward with international expansion, especially in Europe and Asia.
Wall Street analysts were upbeat about Nike's long-term growth, encouraged by the sportswear maker's robust online sales and strength in China that helped overcome slowing demand in North America, its biggest market.
The online marketplace has announced that it is launching zero selling fees for North American customers selling sneakers for over $100 and has also revealed a calendar of new footwear drops to end the year.
A matter of days after the confirmation of a collaboration between Prada and Adidas, the worlds of luxury and sneakers may be coming together once again, via a Jordan 1 signed by Dior, rumored to be released next June.
Watches of Switzerland is using the redesigned lower level of its flagship store in New York’s SoHo to host a sneaker and watches exhibition with Stadium Goods as it continues to build its reputation in the US market.