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Sneakerheads and collectors are willing to pay a premium for hard-to-find or limited edition sneakers, making the resale market a competitive and fast-paced environment. Leading brands such as Nike, Jordan, Adidas, New Balance, and Converse dominate the resale market. However, as the market matures, opportunities are emerging for mid-tier and niche brands to establish themselves. Brands like Hoka and Salomon are gaining traction, with Hoka achieving a remarkable 90.8% year-on-year sales growth in 2023.

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So I mean, that was kind of the resale thing of 2022 for resellers. If you’re able to get the bulk volume discount and you have a proper business set up and you get a reseller certificate applied, you get sales tax submitted. So you can buy these things with a high bid and then drop them off at your favorite consignment store.