Buy Low-Tops, Sell High-Tops: StockX Sneaker Exchange Is Worth $1B

Nic Wilkins started selling parts of his sneaker collection online two years ago as a way to make some extra cash in college. Sneaker collecting and trading “just keeps growing,” said Mr. Wilkins, a 24-year-old San Francisco resident who recently hired a business partner to manage his shoe inventory at a warehouse in upstate New York. StockX is part of a burgeoning group of online marketplaces that have turned resales of sneakers into a kind of currency — and an increasingly big business.

Source: www.nytimes.com