sneakers

Skechers USA Inc.’s (NYSE: SKX) upbeat first-quarter results and fiscal 2021 guidance provide a “clearer EBIT & EPS trajectory for the business,” and the company seems poised to generate EBIT margins and earnings growth of at least low double digits, according to Morgan...

StockX LLC said Thursday it has raised $255 million in a funding round led by existing investor Altimeter Capital and Dragoneer Investment Group as a new investor, valuing the e-commerce startup at $3.8 billion. What Happened: StockX raised $195 million in a secondary tender offering and an...

Nike Inc (NYSE: NKE) on Monday sued MSCHF Product Studio Inc, the online stunt marketing company that is behind the most absurd products that become popular online, for trademark infringement and dilution over “Satan Shoes.” What Happened: The athletic shoe-making company filed a...

StockX said Tuesday it recorded a two-fold growth in daily gross merchandise value (GMV) during Cyber Weekend compared to last year. What Happened: The online marketplace, known for being a reseller of sneakers, said its daily GMV averaged 100% growth compared with the same four-day period...

Detroit-based startup StockX said this week that May and June were two of the biggest buying months in the company's history. What Happened: StockX, which markets itself as the “stock market of things,” has become one of the leading secondary markets for verticals ...

StockX, a Detroit-based company that operates a "stock market of things" business, finalized a Series C financing round at a valuation north of $1 billion. What To Know StockX was launched in 2016 and facilitates buying and selling of sneakers, watches, handbags and streetwear. The real-...

The influence of the Detroit-based sneaker marketplace StockX in footwear is accelerating, according to Cowen. StockX recently raised $44 million in Series B funding, which increases its potential for marketplace disruption, analyst John Kernan said in a Monday note. The funding round,...

Puma AG Rudolf Dassler Sport (OTC: PMMAF) capped a successful 2017 after announcing it has delivered sales of over 4 billion euros in 2017, a record for the German sportswear company. Every geographic region contributed to more than double-digit sales growth in fiscal 2017, and footwear continued...

“But the Yeezys jumped over the Jumpman” Those were the words of Kanye West in 2012 as he rapped about his shoe brand surpassing Nike Inc's (NYSE: NKE) Jordan Brand shoe sales. Five years later, it actually happened. Matt Powell, a NPD Sports Industry analyst, tweeted that this is...

Old shoes are far from being "old hat," as the demand for older sneakers remains strong. The sneaker resale market is worth $1.2 billion and has existed for the past 30 years, StockX CEO Josh Luber recently told Fortune. In 2014, Nike Inc (NYSE: NKE) joined the resale market and captured major...