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The Sneaker Industry (A YouTube Video)

The sneaker industry is taking the world by storm.  With its growing popularity we are seeing the rise of consignment shops and resell prices of all the newest heat.  Check out some facts regarding this revolutionary trend then check out this short video to get a true glimpse of what sneakers have evolved into.

Sneakers are a $55 billion global industry. According to sneakerhead data website StockX, the secondary market for rare and limited-release sneakers is estimated to be worth over $1 billion. This is fueled by Nike and its long standing Jordan brand. People wait in lines for hours and spend tens of thousands of dollars just to get their hands on the latest pair of sneakers. – Josh Wolff

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