John Kim 
Investment bank giant Goldman Sachs recently had a meeting with Josh Luber, who runs the sneaker resell data analysis website Campless, to get a better grip on the future of reselling and how it effects stock value of sneaker retailers such as Foot Locker and Finish Line. Goldman Sachs believes that there is indeed a connection with retail performance and the weakened state of reselling, which was previously reported as a robust $1 billion on eBay from November 2013 through October 2014. There are a number of reasons why the resell market has died down; the brands are getting closer and closer to meeting the demands of the consumer (making shoes less limited), prices are increasing across the board, and the overall existence of “collectors” is diminishing. The bank’s current rating for the aforementioned retailers is “sell”, which shows us that the outlook on footwear retailer is not as strong as it once was.
Source: bizjournals
