5c The Sneaker Resale Market

What is the estimated gross market value of the sneaker resale market?

• $1bn

• $2bn

• $3bn

• $4bn

Which platform is considered the leader in the sneaker resale market?

• StockX

• Sneaker Con app

• Goat

• eBay

What is the main factor that determines the price of a particular sneaker in the market?

• Social media hype

• Retail price

• Market demand

• Brand popularity

What is the primary method used by resellers to acquire highly coveted shoes?

• Retail purchase

• Counterfeit production

• Backdoor access

• Online auction

What is the main advantage of acquiring shoes at retail for resellers?

• Brand collaboration

• Exclusive access

• Higher profit margin

• Guaranteed authenticity

What is the primary role of authentication in the sneaker resale market?

• Preventing counterfeit sales

• Ensuring fair pricing

• Regulating market demand

• Promoting brand loyalty

What is the main reason for the increasing influence of social media on sneaker hype?

• Unique self-expression

• Brand competition

• Digital marketing

• Celebrity endorsements

What is the main concern associated with the counterfeit sneaker business?

• Legal implications

• Consumer safety

• Market saturation

• Brand reputation

What is the primary reason for the growing interest of investors in sneaker resale businesses?

• High economic returns

• Innovative technology

• Brand partnerships

• Market expansion

What is the main impact of sneaker resale culture on traditional retail markets?

• Market diversification

• Increased competition

• Halo benefits

• Retail price inflation