Resale battle heats up with Foot Locker’s $100 million investment in GOAT.

American multi-brand footwear retailer Foot Locker has announced a $100 million in GOAT Group, one of the most prominent players in the fast-growing $6 billion global sneaker reselling market. The move marks the largest investment to date by a retailer into the secondary sneaker market, as well as Foot Locker’s biggest investment ever. Is this a good thing for sneakerheads, though?

Tags from the story
More from Tundra Parisi

CIVIDINI 30th Anniversary

CIVIDINI CELEBRATES ITS 30th ANNIVERSARY AND SHOWS ITS WORLDS30th Anniversary A 30-year...
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.