Adidas decided to cut ties with Kanye West & Yeezy however, since then there has been a lot of talking about the Yeezy resale market. Kanye West’s shoes are not going away as some people expect.
Many stores worldwide are removing Yeezys from their stores and digital sites not to sell anymore. Therefore the only way we will be able to buy Yeezy products is from sneakers resellers like Stock X, Goat, eBay, and all other resellers.
Adidas plans to sell Yeezys under new branding without Kanye West next year, but we don’t know what will happen. We know the shoes will likely sell but won’t generate the previous hype achieved with Ye’s involvement.
What is going to happen with Yeezy prices?
After Kanye left Nike in 2014 we saw his Nike Yeezy skyrocket in value over the years. The increase in value of his Nike shoes allowed anyone who held them to reap the rewards of an incredible ROI up to recent years, so now many are wondering will the same be the case for Adidas Yeezys.
Resellers expect an increase of as much as 50 percent of the price for classics like the Yeezy Boost 350 “Pirate Black” that hasn’t been made in years.
Some sneakers resellers plan to hold onto some of the inventory they already have, like popular Yeezy slides and foam runners, to sell at a higher price later. “Generally, they wear out fast, and when people want a second pair, they just pay the money to get them,” said Schaefer – a sneaker reseller.
As we see on the streetwear reselling site, prices of specific Adidas Yeezy sneakers have risen by more than 20 percent. From this point forward will be far more deficient in quantity and possibly more valuable on the resale market.
In conclusion, without the constant supply to meet the demand, prices will just go crazy, and in the long term, people want what other people don’t have.
The right software for your streetwear resale
Most sneaker consignment store owners use software to help them manage their inventory and shipping.
Aravenda offers leading consignment software designed to help sellers and resellers manage their inventory and track their sales. Our software assists you in managing the inventory life cycle with accurate reporting on inventory, sales, and trends, helping you make better decisions on purchasing ‘new’ items and shelving less popular pieces. This platform integrates directly with Shopify for added convenience when connecting workflows.
Custom Software Solutions Built Exclusively for Sneaker & Streetwear Resellers
Aravenda Software has exclusive features for sneaker resellers:
- Product catalogs where you can autoload product details from custom and direct online catalog links
- Showing all consignors’ items under one shoe listing, with different colors, conditions, sizes, and prices on your website
- Seamless inbound shipping options
- Remote item entry and pre-approval processes
- Fully integrated options for Shopify payments for brick-and-mortar and online sellers
- Location fields used for warehousing, multi-state and multi-country shippers
As the sneaker resale market projects to grow over the next several years, consignment shops must invest in the right tools to optimize their resale results.