Forbes:
“We want to create a more seamless, frictionless experience for our customer that wants to partake in the secondary market,” says Johnson, who has run Foot Locker since 2014.
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The online secondary sneaker marketplace has exploded in recent years. Estimates of its size range from $3 billion to $10 billion. “It’s really changed the game from people who were just lovers of shoes and wanted to collect and trade, to a new level of profiteering,” says NPD research analyst Matt Powell.
Speculation on what the deal means:
