Industry | Sneaker and apparel reseller |
---|---|
Founded | 2015 |
Founders | Eddy Lu Daishin Sugano |
Key people | Eddy Lu (CEO) Daishin Sugano (CPO) Yunah Lee (COO) |
Parent | GOAT Group |
Website | www |
GOAT is an American online platform offering sneakers, streetwear, luxury apparel and accessories through the primary and resale markets. Founded in 2015, GOAT has 50 million members and over 1,000,000 sellers across 170 countries on its platform.
GOAT was founded by Eddy Lu and Daishin Sugano in July 2015. [1] The idea for the platform was inspired by a purchase of sneakers by Sugano which turned out to be fake. Lu and Sugano launched GOAT as an online sneaker marketplace that would authenticate purchases to ensure no counterfeit shoes were sold. [2]
In February 2018, GOAT announced the acquisition of Flight Club, creating an omni-channel approach for the business. [3] The brands operate independently, as GOAT focuses on mobile and web listings, while Flight Club focuses on global retail and e-commerce consignment. In July 2019, GOAT launched in China. [4]
In April 2022, GOAT partnered with French football club Paris-Saint Germain as the official style partner, with the platform's logo appearing on the club's jersey sleeve starting from the 2022-23 season. Collections and campaigns featuring the Parisian club and players such as Kylian Mbappé later emerged from the partnership. [5] [6]
GOAT implements a ship-to-verify model that uses machine learning and human review to verify the authenticity of the sneakers on its platform. [7] In 2019, the platform expanded into new markets and categories to offer luxury and streetwear apparel and accessories. [2]
GOAT has partnered with several luxury brands, including Versace and Bergdorf Goodman, to list their products directly on the platform. [8] By 2022, GOAT had 50 million members and 1,000,000 sellers across 170 countries on its platform. [9] [10]
A reseller is a company or individual (merchant) that purchases goods or services with the intention of selling them rather than consuming or using them. Individual resellers are often referred to as middle men. This is usually done for profit. One example can be found in the industry of telecommunications, where companies buy excess amounts of transmission capacity or call time from other carriers and resell it to smaller carriers. Resale can be seen in everyday life from yard sales to selling used cars.
Air Jordan is a line of basketball shoes produced by Nike, Inc. Related apparel and accessories are marketed under Jordan Brand.
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Streetwear is a style of casual clothing which became global in the 1990s. It grew from New York hip hop fashion and Californian surf culture to encompass elements of sportswear, punk, skateboarding, 1980s nostalgia, and Japanese street fashion. Later, haute couture became an influence, and was in turn influenced by streetwear. Streetwear centers on comfortable clothing and accessories such as jeans, T-shirts, baseball caps, and sneakers. Brands may create exclusivity through artificial scarcity; enthusiasts follow particular brands and try to obtain limited edition releases, including via proxy purchases.
Salomon SAS is a French sports equipment manufacturing company headquartered in Annecy, France. It was founded in 1947 by François Salomon in the heart of the French Alps and is a major brand in outdoor sports equipment. Salomon is owned by Finnish retail conglomerate Amer Sports, along with Wilson, Atomic, Precor, and Arc'teryx, among others.
Amazon Marketplace is an e-commerce platform owned and operated by Amazon that enables third-party sellers to sell new or used products directly to consumers on a fixed-price online marketplace alongside Amazon's regular offerings. Using Amazon Marketplace, third-party sellers gain access to Amazon's customer base, and Amazon expands the offerings on its site without having to invest in additional inventory.
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Sneaker collecting is the acquisition and trading of sneakers as a hobby. It is often manifested by the use and collection of shoes made for particular sports, particularly basketball and skateboarding. A person involved in sneaker collecting is sometimes called a sneakerhead.
Depop Limited is a social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. The company has an expanding global presence and has been popularized in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. It allows users to buy and sell items, which are mostly used and vintage pieces of clothing.
Tata CLiQ is an Indian e-commerce company based in Mumbai, India. It is owned by Tata Digital, under the Tata Group. Tata CLiQ operates in categories such as Fashion, Footwear, and Accessories. Tata Group's E-commerce platform, Tata CLiQ, also launched a premium and luxury fashion and lifestyle destination, Tata CLiQ Luxury, and it houses a wide range of apparel and accessories for men and women by luxury and bridge-to-luxury brands.
StockX is an online marketplace and clothing reseller, primarily of sneakers. Since November 2020, it has also opened up to electronic products such as game consoles, smartphones and computer hardware. The Detroit-based company was founded by Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman in 2015–2016. StockX has more than 800 employees in Downtown Detroit. StockX currently has international offices in London, UK, in Eindhoven, the Netherlands, and has authentication facilities in Detroit's Corktown neighborhood, Moonachie, NJ, and Tempe, AZ. Scott Cutler and Schwartz serve as chief executive officer and chief operating officer, respectively, and Deena Bahri became the company's first chief marketing officer in 2019.
Joshua Eliot "Josh" Luber is an American entrepreneur and sneaker collector who co-founded StockX, the stock market for things. Luber worked for IBM when he founded Campless, a "sneakerhead data" company that tracked the secondary market for sneaker sales. Campless then morphed into StockX, which is an online marketplace for high-end product resale.
Rebag is a New York-based retail platform, established in 2014, that operates both online and through brick-and-mortar stores. It specializes in the buying, trading, and selling of luxury handbags, accessories, watches, fine jewelry, shoes, and select apparel.
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Benjamin Kapelushnik, also known as Benjamin Kickz or the Sneaker Don, is an American entrepreneur and sneaker reseller. At 16-years-old, Kapelushnik amassed nearly US$1 million in sales through his self-made sneaker business and attracted high-profile clients such as DJ Khaled and Odell Beckham Jr. In 2016, Kapelushnik was included in Fortune's "18 Under 18" list and The Guardian's "teen power list."
KYX, previously known as KYX World, is an e-commerce platform known for facilitating the rental and purchase of aftermarket and limited-release sneakers to end consumers. KYX was co-founded by entrepreneurs Brian Mupo and Steve Dorfman who launched the company in June 2021. The for-profit LLC is headquartered in Los Angeles, California. In January 2023, the company decided to end the offering of their subscription rental service, announcing so by publishing on their website's homepage.
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GOAT Group is a holding company that operates e-commerce platforms for sneakers, apparel, and accessories. Formed in 2018, it operates the online marketplaces GOAT, Flight Club, alias, and Grailed.
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