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 platform 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]
Air Jordan is a line of basketball shoes produced by Nike, Inc. Related apparel and accessories are marketed under Jordan Brand.
Ticket resale is the act of reselling tickets for admission to events. Tickets are bought from licensed sellers and then sold for a price determined by the individual or company in possession of the tickets. Tickets sold through secondary sources may be sold for less or more than their face value depending on demand, which tends to vary as the event date approaches. When the supply of tickets for a given event available through authorized ticket sellers is depleted, the event is considered "sold out," generally increasing the market value for any tickets on offer through secondary sellers. Ticket resale is common in both sporting and musical events.
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.
Arc'teryx is a Canadian apparel company specializing in outdoor apparel and equipment headquartered in North Vancouver, British Columbia. It focuses on technical apparel for mountaineering and Alpine sports, including related accessories. The company's name and logo reference the Archaeopteryx, the transitional fossil of early dinosaurs to modern dinosaurs (birds). Arc'teryx is known for its waterproof Gore-Tex shell jackets, knitwear, and down parkas.
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.
Adidas Originals is a brand of a line of casual and sportswear created by German multinational corporation Adidas. It consists of a heritage line, specializing in athletic shoes, t-shirts, jackets, bags, sunglasses and other accessories.
Allen "A. J." Steigman is an American entrepreneur, chess player, and former investment banker. Steigman is currently CEO of Steignet.com.
Jonathan Koon is a Chinese American entrepreneur, artist, and fashion designer who became a self-made millionaire at the age of 16.
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.
Chrome Hearts is a luxury brand from Hollywood, founded in 1988 by Richard Stark, Leonard Kamhout and John Bowman. It is currently co-owned by Richard Stark and his wife Laurie Lynn Stark. Its logo contains a cross with the brand name around it on a circular ribbon. The brand produces silver, gold, and diamond accessories, alongside eyewear, leather items, apparel, furniture, kitchenware, and random objects. They are known for using leather, silver, and ebony. The production site covers three blocks in the middle of Hollywood and consists of multiple buildings and factories around the world. Production is mainly done in-house at the big production site in Hollywood. As of 2021, they have 1000 staff at their Los Angeles production site. Although not officially disclosed by Chrome Hearts, the brand is estimated to be worth around $1 billion.
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.
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.
Stadium Goods is a retailer specialised in the resale of aftermarket sneakers. Based in New York City, it operates a shop and a drop-off center in SoHo, Manhattan as well as an online store. The store sells sneakers and streetwear, including rare and limited edition sneakers.
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."
Cactus Plant Flea Market is an American design and fashion brand, known for depictions of faces with four eyes. Established by designer Cynthia Lu in 2015, it has collaborated with Nike, Kid Cudi, and created toys for an adult-version of the McDonald's Happy Meal in 2022. Cynthia Lu started the brand inside of her apartment in Brooklyn, NY. Lu initially developed concepts for the brand in 2012, when she began a job with the P.R office of the apparel company "Billionaire Girls Club", which is owned by Pharrell Williams. The name of the brand could be a nod towards her nickname, which is Cactus or Plant.
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 platform GOAT, Flight Club, alias, and Grailed.
Poizon, also known as Dewu, is an online shopping platform founded in 2015. It is headquartered in Shanghai.