{"id":18773,"date":"2022-10-14T07:29:23","date_gmt":"2022-10-14T07:29:23","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=18773"},"modified":"2022-10-20T08:38:26","modified_gmt":"2022-10-20T08:38:26","slug":"how-sneakerheads-are-leaving-lasting-footprint-in-luxury-market","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2022\/10\/14\/how-sneakerheads-are-leaving-lasting-footprint-in-luxury-market\/","title":{"rendered":"How ‘sneakerheads’ are leaving lasting footprint in luxury market"},"content":{"rendered":"


\nThe global sneaker market is booming. It is forecast to be worth<\/span> $120 billion by 2026<\/span>, up from $79 billion in 2020, helping f<\/span>ootwear to become the <\/span>biggest-selling category<\/span> in the online luxury market today.<\/span><\/p>\n

And ‘sneakerheads’, or trainer collectors, are largely to thank.<\/span><\/p>\n

Sneakerheads sell limited-edition shoes and trainers online. Such is their success, they have opened numerous pop-up<\/span> premium sneaker stores around the world.<\/span><\/p>\n

According to footwear retailers, it is youngsters who determine the direction of ‘sneaker culture’, creating an ever-evolving market.<\/span><\/p>\n

Susie Kuhn, the Europe, Middle East, and Africa President of Foot Locker, said big retailers are tracking changing tastes and trends to ensure <\/span>young people stay engaged.<\/span><\/p>\n

\u201cSneaker culture is evolving every single day because kids decide where sneaker culture is going to go. So we\u2019re constantly looking at expansion, growth and connection through whatever is happening within that sneaker culture ecosystem, and there is a lot going on right now,\u201d she said, according to a report in euronews.next<\/em>.<\/span><\/p>\n

Premium sneaker store Presentedby \u201crepresents a refined regeneration of sneaker and streetwear culture\u201d in a world where \u201cstreetwear is a new luxury\u201d.<\/span><\/p>\n

It has branches in London, Paris, Dubai, Doha and Riyadh.<\/span><\/p>\n

At the <\/span>Doha branch,<\/span> a pair of sneakers could cost between $2,000 to $50,000, with exclusive pairs, like the highly-valued Dior Air Jordans, fetching even more.<\/span><\/p>\n

Presentedby CEO Ridwane Ettoubi said making money in sneakers involves certain skills.<\/span><\/p>\n

\u201cYou have to be able to select the right product at the right time and know how long to hold onto it for. Now, some pieces over a period of five years have gone up by 1,000%.<\/span><\/p>\n

\u201cJust like in stocks and shares, these items fluctuate in price,\u201d he said.<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The global sneaker market is booming. It’s forecast to be worth $120 billion by 2026, up from $79 billion in 2020, helping footwear to become the biggest-selling category in the online luxury market today.<\/p>\n","protected":false},"author":41,"featured_media":18774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3927],"tags":[2104,3552,3499],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/18773"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=18773"}],"version-history":[{"count":6,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/18773\/revisions"}],"predecessor-version":[{"id":18845,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/18773\/revisions\/18845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/18774"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=18773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=18773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=18773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}