Stadium Goods

Stadium Goods is a consignment retail company,operating online and in a physical location in SoHo, Manhattan.[1][2] The stores key products are sneakers and streetwear, including rare and limited edition sneakers.[3]

Stadium Goods
Type of businessSubsidiary
Founded2015
HeadquartersNew York City, United States
Key people
IndustryRetail
ParentFarfetch
URLwww.stadiumgoods.com

History

Stadium Goods was founded in 2015 by John McPheters and Jed Stiller, who share the role of CEO.[4][5] In August 2016, Stadium Goods entered the Chinese market through partnership with Alibaba's Tmall, a platform for businesses to sell brand name goods to consumers based in China.[6] In November 2017, during the Single's Day promotion on Alibaba, Stadium Goods reached $3m in sales during a 24-hour period.[3]

In 2018 Stadium Goods received backing from LVMH Luxury Ventures, and in January 2019 it was acquired by the London-based online retail company Farfetch for $250m.[2][7]

In 2018, McPheters and Stiller were selected for the Business of Fashion 500 list, the WWD 40 of Tomorrow, and the Footwear News Power 150.[8][9][10]

In December 2019 plans were announced for a second Stadium Goods store in the U.S., located in Chicago.[11][12] The store is due to open in the second quarter of 2020.[13][14]

Events and pop-ups

Stadium Goods hosted a pop-up shop at its SoHo location with a meet-and-greet event with DJ Khaled in April 2016.[15] In May 2019, Stadium Goods collaborated with the luxury boutique retailer Browns (also owned by Farfetch) to set up a pop-up store in London.[16][17]

In July the same year, during the Fortnite World Cup, the esports group FaZe Clan hosted a pop-up shop at Stadium Goods.[18] Also in July 2019, Stadium Goods partnered with Sotheby's to organize an online auction of 100 pairs of rare, collectible sneakers.[19][20] Canadian investor Miles Nadal purchased 99 out of the 100 pairs in the collection, with a winning bid of $850,000.[21] The remaining pair, the original sample model of the 1972 Nike Inc. Moon Shoe, was sold for $437,500 - becoming the most expensive pair of sneakers ever sold at an auction.[22][23] Only a dozen pairs of these sneakers have been made, and the one auctioned by Stadium Goods and Sotheby's is the only known unworn pair in existence.[23]

In October 2019, Stadium Goods opened a pop-up store at Fred Segal in West Hollywood for a period of three months.[24] The store included capsule collections, immersive experiences, and installations.[25]

A number of episodes of the show Sneaker Shopping by Complex magazine have been shot at Stadium Goods' SoHo store, including ones starring Will Smith[26], Tony Hawk[27], Billie Eilish[28], Chris Rock[29], and Roger Federer.[30]

gollark: ++delete the dog
gollark: A vaguely convincing argument I heard about the humans-liking-punishment thing is that it effectively works as a species-wide precommitment to punish people for doing bad things, which discourages people from doing those bad things in advance.
gollark: I mean, the only real arguments I can see for it:- humans just like punishing people if they do bad things (for evolutionary psychology reasons?)- a deterrent, but that only works if... people actually believe it as a serious threat
gollark: Also, it's pretty pointless.
gollark: ...

References
  1. Bacelar, Liz (2019-09-19). "Stadium Goods: Riding the sneaker culture boom". Current Daily. Retrieved 2020-02-19.
  2. "Farfetch bets on sneakers with $250M Stadium Goods acquisition". TechCrunch. Retrieved 2020-02-19.
  3. Shapiro, Bee (2018-05-12). "How Much Is That Sneaker in the Window?". The New York Times. ISSN 0362-4331. Retrieved 2020-02-19.
  4. "Stadium Goods co-CEO John McPheters's big idea is still all about sneakers". finance.yahoo.com. Retrieved 2020-02-19.
  5. Wolf, Cam. "Why a Massive Luxury Retailer Is Betting Big on Sneakers". GQ. Retrieved 2020-02-19.
  6. "WWD Apparel and Retail CEO Summit 2019 Takeaways China". Jing Daily. 2019-11-01. Retrieved 2020-02-19.
  7. "How Stadium Goods is preparing for physical retail expansion". Glossy. 2019-10-15. Retrieved 2020-02-19.
  8. "John McPheters & Jed Stiller is part of the BoF 500". The Business of Fashion. Retrieved 2020-02-19.
  9. Hughes, Aria; Hughes, Aria (2018-11-29). "40 of Tomorrow: Jed Stiller and John McPheters of Stadium Goods". WWD. Retrieved 2020-02-19.
  10. Staff, F. N.; Staff, F. N. (2018-10-30). "Footwear News Power List: The Nordstroms, Virgil Abloh, Helena Foulkes + 147 More Big Names". Footwear News. Retrieved 2020-02-19.
  11. "Stadium Goods Announces Second Location Opening in Chicago". Sole Collector. Retrieved 2020-02-19.
  12. Anyanwu, Obi; Anyanwu, Obi (2019-12-03). "Stadium Goods to Open Second Store in Chicago". WWD. Retrieved 2020-02-19.
  13. "Streetwear E-Commerce Startup Stadium Goods Is Opening a Store in Chicago". Built In Chicago. Retrieved 2020-02-19.
  14. Grant, Shawn (December 6, 2019). "Stadium Goods Announces Expansion to Chicago". thesource.com. Retrieved 2020-02-19.
  15. Verry, Peter; Verry, Peter (2016-04-19). "Thousands Flock To Stadium Goods To Meet DJ Khaled". Footwear News. Retrieved 2020-02-19.
  16. Fenner, Justin; Fenner, Justin (2019-05-15). "New York Sneaker Mecca Stadium Goods Is Bringing its Coolest Products to London". Robb Report. Retrieved 2020-02-19.
  17. "Stadium Goods Sets Sights on London With Browns Pop-Up". The Business of Fashion. 2019-05-10. Retrieved 2020-02-19.
  18. EDT, Steven Asarch On 8/1/19 at 4:25 PM (2019-08-01). "CEO of FaZe's thoughts on his organization, gaming and Tfue". Newsweek. Retrieved 2020-02-19.
  19. Binkley, Christina (2020-01-23). "Sneakerheads Are the Targets of a New Million-Dollar Category for Auction Houses. Can a Shoe Be a Work of Art?". ARTnews.com. Retrieved 2020-02-19.
  20. Witte, Rae. "Sotheby's Partners With Stadium Goods To Auction Off 100 Of The Rarest Sneakers Ever". Forbes. Retrieved 2020-02-19.
  21. Kstone999. "Sotheby's Sold Rare Sneaker Collection for $850,000 USD (UPDATE)". HYPEBEAST. Retrieved 2020-02-19.
  22. Frank, Robert (2019-07-23). "Nike 'Waffle Shoe' sells for $475,500, becoming the most expensive sneakers ever auctioned". CNBC. Retrieved 2020-02-19.
  23. Kstone999 (2019-07-23). "Nike Moon Shoe Sells For $437,500 At Sotheby's Stadium Goods". Sneaker News. Retrieved 2020-02-19.
  24. Anyanwu, Obi; Anyanwu, Obi (2019-10-15). "Stadium Goods to Open Pop-up at Fred Segal". WWD. Retrieved 2020-02-19.
  25. "Stadium Goods Opens Sneaker & Streetwear Pop-Up Inside Fred Segal". HYPEBEAST. Retrieved 2020-02-19.
  26. "Watch Will Smith & Martin Lawrence Go 'Sneaker Shopping'". Highsnobiety. 2020-01-13. Retrieved 2020-02-19.
  27. "Tony Hawk Goes Sneaker Shopping With Complex | Sneaker Shopping". Complex. Retrieved 2020-02-19.
  28. "Billie Eilish Says Riff Raff Made Her Want Air Jordans". Sole Collector. Retrieved 2020-02-19.
  29. "Chris Rock Sneaker Shopping Complex | SneakerNews.com". Sneaker News. 2017-05-15. Retrieved 2020-02-19.
  30. "Roger Federer Goes "Sneaker Shopping" At Stadium Goods In NYC". HotNewHipHop. Retrieved 2020-02-19.
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