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Yes, it's true: every professional power lady, flotus, former flotus, or royal owns sneakers. The brands they wear also happen to be quite affordable. In fact, not a single pair here rings in over 200. Read on to see the impressive collections that have wowed us through the years, then shop the cool kicks all the business babes seem to favor — perhaps even more than their black pumps).
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Goat, lu says, is not interested in selling crap. Instead, they want to pair the two parts of the sneaker sale picture to change what a retail experience. This move also swerves goat in a different direction than Stockx, which has plunged into horizontal diversification of product to watches, handbags and clothing. The sneaker and streetwear retail sector is exciting as hell right now, to be honest. There are a bunch of young entrepreneurs really taking stabs at figuring out what boutique retail looks like when its nomadic and digitally driven. Stockx, goat, flight Club, Stadium goods, kith, Grailed.
Not all of them will figure it out completely but its fun to watch. Update: Added international sales figures from StockX. Here's the thing about some of the most sophisticated, stylish working women in the world who we look to for inspiration: they dress sensibly for casual events. Even when they're tending to their duties (think kate middleton making an appearance at a sporting event. Victoria beckham paying a visit to her showroom during a busy. Fashion week they appear polished. But, usually, they cap off their looks with a functional shoe.
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Under retail sales, for instance, now comprise 20 of sales on goat. This points to a hunger for people to buy what a sneaker head would consider regular shoes. Not that rare, but still high quality and stylish and purchased from a seller that is built business for shoes from the ground. That, says lu, is how goat will play its hand. Amazon and the other big shoe stores like foot Locker. When you go to foot Locker, there are 300 skus on the wall and most sneakerheads dont want any of them, he points out. Instead they want something specific and desired. Between goat and Flight Club, they can carry thousands of skus with data behind them that prove out desire.
the big hubs of activity, but none of them have critical mass. And then, god forbid, theres ebay, which is littered with fakes and scammers. So there is opportunity. The blend, lu tells me, will result in the goat and Flight Club brands existing concurrently. Neither is going away, though goats tech stack will be used to facilitate Flight Clubs online sales business. Flight Clubs warehousing and international expertise will be leveraged on the retail side of the business. Lu says that the overall goal isnt just to create a reseller supergroup of sorts but to plan out the complete metamorphose of the way that people buy shoes.
Rimer and Flight Club founder Damany weir will also join goats board as paper part of the deal. Flight Club has never taken outside money. Aligning with goats world-class technology and mobile listings platform is the logical evolution of our business, said weir in a statement. The complementary strengths of the two companies puts us in the best position to go after the entire market rather than compete for pieces. I spoke to goat co-founder and ceo eddy lu about the deal yesterday, and he says that one of the biggest drivers is the international side of the business. Goat operates stateside and nowhere else. Flight Club, on the other hand, does big international business and Index (and Rimer) are known for their experience investing in international retail businesses. Anecdotally, i can tell you that I have canadian friends who are constantly frustrated that goat doesnt yet support Americas Hat. And Im in sneaker groups largely populated by French and German sneakerheads that use drop shipping and proxy local addresses to do business on the platform.
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Sneaker marketplace goat is merging with, flight Club, essentially the first name in after market sneaker retail. Its also raising a 60M series C led by danny rimer at Index with previous investors Accel, matrix, Upfront and Webb Investment Network participating. The raise is significant, putting the total just shy of 98M raised, but its the merger with Flight Club that will cause this news to go racing around the hype factory press today. For 12 years, Flight Clubs retail and online businesses have been essentially synonymous with the aftermarket sneaker scene. They have the hottest shoes, they charge a stiff but not outrageous price for them revelation and youre guaranteed to get legit goods. Goat has been busy carving out a similar space focused on the app and online portals rather than retail. Now, theyll be mashed together, creating a hopefully symbiotic relationship that pairs retail and online.