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VF Corp to Add Supreme to its List of Subsidiaries

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VF has several subsidiaries including Vans, The North Face, The Timberland Company, Dickies, Eastpak and JanSport. 

The parent company has added the famous streetwear brand Supreme to their list. For a whooping 2.1 billion USD, fashion designer and businessman, James Jebbia sold the cloth brand and skateboarding shop to the corporation.

The  VF corporation says they would add 300 million dollars to the buying price after fully closing the deal. The Supreme company was valued to have a net worth of one billion dollars.

Over the years, Supreme has come by a lot of fans and customers making quick sales within minutes.

Also Read:   Supreme x VF Corp Deal: What Does it Means For Supreme

The new VF corporation subsidiary has over the years partnered with a lot of other major brands like Louis Vuitton, Nike and fellow subsidiaries like The North Face.

Just a few weeks ago, supreme was rumoured to collaborate with Nike to re-release their 2003 collection. 

More than sixty percent of Supreme’s revenue came from online orders even before the coronavirus pandemic. Their E-commerce website has gained more income for them now that people are at home and doing more online shopping, due to the pandemic.

Also Read:   Supreme x VF Corp Deal: What Does it Means For Supreme

The acquisition is set to take place at the end of VF Corp’s fiscal year just this 2020. Supreme also confirmed that it will still be independent of the parent corporation.

A lot of their fans want them to remain as they were saying they like the brand as it is and would not want its alteration. 

Would you mind if VF corporation altered Supreme’s authenticity?

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8 Best Stores to Resell Sneakers in 2020

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SNEAKERS

There are so many ways of reselling sneakers, and profit is what comes to mind whenever one thinks of reselling a product.

Sneakers reselling really needs to be revived. This means that the sellers should bring to the table, new types of sneakers and reduce the selling prices for the expensive ones. Possessing reseller skills and tips come in handy.

Just like any other product, you can move around selling sneakers to the people you know, make a sale on apps and ecommerce websites that are best for sneakers resale, or even sell them in consignment stores. 

There is so much to put into consideration when reselling kicks. The time and method of payment, the  duration of selling, charged fees etc. Here are some store suggestions.

1. eBay 

It is an online platform but also has 58 office locations with its headquarters located in San Jose.

In the process of selling, one should ensure they have an eBay account, after which they log in to it and make a sneakers’ listing. One will be asked to add a method of paying the fees. 

Buyers can pay when picking up the sneakers or using PayPal, Credit or Debit cards.

Also Read:   Supreme x VF Corp Deal: What Does it Means For Supreme

After an item has sold, you pay 10% of the selling price to eBay, including the postage.

If buyers don’t turn up, you can re-list the sneakers, though eBay will not refund your money.

It takes 1-5days to sell on eBay.

 2. Instagram & Twitter

Resell Sneakers

Although the two apps are good for growing your sneaker business, Instagram is way ahead in its advantages. 

Instagram has a live and story section where you can advertise lots of sneaker pictures.

The pictures can be edited with filters for eye captivation. Twitter on the other hand has its own advantages as it makes you more sociable with  customers, and it can also make you go viral.

There are no fees on both apps, and you can use any payment methods of your choice.

 3. Goat

Goat has goods delivered to over 20million users across 164 countries. Resellers pay it a commission of 9.5%. Buyers go through listings prepared by sellers within 7-10 week days. 

In the US, payments are done using a MasterCard, a Visa, American Express, JCB and Discover

Affirm and Afterpay, also allow you to purchase goods and make payments later (only in the US). Its shipping fee is 40 USD and a buyer has three days to request for a return.

Also Read:   Supreme x VF Corp Deal: What Does it Means For Supreme

 4. Stock X

Its headquarters is located in Detroit, Michigan, in the United States. A seller’s level increases once the sales they make increases.

Stock X has a 3% payment processing fee and takes 9-12 business days excluding holidays and weekends.

Payment can be made by PayPal, Google Pay, Apple Pay or credit cards like Visa, American Express and MasterCard.

Unfortunately returns and exchanges are not allowed.

5.  Stadium Goods

It operates online but also has a store in Soho, New York City. It takes 4-7 business days to process an order. 

A processing payment fee of 3% is made on the final selling price, and this is dependent on your seller level.

The methods of paying include; PayPal, credit cards and Amazon Payments. 

Buyers are advised to place the sneakers in its original box of delivery in case of returns.

Also Read:   Supreme x VF Corp Deal: What Does it Means For Supreme

6. Grailed

Grailed has one office in New York, and an ecommerce website with contact information. 

Once a seller accepts the offer made by the buyer, payment can be made through PayPal.

For the item sold, Grailed charges a 6% commission and sales take place for up to 14 days. 

A buyer has up to 5 days to process refunds, and if the tracking information is confirmed, there is a cash refund within 3 days.

 7. Flight Club

It has been operational for over fifteen years with locations in Miami, Los Angeles and New York.

For home addresses, it may take 5-10days to get an order, but 7-14 days for international orders.

A 9.5 percent commission is charged for each sale. Flight Club pays to your online or bank account, or you can physically collect payment in their offices.

Returns and exchanges are however not permitted.

8. Round Two Store

It is a collaboration of Round Two and Sol Kendamas, where they sell second hand sneakers. 

Its offices are located in Miami  Los Angeles and New York. Trade is done online and cash is paid instantly on the spot. There are no fees for selling.

Bottom Line

Other places for reselling include Crepe City, Kick Game, Sole Exchange and many more. There are endless collections of sneakers in the market and we hope that this article has helped you decide on your shoe reselling options.

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Supreme x VF Corp Deal: What Does it Means For Supreme

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After Supreme became a subsidiary of VF Corp, there has been a heated debate online on whether the deal was a hit or a miss for the brand.

James Jebbia, the founder of the Supreme brand, said in a statement that Supreme is very proud to have joined the corporation as it houses companies they worked with before like Vans, Timberland and others.

People have mixed reactions on whether the brand made a good or bad decision. Here are a few sentiments. 

@Ericwhiteback is a page on Instagram that is strictly dedicated to Supreme content. The page recently posted a picture of a headstone inscribed with the words Supreme and years 1997-2020. 

The caption gave a lengthy explanation why the owner of the page thinks Supreme’s deal with VF Corporation was a big mistake for the company . 

Also Read:   Supreme x VF Corp Deal: What Does it Means For Supreme

He wrote that a lot of bad decisions got the company there in the first place and that he will drop the title ‘the Supreme Guy‘ but will still post stuff about Supreme.

A Supreme graphic designer says the deal is great as the Supreme streetwear brand can navigate and mingle with the corporate world, giving them an even wider experience. 

Susan Scafidi, FFLI founder, thinks that the two companies will benefit from the deal greatly.

 She highlights that they are familiar with each other’s cultures and that they have previously had a great history of successful collaborations. 

Susan feels Supreme is aware of the negative effects of the deal and that they are quite prepared to fight against any downfall they may face. 

Giving an example of the Birkin bags waiting list, she advices Supreme to follow suit and make some products scanty while expanding on other designs. 

Also Read:   Supreme x VF Corp Deal: What Does it Means For Supreme

Supreme has worked with other companies like Louis Vuitton, but this is different for them. Jebbia sold 100% of the brand to VF and although the corporation says he will still have control, fans like Eric are not convinced. 

There are many unanswered questions like whether production will increase, if the prices will be affected among others.

Augie Galan, an original designer of the brand, reminisces working on their first collaboration with the VF subsidiary The North face.

 Augie says the decision to sell was a wise one for Supreme, since VF Corp has a remarkable reputation when it comes to working with other companies. 

Galan added saying that the corporation allows their subsidiaries to work independently making their deals practicable. 

Taking Vans as an illustration, the company sold to VF for 396 million USD, and grew its revenue from 750-1.7 billion US dollars in less than 7 years.

Also Read:   Supreme x VF Corp Deal: What Does it Means For Supreme

In the process, Vans originality was maintained and VF Corp only worked on the marketing strategy of the product. They discovered a target audience for the collection and made great sales because of it.

If they work with Supreme using the same strategy, they will definitely hit their 8% to10% sale increase target.

In summary, what one can collect from the suggestions and comments gathered, is that with a great strategy, affordability and a target audience,  the streetwear brand can maintain or higher its sales. 

As we wait to see what the deal means for Supreme, VF Corp and their fans, talk to us and let us know 

how you think Supreme will end up. We love hearing from you.

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Air Jordan XI Celebrate 25th Anniversary With New Releases

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Air jordans
(Images via Nike)

To celebrate its twenty fifth anniversary, Nike is releasing two new sneaker designs that got inspiration from the early Air Jordan 11’s. The Air Jordan XI jubilee and the Adapt.

The AJ 11 Jubilee collection includes in its design, a silvery jumpman logo, and a twenty five is written on the insole to mark their anniversary, this being their 25th year. 

The collection also has an upper made of leather and a black shiny finish, a white sole and Jordan and the jumpman stitched on top of its tongue.

It is retailed at a price of 220 US dollars and is set to be released on the 12th of December. 

Also Read:   Supreme x VF Corp Deal: What Does it Means For Supreme

The Air Jordan 11 Adapt, just like the Adapt Auto Max, uses technology inspired features. It is interesting as one can loosen or fasten the kicks with an App! You heard it right. You can also do this the analog style by pressing buttons placed on the shoe’s mid foot.

Since the kicks can also be charged, thin cords that adapt to the shoe’s technological features, replaced the original string laces.

 A translucent layer covering the lace strips also falls under the few adjustments that were made to the previous silhouette design. Just like the Jubilee collection, the Adapt has a jumpman logo to finish the look.

Also Read:   Supreme x VF Corp Deal: What Does it Means For Supreme

You can purchase them at KicksOnFire shop or via their ecommerce website.

When he first returned from retirement back in the 90’s, the Jumpman a.k.a Michael Jordan launched the first Air Jordan 11’s.

 Nike through this year’s anniversary, is celebrating their partnership with the iconic star and of course the existence of the amazing kicks.

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Adidas, Marvel and PS5 Unveil Miles Morales X Adidas Superstar

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Miles Morales is a fictional comic superhero that was published by Marvel Comics and gamers get to play as him in the new PS5.

Set to be released this week, the play station 5 has teamed up with Adidas and Marvel to release a new colouration for the Adidas Superstar.

To advertise it, the fictional Miles Morales, rocks the kicks and it perfectly matches his spider-man outfit.

 The shoe has a black toe cap, three black stripes running parallel to each other on top of the red colored upper and a black sole. 

Coming in both low top and high top forms, the Miles Morales×Adidas superstar collection, will be released to its North American fans on the 19th of this month and European fans on the  4th of December.

Also Read:   Supreme x VF Corp Deal: What Does it Means For Supreme

Adidas has in the recent past, partnered with a lot of big names including the If I Were A Boy singer, to release Beyonce ×Adidas superstar platform collab, among other collections. 

With its amazing look, the shoe might sell quite fast. Be sure to get yourself a pair once they are available and rate the kicks for us while you’re at it.

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Lil Peep’s Estate Releases ‘Rockstar’ Clothing Collection

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Lil Peep
Instagram/@lilpeep

After releasing the mixtape, “Hellboy” on all major streaming platforms along with a merch capsule, Lil Peep‘s estate returns with a new clothes  collection named “Rockstar.” A unisex compilation comprising of three styles; a pair of flared pants, a work jacket, and a crossbody bag, all of which are made out of high-quality vegan leather and custom hardware.

The collection is limited to just 50 pieces per style and comprises three colorways that pay homage to Lil Peep’s signature hair colors, which include the bubblegum pink or Peep pink, neon green, and black colorways.

Each aspect of the Rockstar collection was created from scratch by the Los Angeles-based design and development company Firmé Atelier in Japan, where the leather was custom dyed. The line features the Lil Peep script logo inscribed on the zipper pulls.

Also Read:   Supreme x VF Corp Deal: What Does it Means For Supreme

The late rapper’s collection is available for purchase on his website from November 1, with prices ranging from  $150 and $300.

 “Lil Peep had an extremely profound impact both on his fans and the culture around him,” Peep’s brother, Oskar Ahr said, “I regularly notice his influence on the music of other artists, and fans frequently tell me that my brother’s music saved their life. He saved my life just by being in it, so I can relate.

Lil Peep, legally known as Gustav Elijah Åhr, released his first mixtape, the “Lil Peep Part One,” in 2015, which he quickly followed up with “Feelz,” and another mixtape live forever. Lil Peep went from a Soundcloud rapper to one of the most contagious figures in music in just a year. Releasing two more mixtapes, “Crybaby” and “Hellboy,” which would earn him his big break.

Also Read:   Supreme x VF Corp Deal: What Does it Means For Supreme

In November 2017, Lil Peep was found dead in his tour bus from an accidental xanax overdose. Despite his short career, which only spans the course of three years, Peep left a lasting cultural impact on his fans who remain devoted years after his death. The young rapper’s untimely demise sent a ripple through the music community. 

Peep’s fanbase and popularity expanded following his death earning him his first entry on the Billboard Hot 100 for the single “Awful Things.”

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