The Shrinking Business of Sneakers (youtube.com)
Nike and Adidas became flippable (hundreds for thousands of $) collectibles.
Revenue is a lagging indicator, though.
$400-500 was the price for some sneakers, now $200 or $250. Stimulus checks era meant some stores sold $640k a month. Now useless inventory. But some of these stores that just opened for this fad market are still doing well enough.
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Are exports the only source of growth? - Patrick Boyle
Fresh record for DOW, Aug 27.
Investor sentiment highest in 2 years.