THE SNEAKER MARKET JUST COLLAPSED – AND NOBODY KNOWS WHY
A sneaker shop owner says the entire market “died overnight.” And the numbers are insane:
• Shoes that were $500–$600 now won’t move at $300
• Jordan 1s sitting for $90
• Dunks and GRs gathering dust
• Even HEAT priced under retail isn’t selling
• Yeezys – once the safest resale shoe on earth – are tanking everywhere
He straight-up asks:
“Does anyone wanna explain why shoes are literally just dying right now?”
And the weirdest part?
Nobody’s selling OR buying – the whole ecosystem is frozen.
Something broke but nobody can agree on what.
What REALLY killed the sneaker market – the economy, the hype dying… or is the whole resale game finally collapsing?
🚨 THE SNEAKER MARKET JUST COLLAPSED – AND NOBODY KNOWS WHY
A sneaker shop owner says the entire market “died overnight.” And the numbers are insane:
• Shoes that were $500–$600 now won’t move at $300
• Jordan 1s sitting for $90
• Dunks and GRs gathering dust
• Even HEAT… pic.twitter.com/8sUlRzqqZ7— HustleBitch (@HustleBitch_) November 28, 2025
Nov 25 (Reuters) – Dick’s Sporting Goods (DKS.N), opens new tab on Tuesday missed estimates for third-quarter profit and warned of up to $750 million in charges tied to a sweeping review of its recently acquired Foot Locker business that includes store closures and inventory cleanup.
Shares of the company fell nearly 3% in early trading. The footwear retailer also forecast a sharp drop in quarterly gross margin at Foot Locker.
GOAT is shutting down multiple international authentication and fulfillment facilities and returning inventory to sellers. That directly cuts the market’s plumbing. Less platform capacity means slower sales, higher friction, fewer buyers seeing listings, and ultimately lower prices because supply that once flowed into global resale channels can no longer be cleared efficiently.
https://www.complex.com/sneakers/a/victor-deng/goat-shuts-down-several-overseas-facilities