#josh luber

[klossystories]

Karlie Kloss via Instagram Stories

[dippedanddripped]

StockX Co-Founder Josh Luber Exits Company

After transforming his sneaker price guide website Campless into the online marketplace five years ago.

Unexpectedly, StockX co-founder Josh Luber announced his exit from the company. Taking to Instagram, Luber posted a black version of the logo accompanied simply by the caption “thank you.”

Following reports, Luber confirmed speculation of his departure, which comes a year after he stepped down as CEO and introduced former eBay senior vice president of Americas to take over his position. Back in June 2019, StockX reached a $1 billion-plus valuation just as Luber was relinquishing his position as CEO.

Speaking to BOF, Josh Luber said, “It was always my intention from the day I started StockX that I would start another start-up—and then probably after that,” noting that his plan is already in “stealth mode.”

With the help of Cleveland Cavaliers owner Dan Gilbert, Chris Kaufman and Greg Schwartz, Luber turned his online sneaker price guide, Campless, into the massive marketplace now known as StockX five years ago. Read StockX’s official statement below.

StockX was founded more than four years ago by a group of visionaries with a commitment to disrupting e-commerce and addressing the changing needs of the consumer. Today, StockX announced that Josh Luber, the company’s co-founder, is leaving to pursue interests outside of the company. Since stepping away from the role in June 2019—when eBay and StubHub alum Scott Cutler took up the mantle as CEO—Josh has been focused on innovation within the business. It is through that process, that he found a renewed interest in returning to his entrepreneurial roots. Over the past year, Luber and Cutler, who was an early investor in and advisor to StockX, have worked together to ensure a seamless transition. While Josh will be missed, his vision for what StockX could be will remain an inspiration for the more than 800 team members working to drive the business forward every day

[klossystories]

Josh Luber via Instagram Stories

[rapwave]

NEW POST: Eminem, Wale & More Invest In Dan Gilbert's "StockX" Sneaker Market (http://www.rapwave.net/2017/02/18/eminem-wale-more-invest-in-dan-gilberts-stockx-sneaker-market/)

[hackingfinance]

Markets in everything.

[crepejunkie]

JOSH LUBER - THE SECRET SNEKER MARKET AND WHY IT MATTERS

Campless founder Josh Luber talks about Sneaker Reselling on TED Talk! #crepjunkie

https://embed-ssl.ted.com/talks/lang/en/josh_luber_the_secret_sneaker_market_and_why_it_matters.html First off if you haven’t used the Campless app yet, you should take time to explore this NASDAQ like creation which allows you to take the stock value of your collection which while sounding absurd at first actually becomes quiet addictive. The sites creator Josh Luber, a self confessed…

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New Post has been published on http://www.brianbrown.net/2014/10/17/nike-could-be-missing-out-on-a-billion-dollar-opportunity/

Nike Could Be Missing Out On A Billion-Dollar Opportunity

ReutersPre-owned Nike shoes can sell for thousands of dollars.

Nike’s strategy of selling sneakers in limited quantities has created a massive reselling market. 

The pre-owned sneaker market, which predominantly features Nike shoes, is now worth $1 billion, according to industry website Campless. 

“If you had $1 billion you could buy the Chicago Bulls, New Orleans Saints, or San Francisco Giants,” Campless founder and IBM consultant Josh Luber writes on his blog. “You could also buy every sneaker that was resold in the past twelve months.”

A growing culture of so-called sneakerheads buy collectible footwear on eBay, Craigslist, and other sites.

Luber questions whether Nike’s strategy of offering a limited number of sneakers that are sold for 10 times the original price is a missed opportunity. 

Reselling sneakers has become an economy with “buyers, sellers, brokers, market-makers and third-party valuation services,” Luber tells FiveThirtyEight. His company compiles data from millions of online auctions.

CamplessCampless illustrates how the sneaker reselling market has grown in recent years.

“By restricting the supply of its popular brands, Nike is tapping into another consumer desire: to have something no else has,” the website writes. 

But when it comes to reselling sneakers with hefty mark-ups, Nike lets others take the profits. 

“The average eBay price of the LeBron 10 What the MVP sneaker? $2,086,” writes FiveThirtyEight. “The Nike Air MAG Back to the Future? $5,718. How about the Air Yeezy 2 Red October, designed by Kanye West and released by Nike this year for $250 retail? It sold on eBay for an average price of $2,958, with almost two dozen people paying at least $8,000.” 

If Nike created a platform for reselling shoes, it could arguably make a lot of money. 

Despite the potential missed opportunity, Nike benefits greatly from the resell market through free exposure, footwear analyst Sam Poser at Sterne, Agee Leech tells FiveThirtyEight. 

“They understand the cool factor, and they know how to stay cool,” Poser says. “And if they don’t stay cool they know this business dries up, because this is fashion.”

Yahoo! FinanceNike’s shares have continued to rise in recent years.

Nike sold nearly $28 billion last year.

SEE ALSO:  The Right Men’s Shoes For Every Type Of Pants

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Nike Could Be Missing Out On A Billion-Dollar Opportunity

ReutersPre-ownet Nike shoes a'ken sell fer thousan's o'dollars. Nike’s strategy o'sellin sneekers n' limitid quantitees has creetid a massif' reselleeun' market.  T' pre-ownet sneek'r market, which predominantlee feetures Nike shoes, is noe wurth $1 billyun, accerdyun' ta industry website ...