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Yes I concur a millie %
fulton st Brooklyn was the worse, they used beating dudes over the head.
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Yes I concur a millie %
SON...Those Indian/Paki/Arab store owners on Fulton Ave in BK are THEE WORST. Come to find out, one of em drives down to Philly every Saturday with about 5-8 people (usually aged between 11-17, males and females...prolly the whole family) and BUYS UP ALL STOCK. I see this ****** and his family every saturday and I want to punch them all in the face. Luckily, Villa (one of his main targets) does tickets now so they came down for nothing for the recent releases (HGG 13) and I haven't seen them in a few weeks.
But it's like I said...that selling over box price is business as usual in pretty much EVERY mom and pop in NYC. I dont really bang with the Bronx, and Jamaica ave is just SOOO far on the train that I mostly just rock with Fulton mall (well used to, word got out and all the hot stuff that WAS there has been sold), but you would be foolish to think that Nike doesn't know what's going on...
Also, I dont think a lot of those Fulton Mall spots got Nike accounts, which changes everything...
Nike is not trying to upscale, they are trying to streamline their retail business and accounts. Some guy argued back and forth with me about 10 pages straight that nike was retailer freindly.
What Nike is about to do is change the business model and follow in the likes of Apple. You will be seeing more releases set for nike outlets and factory store like the KD V's. Nike is not interested in shipping shoes to a shop that is only getting 30-40 pairs. They are looking to fill orders from major retailers only or sell them direct. Nike is slowly realizing that with the current technology Brick and Motar is becoming less important and less cost effeicient, especially when they have their own retail stores to start with. Mom and Pops are just first to go, next regional chains, in which they will use the excuse that they can't compete because alot of stores get stuck with non retro items.
I need to go back and find the post where some guy called me stupid when I predicted this was about to happen middle, end of last year.
Add West NYC to this list. No royals released to public and purchased raffles necessary for yeezy 2. How can stores like this get collabs with nike and NB?THIS NEEDS TO GO ON IN NYC I KNOW ALOT OF STORES IN NYC LIKE THIS [/B
this store is the biggest cook in the sneaker retail business in ny state
this place is next to spicy action
both stores are cooks
one is just a little worse then the other
their are other stores all around the 5 boro's in nyc that do the same thing by over charging
im not talking about $10.00 or $20.00 ( in the early 2000's that was a big deal)
i talking $100.00 to $200.00 sometimes more
this place is a well known crooked local nyc chain store
there are 100's of other locations i could list
more crooks
all these places look at the online prices and follow them
if you ask why they chage so much the shop owners cry nike makes then buy all this other crap they cant sell or mark up
i can understand that but why take advantage so much
why all because of money
nike & these stores dont give a damn about the customer
nike's customers really are not the general public
its these scum bag retail locations
all the stores on fulton st in downtown bk
jamaican ave in queens
grand concourse in the bronx
all charge $100.00's over retail have been doing so for years
dont forget if these stores have true nike account's
a well known family has sneaker retail stores all over the 5 boro's of nyc doing the same thing
nike chargers them 53% of the box price that done not include shipping costs
i dont know how it is in any other state but if because of the price stores charge nike need to take a look at the nyc market
Just pay attention to the Bred XI's if they would have sold 80% of that stock in house they would have not only made more money but had better control over distribution, in terms of spreading them around and not having to stress production capacities for one model. Nike is about to have enough of whatever you want as soon as they cut alot of these accounts. The XX8's were the second model this strategy is being tested on. Watch a ton of them pop up at outlets!!!!this man could be right
makes sense
as long as their is more product (i hope) and at retail box price
i dont care if these mom and pop shops get cut out
i hope nike will check out nyc stores if your wrong
but what your saying sounds like something nike would do
i see what ur saying but without nike FTL would take a BIG hit. Only store that I can see surviving without a nike account would be kith, even WESTNYC would be ****** losing that nike account. If u r an urban sneaker store u need a nike account to make a living. Sad, but its the truth.As a Nike employee I have to state that my opinion is my own and doesn't reflect that off my employer.
That said, I don't want to really go in depth because I have several opinions but the defining point is as a business owner, you have to diversify your portfolio. If 80% of your sales are attributed to Nike then you clearly aren't hedging against the now realized worst case scenario of not having said product as a sales crutch.
Say what you will about the big box chains, despite being led by Nike they're still diverse in their catalog. Some Footactions even have a new adidas concept that gives HOH a serious run for its money from a visual perspective.
I don't think it's a good thing that stores have lost their accounts but I do believe you have to always be playing offense and I question their failsafe plans.
Took a week off from niketalk and i come back to see this.... Nike is making solid business moves to keep their shareholders. With the "sneaker game" becoming the new fashion statement across the world, they need to capitalize. last year I touched on this point. I'm sure it's not just shady business practices alone but I know for a fact Nike has had boutiques under the microscope, especially those with tier 0 accounts. Here in houston a local rapper got the yeezy 2's early posted a shout-out to the Boutique he got them from, they almost lost their account. Also their is the same guy who has a full size run of EVERY release on craigslist.... and based on his inventory he is being supplied by one of these boutiques. Greed is never good... and this comes as a result of these small shops abusing their accounts and in turn bam...yanked but it's not just this.Thanks for the insight from Philly AP. And more detailed info about NYC spots 160. Always interesting to hear first hand accounts and information.
Nike is definitely about themselves number 1, but whether its a move to put their products in spots that can correctly market it or to streamline business (both ideas I think are behind this), I think Nike does have an obligation to some of these longstanding stores in less affluent areas that really put their shoes at the forefront of the industry.
Zoom air bags and light materials will still only sell so many shoes, and at $180-$235 a pop there's a cap on what people will buy just to run into the ground on a court. These shoes are strictly fashion for a huge portion of their customers, and some of these shops and the neighborhoods they are in are what gave Nike the image they have now. And now that they've run their course in Nike's business plan, they want to pull their shoes out of shops in these areas. These shops and areas used to be what sold a lot of these items and made these items the most popular. But now that every Tom, Harry, Jamal, Aziz, Chang, Juan, and Dirk in the world are all customers buying every release, maybe Nike doesn't feel like they need that "hood" presence. Maybe we'll see a store like Mercer in every large city as Nike's attempt to not completely commercialize their product into shipping malls, although that failed at that store lol. Definitely some good stuff in here.
That's kind of what I thought. They can keep those pairs for either their online inventory and eventual restocks down the line or they can direct them to Niketowns for release day. I though it was an option for them to up their direct sales volume while also not cutting into FTL/FNL and other large accounts inventories. Keep the big accounts happy and still get that guaranteed money upfront, increased direct sales margins, and still have more pairs available to their customers that shop at Nike owned options that just sell out of these releases all of the time at almost any realistic volume ($$$). That could be a few thousand less people on their twitter feed cussing them out every Saturday morning too hahaha....
Oh yes I am in 100% agreement with you as well. Some younger guys may not get this...but no longer are the "minority areas" nike's key demographic. They have realized these areas are giving them the most of the bad publicity and also areas where mom and pops are more likely to charge rape prices since people are more willing to pay them whether it be drug money, government checks, etc. I am anxious to see how this takes form when they make all of the account cuts...across the board. I don't deal with any mom and pops here in H-town they are seriously all about money and unless u are dropping an extra bill or 2 per shoe...they r like screw u so this will shut a lot of guys down. They are usually know to be spots for the local celebrities to score kicks. I hope they were saving all the cash the were making from yeezy and cork releases... their gonna need it......Yeah I agree Mike, but what you quoted from me is just a post to put more ideas out and continue discussion. I essentially said the same thing as you but shortened on page 1. I think that point is obvious, especially seeing as how Jordan Brand had over $2 billion in sales alone in FY2012 and have proven that increasing shareholder wealth is the #1 priority (as it should be) even at the risk of quality of products and shutting out some key demographics. So I do agree with you completely.
This is way off base because Nike represents the largest portion of the shoe market so their sells are going to account for the majority of sales at any retailer, that carries their products. What they are going to have to do is scale down hours, salaries and total overhead or go out of business. What we are seeing now is what any Wholesaler could do which is go mostly direct. By the time they fill FNL/FTL/Eastbay and the other major retail orders Nike is out of the red on any model everything else is meat and gravy.As a Nike employee I have to state that my opinion is my own and doesn't reflect that off my employer.
That said, I don't want to really go in depth because I have several opinions but the defining point is as a business owner, you have to diversify your portfolio. If 80% of your sales are attributed to Nike then you clearly aren't hedging against the now realized worst case scenario of not having said product as a sales crutch.
Say what you will about the big box chains, despite being led by Nike they're still diverse in their catalog. Some Footactions even have a new adidas concept that gives HOH a serious run for its money from a visual perspective.
I don't think it's a good thing that stores have lost their accounts but I do believe you have to always be playing offense and I question their failsafe plans.
What probably happend to those stores is that they probably got greedy and somebody reported them. With all the people that hate the twitter and raffle processes they don't need anything else to deal with
Nike doesn't care about people buying shoes with bots and such but cares about how a store runs their register, riiiiiiight. Follow the money. I'm with those who say it's about the bread.like i said i think nike is trying to go upscale and tighten where their product's go
you have to remember nike makes these places sign a contract
thats why a nike/jordan retail account is worth its weight in platinum not gold
Maybe I'm missing something. And I'm not completely disagreeing, so don't think that. But, can't Nike make as many shoes as they want? Whether Mom and Pops took up 1 or 1 million shoes, Nike is at liberty to make as many shoes as they like. At the end of thee day, money is money. So regardless of whether they're charging FLT, FNL, FA, or a Mom and Pop, $80, it is still $80. Kinda like the Galaxy Foams. I'm sure Nike could have sold them on their site if they wanted, but they didn't (if I remember correctly???).I do completely agree it's kind of a black on the shoe business when they're charging this exhorbitant prices, but the whole cut the mom and pop out for Nike's own inventory doesn't seem too logical to me. But hey, I'm probably reading the forum wrong or maybe viewing it from the wrong angle. Anywho, still good to see the shoe business deadbeats cut out if they're truly raking people over the coals. I guess the only silver lining is you're at least getting a receipt for the Mom and Pops if you're trying to trade or get rid of them by selling lolYeah I agree Mike, but what you quoted from me is just a post to put more ideas out and continue discussion. I essentially said the same thing as you but shortened on page 1. I think that point is obvious, especially seeing as how Jordan Brand had over $2 billion in sales alone in FY2012 and have proven that increasing shareholder wealth is the #1 priority (as it should be) even at the risk of quality of products and shutting out some key demographics. So I do agree with you completely.