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If you factor in the time they spend having to buy and ship the shoes in terms of hourly wages they're likely losing money.
My friend introduced me to the term "bricking" in the shoe hustle game, which is when you buy an expensive shoe and make like $20 profit selling it after everything is said and done. I guess the high volume sellers take the risk because for every $20 shoe, there are some Travis Scott Dunks which you can sell for the price of a small car.
there are much worse outcomes than a $20 profit, stockx has an "under retail" filter, meaning a lot of resellers are losing money trying to flip shoes
High volume sellers like people who can get full size runs on shoes turn a better profit but usually need to find places/people that will buy in bulk. Most “resellers” are people who buy one pair and hopes they can buy a car with the profits. When in reality, even they’re not getting the really valuable pairs.
So most people are bricking sales. Making $8 profit (after StockX, Grailed, etc) take their cut. And buyers end up paying more in shipping than resellers make in profit.
And to my comment earlier about resellers, I’m just fed up with resellers in general. Most recently that my cousin visiting the states from the Philippines wanted to see the Broad museum. I tried to get tickets for a Saturday and resellers bot that site, take all the good times, and then sell them on Craigslist and shit for $50/pop. And they’re FREE tickets. I contacted one and offered $10/ticket and was told they’d rather let the ticket go to waste than not get their asking price. Fucking vultures.