Teen entrepreneurs pull off their first pop-up sneaker shop "AGORA".
Entrepreneur Name: Adam Powers and Jee Holden, (Age: 16)
Business Name: Pop-up Sneaker Shop, Newport, United States
Powers and Holden, two teen entrepreneurs from Newport collaborated to pull off their first pop-up sneaker shop. They buy limited-edition, rare or discontinued sneakers from resellers online or from brands when collection drops and re-sell them at a profit.
Sneakers have become a new trend because of social media influencers and celebrities. This is one of the reasons why their business has been really good. Many of the pairs in their shops are designer brands. Every pair is real and authentic. They made a profit of around $25000 after sales of $100000. The gap between sales and profit is because of other factors like shipping costs and purchase. They keep a margin of 10% to 40% on sneakers and 59% to 75% on sneakers.
Both of them are still testing how the pop-up goes. Perhaps they will try a brick-and-mortar venture in the future. But for now, it's just sneakers.
