Nike’s Sneaky Sneaker Thieves
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 17 August 2023
⏱️ 15 minutes
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| 0:00.0 | When Nike drops limited edition sneakers, fans go wild. |
| 0:11.3 | Man, we have the Air Jordan 11 and the brand new cherry colorway. |
| 0:16.7 | This is the insanely hyped Jordan 1 Chicago launch video. |
| 0:20.1 | We're going to find out that the brand new Travis Scott Air Jordan 1 low reverse mocha |
| 0:24.6 | is worth the hype. |
| 0:26.4 | People line up for hours just for a chance to buy the shoes. |
| 0:30.5 | Sure, it's because they're cool, but it's also because of their resale value. |
| 0:38.6 | There's a slew of websites where you can find the hard-to-get Nike drops, often at a big |
| 0:44.3 | mark-up, for hundreds of dollars above their original price. |
| 0:50.3 | Our colleague, Inti Pacheco, covers Nike, and he was looking at these websites recently, |
| 0:56.0 | and noticed something weird. |
| 0:58.0 | The most coveted Nike's were popping up for resale way ahead of their release dates. |
| 1:06.3 | You could almost always get a hold of a pair of limited edition sneakers months before the |
| 1:13.2 | release, and that it's like, how is that possible? |
| 1:19.6 | That question would set Inti off to learn all about how Nike sneakers move from factories |
| 1:25.5 | to stores, and all the ways they're stolen along the journey. |
| 1:34.3 | Welcome to the journal, our show about money, business, and power. |
| 1:38.8 | I'm Kate Limebaugh, it's Thursday, August 17th. |
| 1:47.8 | Coming up on the show, the explosion in Nike's shoe thefts. |
| 2:07.7 | Do you own any Nike's? |
| 2:10.0 | I do. |
| 2:12.0 | I actually have a weird pair because you have to make them yourself, but they're like |
... |
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