10 Things You Never Knew About Consignment Sneaker Stores

For those who miss out on release day, these are the guys who have them covered. A New Jersey shop tells all.

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Not everyone has the luxury of buying every sneaker release for retail on the day that it drops. This has spawned sneaker consignment stores that keep people laced in pairs that released last week—or 10 years ago. Although a lot of people shop at consignment shops, they probably don't exact;y know what goes on at these stores.

To gain a better understanding of how the consignment store process works, we checked out Soled Out NYC in Highland Park, N.J.. Tony Chen, the shop's owner and founder, and Aaron Lee, his business partner, operate a small retail store that is growing its rep through selling a variety of sneakers and getting things moving on social media. You can check out their shop's page here, and their Instagram account here.

We talked to them to find out what you don't know about the consignment business. Take a read, you might be surprised. Here are 10 Things You Never Knew About Consignment Sneaker Stores.

This is how the consignment process works.

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Stores wait for prices to settle before they buy pairs to put on consignment.

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Hype is what keeps a consignment store going, but it's worth having something for everyone.

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The stores can't raise prices just because of new hype.

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They base some of their business decisions off of reactions on sneaker blogs.

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The one sneaker they won't take is...

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It's worth taking risks—sometimes.

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Be aware: There are crazy scams out there.

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Buy, resell, repeat.

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It pays to keep things on ice.

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