Stadium Items is closing its New York Metropolis retailer after practically a decade. Situated at 47 Howard Road in SoHo, the shop has been a go-to spot for uncommon and extremely sought-after sneakers for a few years.
In response to the corporate’s senior vp and basic supervisor, the choice got here because the lease was ending. Revealing to Footwear Information:
“The lease time period was arising and we determined to not renew. Our enterprise is primarily by means of digital channels, in order that’s the place Stadium Items is focusing funding to drive development.”
The SoHo retailer, opened on October 16, 2015, was based by John McPheters and Jed Stiller. In 2022, it was renovated to broaden to 2,860 sq. toes, with an entrance added at 305 Canal Road.
Stadium Items was acquired by Farfetch Restricted for $250 million in 2018, and Farfetch itself was later bought to South Korean firm Coupang in 2022 for $500 million.
As Stadium Items focuses on e-commerce, the closure of its iconic SoHo retailer marks the top of an period for sneaker fans and raises considerations for a declining sneaker market.
The shop can be closing within the coming weeks.
