Stadium Goods Implementing New Seller Fee For Products Listed Longer Than 6 Months
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Stadium Goods, the ever-popular sneaker resale shop, is adding changes to its policy that will affect sellers who let inventory sit for more than six months. A $2/month seller fee will be implemented on products that haven’t sold by that point and will force those to drop the price by 10% each month after this period to waive the fee.
As we’ve seen in recent times, select sneaker consignment shops have been failing due to many factors, and Stadium Goods may be looking to combat one of the biggest reasons - sitting inventory. When products aren’t moving off the shelf, and money isn’t coming in, a consignment store could begin to fail. By forcing sellers to remove their inventory or reduce their prices until a product is sold, Stadium Goods can ensure that a consistent cash flow is coming in and their stock is consistently updated. Directly from Stadium Goods’ FAQ regarding why they are implementing this fee, they state,
“When items become aged, it costs you and it costs Stadium Goods in terms of storage costs. That’s why we're introducing a fee for older items - to encourage active inventory management and reduce how much time products spend sitting in the warehouse. Adjusting prices and ensuring that aged inventory sells will help ensure the best experience for our consignors and our customers.”
For sellers with a large amount of inventory, staying on top of and keeping track of all your products listed may pose a challenge. The $2/month not seem like much at first. However, a hypothetical situation where someone has 150 products listed for more than 180 days would cost the seller $300 a month.
It’s important to note that Stadium Goods will clearly mark inventory through their online consignment portal StadiumSupply, which will incur this “Aged Inventory Fee.” SG will also remind you via a monthly email and a notification on their StadiumSupply portal three days before the incurred fee. That said, the new fee seems like it could lead to a lot of administrative work and could lead sellers to move their product through another aftermarket platform like StockX, GOAT, or eBay, and continue to sell around the market price.
Stadium Goods’ new “Aged Inventory Fee” will be implemented starting May 1st, 2023. All products currently listed through the consignment store and future products will be subject to this new fee. We’ll have to see how this recent policy change affects Stadium Goods’ business and how sellers/buyers react. Keep it locked to our Twitter and the Sole Retriever mobile app to stay updated on the latest happenings in sneakers, streetwear, and more.
Sneakerhead from South Florida who turned his passion into a career. Concerts, music, trying new restaurants, and catching the latest movies are some of the things I enjoy when not writing for Sole Retriever. Email: nick@soleretriever.com
