Kicks Crew
 | |
| Industry | Retail |
|---|---|
| Founded | 2021 |
| Headquarters | New York City |
Key people | |
| Website | kickscrew |
Kicks Crew (stylized KICKS CREW) is a New York City-based global digital marketplace for footwear, clothing, and accessories, primarily focusing on sneakers. The company's main founding principle was to make the online sneaker market accessible to a broader audience not looking solely for limited edition shoes and luxury styles but interested in more general products.[1]
They operate a B2B2C model offering a digital platform for resale only to brands and retailers, which means that the products sold on their website and mobile app consist of exclusive launches, overstock, and excess inventory rather than being sourced second-hand.[2] This is aimed at avoiding some of the authenticity challenges of the C2B2C marketplace model.[3]
The website stocks over 400,000 products from all major sportswear brands and a wide range of other apparel and footwear companies[4] including a number of emerging brands from Asia.[5]
History
[edit]Kicks Crew was launched in 2008[6] by Johnny Mak, who took the role of CEO, and Ross Adrian Yip, a former business development director at Los Angeles-based online sneaker marketplace GOAT Group, who acts as COO.[7] Their stated aim was to make sneakers accessible to everyone. Initially, the company operated across a number of third-party platforms such as Amazon, eBay, Tmall, and JD.com. As their following grew, the focus shifted to a direct-to-consumer model in 2021.[8]
In November 2022 the company announced a close of $7.2 million in Series A funding led by Gobi Partners and Pacific Century Group, which also included an investment from Milwaukee Bucks point guard Damian Lillard. This was his first start-up investment.[9]
Lillard also became the company's first "Crew Athlete",[10] which sees him working with Kicks Crew on curated sneaker releases, website content, and giveback events. The first such event took place in October 2022 in Lillard's hometown of Oakland, California.[11] where he drove a Kicks Crew branded ice cream truck to Brookfield Park to hand out free pairs of sneakers.[12] In June 2023, Lillard coached high school students in gyms across lower-income areas of Hong Kong's Kowloon district.[13]
In 2023 Chinese sneaker brand Rigorer launched NBA star Austin Reaves' first signature sneaker, the AR1, in multiple colorways exclusively on Kicks Crew:[14] the debut titled "Ice Cream"[15] and a "Stars & Stripes" variant as a tribute to Team USA's legacy were the first two releases.[16] The partnership was expanded in October 2023 with the release of a Los Angeles Lakers-inspired colorway to celebrate Reeves’ four-year max contract signing.[17] and November 2023 restocks of the debut launches.[18][19]
In December 2023 Dallas Mavericks point guard Kyrie Irving made an investment in Kicks Crew and announced that he would join the company in the role of Chief Community Officer.[20]
See also
[edit]References
[edit]- ^ "Sneaker e-commerce platform Kicks Crew raises $6M Series A". 9 March 2022.
- ^ "Streetwear Marketplace Kicks Crew Raises $6 Million in Series a Round". 10 March 2022.
- ^ "Kicks Crew Sneaker Market Platform Announces $6 Million in Series a Funding". Forbes.
- ^ "Sneaker Platform KICKS CREW Kickstarts Its Digital Expansion with US$6 Million in Funding".
- ^ "Damian Lillard Makes First Tech Business Investment". 20 October 2022.
- ^ "How Kicks Crew aims to gain an edge in the sneaker space by working with retailers". 12 May 2022.
- ^ "Scoring Off-Court: Why NBA All-Star Damian Lillard's First Startup Investment Was This Sneaker Marketplace". Forbes.
- ^ "Kicks Crew Sneaker Market Platform Announces $6 Million in Series a Funding". Forbes.
- ^ "Scoring Off-Court: Why NBA All-Star Damian Lillard's First Startup Investment Was This Sneaker Marketplace". Forbes.
- ^ "Kicks Crew Teams with Damian Lillard for First Athlete Partnership". 20 October 2022.
- ^ "Damian Lillard Makes First Tech Business Investment". 20 October 2022.
- ^ "Kicks Crew and Damian Lillard Kick off Partnership by Giving Away Shoes in Oakland". Complex Networks.
- ^ "NBA Baller Damian Lillard's 'Fake' Sneaker Purchase Prompted His Latest Business Investment – Black Enterprise".
- ^ "Austin Reaves' Rigorer AR1 "Ice Cream" Releases on August 11th". 24 July 2023.
- ^ "KICKS CREW Brings Austin Reaves' First Signature Rigorer AR1 "Ice Cream" Sneaker". 10 August 2023.
- ^ "Lakers news: Details leaked on Austin Reaves' limited edition AR1 'Stars & Stripes' shoe". 7 September 2023.
- ^ "Austin Reaves and Rigorer Ready the AR1 in "Showtime" Colorway". 27 October 2023.
- ^ "Lakers Guard Austin Reaves' Sneakers are Restocking Online". 22 November 2023.
- ^ "Austin Reaves' Signature Shoe is Dropping in Lakers Colors". Complex Networks.
- ^ "Kyrie Irving Joins KICKS CREW as Chief Community Officer". 11 December 2023.