UK’s Largest Footwear Reseller Sees Growth During Pandemic

  • Kick Game hires PwC to explore a potential £150m sale
  • Founded in 2013, Kick Game is the UK’s largest footwear reseller
  • Stores in Covent Garden, London, Birmingham, Leeds, and Manchester
  • Higher demand for footwear and streetwear during pandemic
  • Trainer resale market estimated to reach £24.8bn by 2030

Kick Game, the UK’s largest footwear reseller, has appointed PricewaterhouseCooper (PwC) to explore a potential £150m sale. The company, founded in 2013 and with stores in Covent Garden, London, Birmingham, Leeds, Liverpool, and Manchester, has experienced increased demand for its products during the pandemic. With a turnover of nearly £40m this year and 150 employees, Kick Game is capitalizing on the growing interest in footwear and streetwear as an emerging asset class for collectors and traders. Investment bank Cowen and Co predicts the trainer resale market could be worth £24.8bn by 2030.

Factuality Level: 9
Factuality Justification: The article provides accurate information about Kick Game hiring PwC for exploring sale options, its stores locations, turnover, and the potential growth of the trainer resale market. It also cites a source (Sky News) and includes relevant data from Cowen and Co.
Noise Level: 3
Noise Justification: The article provides relevant information about Kick Game’s potential sale and the growth of the footwear and streetwear market, with a focus on the company’s performance during the pandemic. It also includes an industry estimate for future valuation. However, it lacks in-depth analysis or exploration of the factors driving this trend.
Financial Relevance: Yes
Financial Markets Impacted: Kick Game’s potential sale could impact the footwear and streetwear market, as well as the resale industry.
Financial Rating Justification: The article discusses a possible £150m sale of Kick Game, a footwear reseller, which highlights the growing interest in the footwear and streetwear market. This has implications for financial markets and companies involved in these sectors.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.

Reported publicly: www.retailsector.co.uk