Clever New York Teen Opens First Ever Sneaker Pαwn Shop

by / June 16, 2014 Black News 17 Comments

Post By RelatedRelated Post

When you normally think of pawn shops, you probably associate them with high end items like jewelry and electronics. One New York teen, however, observed that many young people don’t buy those items anymore. Among them, the currency is high end sneakers, so the New York business minded teen decided to turn sneaker fandom into a business.

Photo Credit: New York Post

Photo Credit: New York Post

So called sneakerheads, those who relish in fresh and high end sneakers, are becoming the majority among young adults and teens, so 16 year old Chase “Sneakers” Reed opened the first ever sneaker pawn shop. Reed opened the pawn shop using his own 45 pairs of basketball shoes.

“Young kids don’t have jewelry. They don’t have cars,” Troy Reed, dad of young entrepreneur Chase, told the New York Post. “But what they do have is the thousands of dollars worth of sneakers in their house.”

High school student Chase is one of those kids. He waits in line for the freshest sneakers and monitors what shoes are coming out next. Now he’s turning his knowledge of the sneakers into a business.

Teens have their own reasons for pawning the shoes. One wanted to pay for his brother’s funeral while another pawned sneakers to pay for a move across town.

Even though tapping into the market for sneakers is good business, Chase says it’s more than a business to him.

“I don’t look at it like a business. It’s what I do. It’s what I breathe,” said Chase. “It’s an idea that’s right in front of your face. It’s just about bringing the idea to life.”

While Chase is in school, his father and friend Rahsaan “Uncle Bless” Capers work at the pawn shop. Capers said this is big business and he knows first hand since he has been offered $17,000 for his three pairs of Yeezys.





17 Comment

  1. Nice response in return of this issue with firm argumentss and describing everything regarding that.

  2. GREAT! A BLACK YOUTH using his Head instead of "knockin" Heads1
    BLACKS need more businesses for their people so they can hire them like other Races do!

  3. Amazing! Its really awesome piece of writing, I have got much clear idea on the topic of
    from this article.

  4. A person necessarily lend a hand to make severely posts I

  5. An fascinating discussion will likely be worth comment. I

  6. Its amazing as your other posts : D, appreciate it for putting up.

  7. Some genuinely nice stuff on this site, I enjoy it.

  8. Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a little bit, but other than that, this is magnificent blog. An excellent read. I will certainly be back.

  9. I like your writing style really loving this site.

  10. Just wanna remark that you have a very nice website, I the pattern it really stands out.

  11. It’s fantastic that you are getting ideas from this post as well as from our discussion made at this place.|

  12. I think other site proprietors should take this site as an model, very clean and magnificent user genial style and design, as well as the content. You’re an expert in this topic!

  13. I am constantly browsing online for articles that can help me. Thank you!

  14. Very nice article, just what I wanted to find.|

  15. Appreciate it for helping out, good info.

  16. แจกเครดิตฟรี ไม่ต้องแชร์ 2020

  17. allslot

Comments are closed.