#22: Stadium Goods Is Innovating Modern Retail
The entrepreneurs explain the art and hustle of the flip.
This week on HYPEBEAST Radio, we caught up with Stadium Goods cofounder John McPheters and CMO Yu-Ming Wu on the eve of the resale retail outlet’s 2-year anniversary to catch up. The entrepreneurs share stories from Stadium Goods’ early days as a brick-and-mortar presence in SoHo—acknowledging both booming opening and slumping second-day sales. ”You have to try a lot of things that are gonna be risky,” maintains McPheters: “some are gonna be failures, some are gonna be wins.”
But the hustler’s mentality of the reseller is strong with these two. For McPheters, every day is a grind: “everyday is a challenge to get more people in the store; how do you get more people on the site; how do you get your name out and present it the right way to a bunch of different people?” According to John, hustle is a cocktail of “fear, anxiety and motivation.” McPheters and Yu-Ming both acknowledge that learning from past failures and knowing the true meaning of a dollar is crucial to their come-up.
“If you want to really grow something, you gotta start somewhere,” says cofounder Yu-Ming Wu. Resellers, according to Wu, are “learning how to run a business on a very small scale.” This same skillset applies across the board: “There’s people who invest in stocks and there’s people who invest in streetwear and sneakers.”
Click above to hear the two entrepreneurs speak on their origins in the resale and start-up communities, the impact of Supreme taking on investors, and how they learned the value of taking their Ls.