#22: Stadium Goods Is Innovating Modern Retail

The entrepreneurs explain the art and hustle of the flip.

listen
#22: Stadium Goods Is Innovating Modern Retail
HBR
32.7K 0 Comments
Save

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.

Read Full Article

What to Listen to Next

Kendrick Lamar’s ‘good kid, m.A.A.d city’ Is Now Eligible for a Diamond Plaque
Music

Kendrick Lamar’s ‘good kid, m.A.A.d city’ Is Now Eligible for a Diamond Plaque

The 2012 record has sold over 10 million units in the United States.

New Balance’s 1906L Loafer Gets a “Fire Cracker” Treatment
Footwear

New Balance’s 1906L Loafer Gets a “Fire Cracker” Treatment

Brought to life through vibrant color streaks against a “Silver Metallic/Black” base.

ASICS Expands the GEL-KAYANO 20 Roster With a Dual-Colorway Drop
Footwear

ASICS Expands the GEL-KAYANO 20 Roster With a Dual-Colorway Drop

Introducing “White/Illusion Blue” and “Storm Cloud/Cilantro.”


'Zootopia 2' Becomes Disney's Highest-Grossing Animated Film With $1.46 Billion USD
Entertainment

'Zootopia 2' Becomes Disney's Highest-Grossing Animated Film With $1.46 Billion USD

Disney Animation crown shifts as ‘Zootopia 2’ surpasses ‘Frozen 2.’

#21: ItsTheReal Taught Your Favorite Rappers How to Laugh at Themselves

#21: ItsTheReal Taught Your Favorite Rappers How to Laugh at Themselves

The comics talk about working with Kanye, cooking for Gunplay, and sneaking Jim Jones past the Hip-Hop Police.

Listen
9.4K 0 Comments

#20: Mark Seekings Went From Pro Snowboarding to Working For Kanye West

#20: Mark Seekings Went From Pro Snowboarding to Working For Kanye West

The reclusive art director opens up about his creative career path.

Listen
14.8K 0 Comments

#19: Wiki Is New York Rap's Realist

#19: Wiki Is New York Rap's Realist

The rapper explains how Aaron Bondaroff gave him his moniker, meeting Skepta, and his Transatlantic appeal.

Listen
26.8K 0 Comments

#18: Photographer Viktor Vauthier Wants to Document Cultural Moments

#18: Photographer Viktor Vauthier Wants to Document Cultural Moments

“When I take photos of Virgil Abloh or Alex Olson, I feel they’re going to be the Andy Warhol or Jean-Michel Basquiat of my era.”

Listen
16.9K 0 Comments

#17: The Cool Kids Are The Rap Game's Nikola Tesla

#17: The Cool Kids Are The Rap Game's Nikola Tesla

Myspace vs. Soundcloud rap, camping out for Jordans, and some choice words for rapper Russ.

Listen
17.8K 0 Comments

#16: Arthur Kar Does Not Believe in Finish Lines

#16: Arthur Kar Does Not Believe in Finish Lines

“I wasn’t born in a Ferrari or a Porsche,” says the vintage car collector, “I was born in a hospital, like everyone else.”

Listen
33.1K 0 Comments


More ▾

What to Listen to Next

#15: Daniel Arsham Has an As-Yet Unreleased 'Future Relic' Film With Mahershala Ali

#15: Daniel Arsham Has an As-Yet Unreleased 'Future Relic' Film With Mahershala Ali

The Snarkitect speaks on his work with the ‘Moonlight’ star, Pharrell Williams, Ronnie Fieg and others.

Listen
21.2K 0 Comments

#14: How Grailed Helped Democratize Archival Fashion

#14: How Grailed Helped Democratize Archival Fashion

The start-up’s team sat down to discuss how the site morphed from a place to sell Quoddy mocs to a veritable online community.

Listen
14.1K 0 Comments

#13: GucciGhost And How He Connected With Gucci and 2 Chainz

#13: GucciGhost And How He Connected With Gucci and 2 Chainz

The snowboarder-turned-artist’s moniker started off as a music project.

Listen
33.8K 0 Comments

#12: David Casavant Explains Why He Considers His Personal Archive To Be His Own Brand

#12: David Casavant Explains Why He Considers His Personal Archive To Be His Own Brand

The NYC-based stylist speaks on the state of the fashion industry and working with Kanye West.

Listen
8.9K 0 Comments

#11: Photographer Ricky Powell and How He Captured the Golden Era of Hip-Hop

#11: Photographer Ricky Powell and How He Captured the Golden Era of Hip-Hop

“I like to make the goofy sh*t cool.”

Listen
37.0K 0 Comments

#10: Tee Dealer Patrick Matamoros Explains How He Puts Tees in the Hands of Kanye West, Jerry Lorenzo and Frank Ocean

#10: Tee Dealer Patrick Matamoros Explains How He Puts Tees in the Hands of Kanye West, Jerry Lorenzo and Frank Ocean

The mind behind CHAPEL and St. Luis explains why he can’t get behind Vetements’ $900 Snoop Dogg tee.

Listen
31.0K 0 Comments

More ▾
 
Episode Transcript

#22: Stadium Goods Is Innovating Modern Retail

The entrepreneurs explain the art and hustle of the flip.