A Pawn Shop For Sneakers

A Pawn Shop For Sneakers

“They bring in their exclusive sneakers and we loan them money”. A young entrepreneur is helping poor but sneaker-rich teens cash in on their exclusive trainer collections. Chase Reed, 16, got the idea for the world’s first sneaker pawn shop when he borrowed money from his father – who took his limited edition shoes as deposit. Speaking from his shop in Harlem, Chase said: “At first people thought it was a gimmick, but it actually is a place where you can come and pawn your sneakers or you can buy, sell, trade, customize, or refurbish sneakers.” He opened the store in May and along with his father is hoping to roll out franchises across the country.

Added on: July 11th, 2014


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