Stadium Goods would like to thank all of our consignors for another great year of sneaker selling. We’ve put together a quick recap of what our team has done to improve your selling experience throughout the year.
Premium Pricing, Bigger Profits
Throughout 2023 we’ve helped consignors make bigger profits on select styles in comparison to what the same SKUs sell for via competitors. The following styles are just a few sneakers that Stadium Goods consignors have enjoyed significantly higher profits on.
-UGG Tasman and Tazz Slides (various colorways)
-Nike Kobe 6 Protro “Reverse Grinch” (FV4921 600)
-Tiffany x Nike Air Force 1 Low (DZ1382 001)
-adidas Yeezy Slides (various colorways)
-Women’s Nike Dunk Low “Cacao Wow” (DD1503 124)
-adidas Samba and Gazelle (various men’s and women’s SKUs)
-Women’s Air Jordan 1 Low “Black/White” (DC0774 101)
Faster Intake Speed
In 2023 the Stadium Goods team successfully improved the time it takes to get your products online and ready to sell after being dropped off. Here are some of the ways we were able to improve intake speed:
-We developed a feature that allows us to approve prices that are outside of the recommended pricing guardrail in bulk, significantly reducing the time a consignor has to wait for pricing approvals/modifications before sending items in.
-We increased the sell-thru speeds by making items available to sell as soon as they are authenticated.
Intake Speed Metrics:
Average time for a product that is priced outside of the guardrail to be approved by SG: ~35 minutes
Average time between carrier delivering shipments to warehouse and packages being scanned as received by SG team: ~1.75 hours
Average time between items scanned as received at the warehouse and being authenticated/intaken: ~15 minutes
Combined, it’s taking us about 2 hours on average from receiving products to completing intake.
Commission Promos
Our 50% off seller fees promos began in June 2023 and have helped us receive more inventory and our consignors enjoy bigger profits. So far there have been commission promotions for over 60 SKUs, and 2,445 units have been sold as part of the program.
Browse Supply
Within the Seller Portal we have a newly redesigned “List Items” page to help streamline the consignment process. Improvements include:
-The pricing guardrail range for each SKU is now being displayed on product cards so that you don’t have to click into the PDP to see pre-approved ranges.
– You can now sort products by “Most Viewed.” This allows consignors to see products that are being viewed the most on Seller Portal + App (note: these are consignor PDP views, not customer views).
-You can also sort by “Best Sellers.” This is an expansion of the “Best Sellers” list that previously existed in the Seller Portal, which allows consignors to sort our entire catalog by Best Sellers (rather than be limited to the top 50).
-Filter panel:
- Quick filter for SKUs that are part of an active Commission Promotion
- Brand filter
- Gender filter
- Average Selling Price filter (coming soon!)
Thank You!
As always, we thank you for being a consignor at Stadium Goods. We hope to do much more business with you in 2024 and beyond! If you have any questions, please reach out to [email protected].
StadiumSupply Blog 