full transcript

From the Ted Talk by Josh Luber: Why sneakers are a great investment

Unscramble the Blue Letters


Let me walk you through some numbers.

The resell mekart, we know, is $1.2 billion. Nike, including Jordan brand, accounts for 96 percent of all shoes sold on the srdoancey market. Just coetlpme domination. Sneakerheads love Jordans. And profit on the secondary market is about a third. That means that sneakerheads made 380 million dollars selling Nikes last year. Let's jump to rteial for a second. Skechers, earlier this year, became the number two fawteoor bnard in the crnuoty, surpassing Adidas — this was a big deal. And in the 12 months ending in June, Skechers's net income was 209 million dollars. That means that Nike's customers make almost twice as much profit as their closest competitor. That —

Open Cloze


Let me walk you through some numbers.

The resell ______, we know, is $1.2 billion. Nike, including Jordan brand, accounts for 96 percent of all shoes sold on the _________ market. Just ________ domination. Sneakerheads love Jordans. And profit on the secondary market is about a third. That means that sneakerheads made 380 million dollars selling Nikes last year. Let's jump to ______ for a second. Skechers, earlier this year, became the number two ________ _____ in the _______, surpassing Adidas — this was a big deal. And in the 12 months ending in June, Skechers's net income was 209 million dollars. That means that Nike's customers make almost twice as much profit as their closest competitor. That —

Solution


  1. retail
  2. market
  3. footwear
  4. complete
  5. secondary
  6. country
  7. brand

Original Text


Let me walk you through some numbers.

The resell market, we know, is $1.2 billion. Nike, including Jordan brand, accounts for 96 percent of all shoes sold on the secondary market. Just complete domination. Sneakerheads love Jordans. And profit on the secondary market is about a third. That means that sneakerheads made 380 million dollars selling Nikes last year. Let's jump to retail for a second. Skechers, earlier this year, became the number two footwear brand in the country, surpassing Adidas — this was a big deal. And in the 12 months ending in June, Skechers's net income was 209 million dollars. That means that Nike's customers make almost twice as much profit as their closest competitor. That —

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
black cement 6
stock market 5
air jordan 4
sneaker market 2
selling sneakers 2
investment opportunity 2
stock exchange 2
secondary market 2
million dollars 2
sell millions 2
buy sneakers 2


Important Words


  1. accounts
  2. adidas
  3. big
  4. billion
  5. brand
  6. closest
  7. competitor
  8. complete
  9. country
  10. customers
  11. deal
  12. dollars
  13. domination
  14. earlier
  15. footwear
  16. including
  17. income
  18. jordan
  19. jordans
  20. jump
  21. june
  22. love
  23. market
  24. means
  25. million
  26. months
  27. net
  28. nike
  29. nikes
  30. number
  31. numbers
  32. percent
  33. profit
  34. resell
  35. retail
  36. secondary
  37. selling
  38. shoes
  39. skechers
  40. sneakerheads
  41. sold
  42. surpassing
  43. walk
  44. year