Sneakersnstuff Files for Bankruptcy
The 25-year-old sneaker boutique filed for bankruptcy at the Swedish Companies Registration Office in Stockholm, hit with global competition, rising interest rates, high inflation, and softening demand for exclusive limited-edition footwear. At its height in 2021, Sneakersnstuff’s turnover reached SEK 1 billion ($116.6 mm), and it had around ten stores on three continents, but then the pandemic hit. ... Log in to view full article.
