GOAT Group operates four brands—GOAT, Flight Club, Grailed, and alias—focused on providing authentic sneakers, apparel, and accessories to a global community of over 50 million members in 170 countries. The company connects buyers and sellers through its platforms, ensuring product authenticity with strict verification processes. Revenue is generated through transaction fees, premium services, and partnerships. GOAT Group stands out in the competitive fashion and streetwear market by catering to sneaker enthusiasts, fashion-forward individuals, and collectors, while leveraging its technological infrastructure to create a secure and seamless marketplace experience.

Y Combinator

SV Angel

Andreessen Horowitz

First Round Capital

Webb Investment Network

New Enterprise Associates

Matrix Partners

Upfront Ventures

Accel

Index Ventures

Foot Locker

D1 Capital Partners

Franklin Templeton Investments

Adage Capital

Park West Asset Management

T. Rowe Price

Ulysses Management

Consumer Software

Consumer Goods

GOAT Group

The Federal Trade Commission (FTC) is sending refunds to consumers it says were affected by a case in which marketer SuperGoodDeals.com allegedly promised “next-day shipping” of personal protective equipment (PPE) during the pandemic but often did not ship the merchandise for weeks.The agency is sending over $114,000 in checks to 4,583 consumers, the FTC said in a Wednesday (Dec. 4) press release.SuperGoodDeals.com did not immediately reply to PYMNTS’ request for comment.The FTC took action against the company and its owner, Kevin Lipsitz, in July 2020, alleging that the seller’s tactics violated the FTC Act and the FTC’s Mail Order Rule.In February, the agency announced a proposed court order, agreed to by Lipsitz and SuperGoodDeals.com, that required that the company adhere to a permanent ban on selling PPE, a prohibition on misleading shipping promises, a prohibition on other deceptive practices and a turnover of about $146,000 to the FTC.“Failing to adhere to promised fast shipping times for facemasks, or any other product for that matter, isn’t just unscrupulous — it’s illegal,” Samuel Levine, director of the FTC’s Bureau of Consumer Protection, said at the time in a press release. “The FTC will take strong action against those engaging in such practices.”The FTC said in June that its lawsuits resulted in over $324 million in refunds to consumers in 2023.That total includes money returned to consumers as a result of all FTC cases, whether the refund program was administered by the FTC, other federal agencies or the defendants, according to the agency’s annual report on refunds.The FTC itself refunded $137.7 million in 2023, and 1.4 million people cashed FTC payments.On Monday (Dec. 2), the FTC said it ordered online sneaker and apparel retailer GOAT to pay over $2 million to consumers, alleging that the company violated the agency’s rules around shipping practices.Among the FTC’s allegations in the complaint is one that GOAT did not give buyers the option of cancelling an order in cases in which the goods were shipped later than promised.Reached by PYMNTS at the time, a GOAT spokesperson provided an emailed statement saying that the company settled the matter with the FTC to avoid the cost and time of litigation, and that it is “confident in the products we sell and the way we sell them.”

Ftc Sends Refunds In Case Alleging False Promises Of ‘Fast Shipping’

The Federal Trade Commission (FTC) has ordered online sneaker and apparel retailer GOAT to pay over $2 million to consumers, alleging that the company violated the agency’s rules around shipping practices. In its complaint, the FTC alleges that GOAT did not give buyers the option of cancelling an order in cases in which the goods were shipped later than promised, rejected many return requests of goods that were not as described, made it difficult for consumers to complain, and provided full refunds only to those who escalated their return requests, the agency said in a Monday (Dec. 2) press release. “When an online business promises to protect consumers’ purchases, it must have the appropriate systems in place to make sure those protections can be implemented,” Samuel Levine, director of the FTC’s Bureau of Consumer Protection, said in the release. “Forcing customers to jump through hoops or keep complaining in order to get a promised refund is also unacceptable under the law.”

Ftc Orders Goat To Pay $2 Million, Alleging Shipping Violations

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Rent the Runway achieved record revenue as its bargain-hunting customers sought deals on everyday fashion. The company said its revenue for the quarter rose 31% year-over-year, while its active user base increased, with subscribers beginning to use the fashion rental and retail service for more than just special events. Speaking during an earnings call Wednesday (Dec. 7), CEO and Co-founder Jennifer Hyman noted that three years ago, customers used their subscriptions for work and special occasions 55% of the time

Rent The Runway’S Revenues Rise As Consumers Embrace Borrowed Fashion

In its ongoing quest for profitability, luxury resale platform The RealReal said Tuesday (Nov. 8) that it has overhauled its commission structure and will charge more for low-priced transactions that have typically resulted in losses. The announcement came as part of the company’s third-quarter earnings report, in which it outlined a four-fold strategy aimed at becoming profitable at a time when reCcommerce firms are struggling and its own stock has fallen 90% this year

Realreal Overhauls Consignment Structure In Quest For Profitability

The sneaker resale site is chasing growth after evolving into a hub of secondhand and new fashion, including apparel and accessories.

Goat Group agrees to buy streetwear marketplace Grailed

Proceeds from the coveted Jordan player exclusives will support participating student-athletes across sports at U of O. LOS ANGELES, Aug. 22, 2022 /PRNewswire/ -- GOAT , the global platform for products from the past, present and future, and Division Street , a sport venture company that develops creative and effective marketing programs to maximize revenue opportunities for University of Oregon student-athletes, announced today a partnership to auction exclusive Tinker Hatfield-designed Air Jordan VIII University of Oregon PEs to benefit participating U of O student-athletes

Division Street And Goat Partner To Auction Exclusive Tinker Hatfield-Designed Air Jordan Viii University Of Oregon Pes To Benefit Ducks Student-Athletes

Online reseller GOAT Group has raised nearly $300 million in venture capital funding to supercharge its growth, including an investment from Groupe Artemis, the controlling shareholder of Gucci owner Kering SA.

GOAT receives financing of $300M in venture capital funding

Noah and GOAT have kicked off their partnership with the launch of a new collection titled Mountain Goat.

GOAT launches Mountain Goat

In the past week, for example, eCommerce sneaker and apparel marketplace GOAT launched a new feature called Spaces, which allowed shoppers to create “moodboard-like worlds” in three different themes: Convenience Store, Outlandish Garden and Gothic Cathedral.

GOAT launched Spaces on Nov 22nd 21'.

Marketplace for authentic sneakers and apparel

GOAT Group

Marketplace for authentic sneakers and apparel

GOAT Group

Marketplace for authentic sneakers and apparel

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