A high school student has gained a foothold in the business of used basketball sneakers. It may not sound like big business, but it is. Success often comes by thinking out of the box. "I knew it was ...

NEW YORK (AP) — A 16-year-old sneaker-loving teen is using the footwear to get a different kind of kick — he’s opened a pawnshop that uses high-end athletic shoes as collateral. Chase Reed and his ...

Seventeen-year-old sneakerhead and business owner Chase Reed was a marketing scheme to create buzz for the store. Last year, then-16-year-old Chase Reed took his love for sneakers to the next level by ...

NEW YORK (CBSNewYork) -- Sneakers such as Air Jordans are big business, and now a father and son have teamed up to open the first-ever sneaker pawn shop in Harlem. Three hundred sneakers line the ...

Ever since Spike Lee’s Mars Blackmon said Michael Jordan’s shoes were the reason he dominates on the basketball court in Nike ads, the world’s passion for sneakers has transformed into obsession. And ...

Everyone knows what a pawn shop is. The concept is pretty common around the world. But, for 16-year-old Chase Reed, he has put his own spin on it and applied the idea to high-end and dead-stock ...

Forget stocks. Sneaker futures are making Wall Street look like a swap meet. High-end kicks are becoming the currency of choice in New York, and one 16-year-old is taking advantage of the trend — ...

The world’s first and only pawn shop devoted entirely to sneakers is now in Harlem. And this is not for those grimy gym sneakers you have in your closet. Sneaker Pawn USA, located at 200 Lenox Avenue ...

Last summer, New York-based Sneaker Pawn made national headlines for being the "world's first sneaker pawn shop." As it was explained, 16-year old Chase Reed sold off his 200-pair sneaker collection ...

A 16-year-old sneaker-loving teen is using the footwear to get a different kind of kick — he's opened a pawnshop that uses high-end athletic shoes as collateral. Chase Reed and his father, Troy Reed, ...

The fad of buying the hottest sneakers has paid off big for one young teen entrepreneur in New York City. Chase Reed, a 10th-grader at Frederick Douglass Academy in Harlem, had the bright idea of ...

While most teenagers are enjoying the summer break, 16-year-old Chase Reed is working hard at his New York City business, “Sneaker Pawn.” The two-month-old shop, located on 120 th Street and Lenox ...