The secondary market for sneakers is booming

It's well known that sneakers or trainers are big business. But did you know that the secondary market for sneakers is now estimated to be worth a billion dollars?

One New York city entrepreneur making some of that market is Chase Reed. With help from his father, Troy, Chase has opened a pawn shop in New York City that uses sneakers as collateral. A venture so successful that they're getting ready to open their second shop.