One of the hottest sneakers of the summer is a nearly 50-year-old skateboarding shoe inspired by an 11-year-old luxury messenger bag.

It’s been quite some time since Vans had a sneaker release as hyped as its Old Skool “Souvenir,” which is inspired by the revered Chanel On the Pavement messenger bag from 2014. Having sold out expeditiously, it fetched resale prices as high as the $400 range on platforms such as StockX — roughly four times its retail price of $125.

While one buzzy colorway isn’t sufficient in forecasting a brand’s future, evidence is piling up elsewhere to suggest Vans , as well as other purveyors of vulcanized sneakers (skate or otherwise), can anticipate a resurgence in the near future.

During a July earnings call, VF Corp. president and chief executive officer

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