Le Lézard
Classified in: Science and technology, Business
Subject: CXP

StockX Reveals Resale Market Insights and Company Momentum, Surpasses $1 Billion in Gross Merchandise Value in 2019

DETROIT, Jan. 17, 2020 /PRNewswire/ -- Coming off the heels of a pivotal year for the resale industry as a whole, StockX, the first-ever "Stock Market of Things," announced it surpassed $1B in gross merchandise value (GMV) in 2019 alone and grew global buyer and seller registrations by more than 100%. The two-sided marketplace for sneakers, apparel, accessories and collectibles focused heavily on expanding its global business - specifically in Europe and Asia - and diversifying product categories. To mark the milestone year, the company today issued a report highlighting industry trends and predictions, as well as insights into the company's growth. 


StockX, which launched in February 2016, announced last year that it raised $110M in a Series C funding round that valued the company at over $1B. The announcement included the appointment of e-commerce veteran Scott Cutler as StockX's CEO and was followed by news of several key C-suite hires over the course of Q4 2019.

"2019 was a momentous year for StockX," said Scott Cutler, StockX's CEO. "We rapidly expanded our product lines, verticals and global footprint ? all to better serve our growing platform and valued customers around the world. As the fastest-growing e-commerce marketplace of its kind, we are committed to leveraging the incredible learnings and momentum from 2019 while remaining focused on, and excited by the significant growth opportunities in 2020."

With transparency and access at its core, StockX today issued a report that recaps the company's 2019 highlights, and provides an in-depth look at the state of the vibrant resale market and predictions for the year ahead. A few highlights from the report include:

For the full report, visit stockx.com/news/state-of-resale.

About StockX
StockX is proud to be a Detroit-based technology leader focused on the large and growing online resale marketplace for sneakers, apparel, accessories and collectibles. As the world's first "Stock Market of Things," StockX's powerful platform connects buyers and sellers of high-demand consumer goods from around the world using dynamic pricing mechanics. This approach brings unparalleled access and transparency powered by real-time data that empowers buyers and sellers to determine and transact based on fair market value. The StockX platform features hundreds of brands across verticals including Jordan Brand, adidas, Nike, Supreme, BAPE, Off-White, Louis Vuitton, Gucci, Rolex and collectibles from artists including KAWS and Takashi Murakami. Founded by Dan Gilbert, Josh Luber and Greg Schwartz in 2016, the company employs approximately 1000 people in more than 10 offices and authentication centers around the world, and facilitates sales in 197 countries and territories. Learn more at www.stockx.com.


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News published on 17 january 2020 at 11:00 and distributed by: