All StockX articles
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ArticleZalando tops the ranking of European fashion e-tailers
In 2022, Zalando topped the ranking of online fashion retailers operating in the European Union, according to the second edition of “Top 250 Fashion & Beauty Retail Europe” released by Cross-Border Commerce Europe. Zalando controlled 9.8 percent of the EU online fashion market largely thanks to its strong presence in ...
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News briefs
StockX breaks records in 2022, reveals most traded sneakers
In a new report, Detroit-based resale platform StockX details the top-traded and fastest-growing brands on its platform over the last year. StockX’s annual report – Big Facts: Current Culture Index 2023 – notes that the company surpassed 1.5 million lifetime sellers, 12 million lifetime buyers and 40 million lifetime trades ...
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News briefs
StockX axes more jobs
StockX announced another round of layoffs with the departure of nearly 80 more people, according to media reports. In June, the Detroit-based sneaker marketplace already announced plans to lay off 8 percent of its workforce. With the announcement of the latest layoffs, the company said ”our business is multifaceted ...
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News briefs
StockX appoints head of brand protection
Sneaker marketplace StockX has appointed Paul Foley as head of brand protection, reporting directly to chief supply chain officer Sean McCartney. Foley will lead the company’s product verification efforts. He brings more than three decades of experience in brand protection, global operations and supply chain management to his new role. ...
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News briefs
StockX to lay off 8% of workforce
StockX plans to lay off 8 percent of its workforce. The Detroit-based company employs more than 1,500 people. The sneaker marketplace cited “macroeconomic challenges currently impacting our global economy continue to affect consumer behavior” as the reason, as well as the need to “adapt and pivot to deliver the highest ...
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News briefs
StockX defends itself against Nike
While online resale platform StockX continues to claim that Nike has a fundamental misunderstanding of NFT, as it originally argued, the company defended its anti-counterfeiting measures in response to Nike’s amended complaint. In a June 6 filing, StockX said the platform has one of the strongest authentication processes in the ...
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News briefs
StockX is reportedly working on its IPO
StockX, the fast-growing auction platform for heritage sneakers and other collectibles, has started working on a public offering with Morgan Stanley and Goldman Sachs, said Bloomberg, quoting “people with knowledge of the matter.” The report, which could not be confirmed, comes a couple of months after StockX announced its first ...
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News briefs
StockX acquires Scout
StockX is making its first acquisition, and the target company is Scout, which has developed a the cloud-based inventory-management software topShelf. Once the deal goes through and the integration is completed, StockX will be inviting certain subscribers to use Scout’s automation, inventory management, distribution and pricing tools free of charge. ...
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Article
StockX's GMV up 90% thanks to new categories
In a mid-year snapshot of its “Culture Index,” which was first launched last year, StockX reported a 90 percent increase in the gross merchandise value (GMV) going through its marketplace in the first half of 2021, led by a growth of 250 percent from “emerging categories” such as gaming ...
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News briefs
StockX probed by Italian competition authority
Italy’s competition regulator, AGCM , is investigating StockX – the U.S.-based online market for sneakers, streetwear, collectibles and other items – over various aspects of its service, among them allegedly misleading pricing. AGCM said that it is concerned by the “total absence” during the purchasing process of the identity ...
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News briefs
StockX opens an authentication center in Australia
StockX , the American online market for sneakers, opened on May 5 an authentication center in Melbourne. It is the company’s first center covering Australia and New Zealand. StockX currently has 11 authentication centers and drop-off locations in addition to its offices in Detroit, London and Tokyo. Australians have ...
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ArticleStockX's value surges to $3.8 billion
StockX , the American online market for sneakers, raised $195 million in a secondary tender offering and an additional $60 million in Series E-1 primary shares at a $3.8 billion valuation. Altimeter Capital led the all-cash offer, with the participation of existing investors and of a new institutional investor, ...
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News briefsWomen’s sneakers are booming on StockX
StockX has released a report on the resale market’s evolution since the company’s founding, in February 2016. Men’s sneakers continue to dominate resales, but the resale of women’s sneakers has been growing at a faster rate, having multiplied by a factor of 1,500 since the start. StockX says it ...
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News briefs
StockX valued $2.8 bn in new financing round
StockX , the online reseller of sneakers and other cult products, has raised an additional $275 million in a Series E funding round that values the Detroit-based company at $2.8 billion. StockX says its sales were up by 75 percent to more than $100 million in the third quarter, leading ...
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News briefsStockX booms over Cyber Weekend
This year StockX enjoyed its best Cyber Weekend ever. The daily gross merchandise value (GMV) for the period averaged a growth of 100 percent year-on-year. Black Friday’s rate of one trade per second rose at times in the subsequent days to as much as three per second. The website ...
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ArticleeBay starts sneaker authentication
eBay is expanding its Authenticity Guarantee service to sneakers sold on its online platform as it takes on its rivals StockX and Goat in the fast-growing collectible sneakers market. Through the program, all new and pre-owned collectible sneakers sold on eBay for over $100 in the ...
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ArticleStockX sees ‘remarkable’ growth in Q3
StockX, the online resale exchange for sneakers and streetwear, counted 25 million global monthly visitors to its platform in the third quarter and “continues to grow at a remarkable rate” as the resale market expands globally. In a third-quarter snapshot looking at its international performance, StockX noted that sell-side transactions ...
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ArticleCovid-19 is forcing fashion and retail to rethink their business models
The Covid-19 pandemic has accelerated changes in consumer attitudes towards fashion and retail, and calls are getting louder for “something to be done,” namely fewer collections, less fast fashion and more attention to sustainability.
