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StockX is an online marketplace and clothing reseller, primarily of sneakers. The Detroit-based company was founded by Dan Gilbert, Josh Luber, and Greg Schwartz during 2015–2016.
StockX has more than 800 employees at One Campus Martius in Downtown Detroit, an international office in London, and authentication facilities in Detroit’s Corktown neighborhood, Moonachie, New Jersey, and Tempe, Arizona. Scott Cutler and Schwartz serve as chief executive officer and chief operating officer, respectively, and Deena Bahri became the company’s first chief marketing officer in 2019.
Business model:-
StockX serves as an online marketplace, facilitating auctions between sellers and buyers, then collecting transaction and payment fees. Sellers send purchased items to StockX facilities for inspection and verification, then authenticated products are shipped to buyers.
StockX features a “stock market-like” variable pricing framework and discloses price histories for specific items. StockX is most known for sneakers and streetwear, but also carries other clothing and accessories such as handbags and watches. StockX surpassed eBay in total sneaker transactions in 2017. Counterfeit items are returned to sellers, and buyers are refunded.