With the e-commerce industry becoming increasingly competitive, StockX, the global resale platform for sneakers, streetwear, and collectibles has reported record-breaking growth in 2020. StockX’s most recent series E funding round attracted increased investor interest, raising $275 million, valuing the platform at $2.8 billion post-money. As of the end of Q3, the company surpassed 13 million lifetime trades.
To celebrate its 5-year anniversary, StockX is releasing a special report looking at the trends that have shaped the sneaker market over the last half-decade including the brands that made gains, the models that saw losses, and the silhouettes that withstood the test of time. The report is available here: https://stockx.com/news/sneakers-then-and-now.
Since its launch in 2016, StockX has become one of the world’s fastest-growing online marketplaces having seen the number of sellers located outside the US more than double in 2020. Originally a marketplace for sneakers, apparel and accessories, StockX has evolved into a multi-vertical platform that now includes collectibles and electronics.