StockX, the popular online marketplace known for its specialty in sneakers, streetwear, and other consumer goods, has recently made its first-ever acquisition. The company has announced that it has acquired Scout, a company specializing in inventory management solutions. This move is expected to greatly improve the selling experience on StockX and help customers from all over the world expand and scale their operations.

As part of the integration process, eligible StockX sellers will now have free access to Scout’s seller technology. This includes a range of valuable tools such as automation, inventory management, distribution, and pricing tools. Sellers who had previously purchased an annual subscription to Scout will also receive a prorated refund. Additionally, new sellers can sign up and request access to this new tool on Scout’s website.

While Scout will operate as an independent service, it will be powered by StockX. This means that business sellers will be able to distribute their supply across multiple marketplaces. The founders and extended team of Scout will join StockX as full-time employees, working to expand the reach and enhance the capabilities of the tool.

Scott Cutler, CEO of StockX, expressed the company’s dedication to unlocking economic opportunities for its global community. With this new technology, StockX customers can expect their businesses to accelerate like never before.

Since its launch in 2016, StockX has experienced tremendous growth, especially during the pandemic. Between March 2020 and April 2021, the company acquired hundreds of thousands of sellers. The acquisition of Scout is just one of the many investments StockX is making to ensure it continues to provide economic opportunity for its community of buyers and sellers.

In summary, StockX’s acquisition of Scout aims to enhance the selling experience and support the growth of its customers. With access to Scout’s advanced seller technology, StockX sellers can streamline their operations and reach a wider audience. This strategic move showcases StockX’s commitment to delivering value to its community and expanding its capabilities as a leading online marketplace.

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