StockX, the online marketplace hailed as the “stock market of things,” has achieved a significant milestone by surpassing $1 billion in gross merchandise value (GMV) in 2019. This achievement comes as the platform focused on expanding its international presence, particularly in Europe and Asia.

To support its growth, StockX established offices in Tokyo, New York City, and Silicon Valley last year. It also opened authentication centers in the Netherlands and Atlanta. Additionally, the platform localized its operations in France, Italy, and Germany to enhance processing fees and delivery times for customers in these countries. These strategic investments paid off, with international sales accounting for 30% of StockX’s business in 2019.

The platform also experienced remarkable growth in its user base, with more than a 100% increase in buyer and seller registrations throughout the year. StockX processed sales in 197 countries and territories, demonstrating its global reach. To diversify its offerings, the platform expanded its product categories in 2019 by adding trading cards to its collectibles section. The company witnessed significant growth in its luxury and collectibles categories, which grew by almost 200% last year.

In 2019, StockX also expanded its team by bringing in its first-ever chief financial officer, chief marketing officer, and chief communications officer. These experienced professionals joined CEO Scott Cutler, who assumed his role in June 2019. Presently, StockX has a workforce of approximately 1,000 individuals worldwide.

Reflecting on the accomplishments of 2019, Cutler expressed satisfaction with the progress made and emphasized the company’s commitment to leveraging its learnings to maintain momentum in 2020. As the fastest-growing e-commerce marketplace in its niche, StockX is excited about the significant growth opportunities that lie ahead.

In their report on the performance of 2019, StockX revealed some of the best-selling brands in specific categories. In sneakers, Jordan Brand, Adidas, and Nike held the highest market share, with the Jordan 1, Yeezy 350, and Air Force 1 as the most popular styles. Supreme, Bape, and Kith emerged as the top brands in the streetwear category, while Rolex dominated the watch category. Louis Vuitton was the favored label in the accessories category.

StockX’s achievement of surpassing $1 billion in GMV highlights its position as a prominent player in the online marketplace industry. With an expanding global reach, diverse product offerings, and a dedicated team, the platform is poised for continued success in the new decade.

Useful links:
StockX Website
Article on StockX’s Achievement