How many employees does StockX have?
The company has more than 800 employees, as of August 2019. StockX is among the fastest-growing startups in Detroit and Michigan, as of late 2018. In addition to the One Campus Martius office, StockX has an authentication facility in Detroit's Corktown neighborhood.
What percentage of StockX buyers are international?
Fifteen percent of the company's buyers were international, as of September 2018. In January 2019, StockX partnered with celebrity jeweler and influencer Ben Baller to sell 800 pairs of black and red slides directly to the public, marking the company's first "initial product offering" ("I.P.O.").
How much money has StockX raised?
The company raised $6 million in February 2017. StockX received $44 million in a second venture round in September 2018. In addition to Battery and GV, investors included Steve Aoki, Marc Benioff, Don C, and Karlie Kloss. The investment helped fund StockX's international expansion.
Is StockX available in other countries?
Prior to the company's expansion into Europe, StockX only advertised in the United States and accepted U.S dollars. Fifteen percent of the company's buyers were international, as of September 2018.
How many users are on StockX?
StockX Operating MetricsSep, 2018Dec, 2020Countries200Monthly Visitors25 mTransactions13 mUsers800 k
How popular is StockX?
StockX, which serves over 200 million visitors to its online marketplace across 200 countries, hit profitability in the second half of last year.
How many StockX sell shoes?
4. With over 125,000 product listings on its platform from over 500 brands, StockX is one of the largest resale marketplaces for sneakers in the world. 5. In 2019 sneakers made up approximately 75% of the merchandise sold on StockX.
Is StockX a trusted seller?
The short answer is yes - it's 100% legit! With over 1,000 employees, six authentication centres, operating in almost 200 countries, StockX is definitely the real deal, so if you're on the hunt for that sneaker grail, a luxury watch, or even a sought-after collectible, it's definitely the first place you should look!
Why is StockX so popular?
Redefining the future of retail, StockX leverages a unique stock market approach with its strong network effects, supervised process of purchases, excellent user experience, and functionality that helps the online buy and sell marketplace platform keep growing and ahead of the game.
Why is StockX cheap?
StockX is an online marketplace for buying and selling that uses a stock market-like approach to pricing. By leaving buyers to place bids and sellers to place asking prices, the prices reflect true market value — and in some cases, the prices are below retail.
Is selling on StockX easy?
The Process of Selling on StockX. Selling collectibles such as sneakers, handbags, and watches on StockX is easy. As a seller, you will first need to set up an account and post your listings. A reseller can either post goods with a fixed price or set it up for bidding.
How much does StockX make a day?
StockX, which is not profitable, charges a minimum $5 selling fee, plus as much as 12.5 percent in transaction and payments fees. Luber told the New York Times a year ago that StockX generated about $2 million in gross sales every day. The company has 700 employees.
Who are StockX competitors?
StockX's competitors StockX's top competitors include GOAT, Zappos, Flight Club and Stadium Goods. StockX is a platform for buying and selling authentic sneakers.
How long do StockX delivery take?
StockX strives to deliver your item to you within 7-12 business days. Although this may be slightly longer than you are used to, since the StockX marketplace deals with high value and rare products, we want to ensure that the items you purchase on our site meet our internal quality standards.
Can you return StockX shoes?
Due to the anonymous nature of our live market, we are unable to offer returns, exchanges or swaps—including if you ordered the wrong size. The good news is you can always resell with us if you no longer want your item.
What happens if seller never ships StockX?
Your account can be subject to a penalty fee if you fail to ship the item within the allotted time period (typically two business days), or if you sell and ship StockX an item that does not meet our condition guidelines and/or isn't authentic or doesn't exactly match the item as it is described on StockX in any way.
Where is StockX's headquarters?
StockX is located in Detroit, Michigan, United States.
Who invested in StockX?
StockX has 27 investors including Dragoneer Investment Group And Dragoneer Investment Group.
How much funding has StockX raised to date?
StockX has raised $690M.
When was the last funding round for StockX?
StockX closed its last funding round on Apr 8, 2021 from a Secondary Market round.
What is stock x?
The name StockX is meant to convey that StockX is a “stock market of things”, a marketplace where users buy and sell items like rare sneakers and luxury clothing. Similar to a stock market, goods on StockX are traded like commodities where product prices are determined by supply and demand.
How much of stock X is sold for less than retail price?
13. 25% of the items sold on StockX are sold for less than retail price. This often happens when there is too much supply in retail stores and instead of waiting for the inventory to go on sale consumers can find what they are looking for on StockX.
What is StockX resale?
1. StockX is the first sneaker resale platform to reach unicorn status with a $1 billion valuation. It achieved this in less than three years and now it sells over a billion dollars worth of merchandise annually. Part of StockX’s success is due to the popularity of streetwear and StockX’s creation of a trusted resale marketplace where goods are ...
How successful is StockX?
Part of StockX’s success is due to the popularity of streetwear and StockX’s creation of a trusted resale marketplace where goods are authenticated reducing the risk of counterfeit products or fraudulent payment. 2. The sneaker resale market is growing quickly. In 2019 it had an estimated market size of $2 billion and it is projected to grow ...
How does StockX make money?
14. StockX makes its money through transactions fees. Sellers are charged at 9.5% transaction fee which decreases as the seller sells more merchandise.
What is the key to success of StockX?
One of StockX’s keys to success is its authentication process. After a sale is made on the platform the seller has to send the goods to one of StockX’s authentication centres before the goods are shipped to a buyer. The authentication centres ensure that merchandise is not counterfeit so that buyers do not get taken advantage of.
How big is the sneaker market?
The sneaker resale market is growing quickly. In 2019 it had an estimated market size of $2 billion and it is projected to grow to $6 billion by 2025. StockX’s luxury and collectables segment is one its fast growing categories, growing by 200% in 2019. 3.
How long does it take to complete a stock X order?
StockX strives to complete all orders within 7-12 business days, (that doesn’t include...
Does StockX determine the price?
We don’t determine the price, you do. As a live marketplace, StockX empowers you to Bid and Buy at real-time prices that reflect the current demand.
What is StockX marketplace?
StockX operates a live bid/ask marketplace for buying and selling limited edition and high demand sneakers. Its marketplace enables users to anonymously buy and sell limited edition consumer products with stock market-like visibility. StockX’s platform allows users to create their own personalized sneaker portfolio by uploading their current.
Where is StockX located?
The company was founded in March 2015, with its headquarters in Detroit in Michigan.
Why didn't the Yeezy 350 sell?
The Yeezy 350 V2 (Butter) didn’t sell for much more than retail after the release, probably because the drop was large enough to satisfy most of the initial demand. Beyond supply though, there are a few other factors that tend to influence resale value.
How many pairs of Yeezy 350s are there?
Unfortunately, as anyone who bought the Yeezy 350s in Butter will tell you, it’s near impossible to know the drop size in advance. And if you know only 200 pairs are being released, chances are you’re not getting one.
What is the average resale multiple for Nike SB?
Among major groupings, Nike SB has the best average resale multiple, coming in on average around 1.95x. That means if you get your hands on a pair of SBs for $200, you can expect on average to get back $390 for ‘em. Some other notables: Nike Basketball carries a 1.73x multiple, Air Force goes at a 1.51x clip, and Air Max comes in at 1.48x. We already saw above that more limited collabs can fetch much higher prices.
How much does the Jordans last shot cost?
Jordan also takes the lead in the worst-reselling shoe of all time: the Defining Moments Pack (Last Shot) – a package of 2 pairs actually – retails for $500 and sells for $140 less than that on average. This brings us to why Jordans can be such poor targets for flipping: they have higher retail prices than normal in the first place.
What are the lowest multiples over retail on sneakers?
The lowest average multiples over retail on sneakers come mostly from half sizes: the 10.5 (1.42x), 11.5 (1.39x), and 12.5 (1.37x) in the men’s department, and 8.5W (1.21x), 8W (1.18x), and 7.5W (1.16x) in the women’s department.
Can adidas make more Yeezy 350s?
Sneaker supply is artificially constrained: adidas could make more Yeezy 350s and Nike could make more Off-White Chucks, but they choose not to. In that sense, they’re much more similar to collectibles – like action figures or games – but they’re just much more popular.
Where is Justin from Common Projects?
Justin is a Data Scientist and Common Projects enthusiast based out of New York.
What happens when stock x expires?
When it’s nearly expired, StockX will send you an email reminder and suggest a renewal. If your Bid is the highest, and a seller places an Ask for the item that matches your Bid, they’ll automatically sell to you.
How does StockX work?
StockX will redirect you to a window where they tell you what comes next. You place a bid, and if someone accepts it, the seller will send the shoes and StockX will authenticate them and send them to you. You have to click “I Understand”.
How to see if your stock X bid is live?
After that, click on the “View All Bids” option to see if the amount you’ve listed is available.
What makes StockX different from any other website where you can buy sneakers and high-value accessories?
But what makes StockX different from any other website where you can buy sneakers and high-value accessories on? Well, not only can you find deadstock items that aren’t available in retail anymore, but you can also go into a bidding war for them.
What is StockX marketplace?
StockX is a huge marketplace for items like high-end sneakers, streetwear, collectibles, and accessories. You can buy from other StockX users directly, or you can place a bid and see if they accept it. In this article, we’re going to explain in detail how the bidding works on StockX and guide you through the steps.
How long does a stock bid last?
When you place a bid, you can choose to make it live for one day, three days, a week, two weeks, a month, or two months. A bid can stay up the whole time without anyone accepting it.
Does StockX charge for shoes?
StockX will automatically charge you, and the seller on the other side of StockX will start packaging your shoes or anything else you might have bought. However, if you want to wait a little while for a better price, you have the option to bid on any item.
How many people own stock?
56% of American adults, or about 145 million people, own stock. That percentage hasn't moved much over the past decade, despite tremendous gains in the market and the recent meme stock craze.
How much stock do millennials own?
In the first quarter of 2020, millennials owned 1.8% of stocks. By the second quarter of 2021, they owned 2.5%, hitting the $1 trillion mark in value.
How much did non black Americans own in 2005?
Meanwhile, the share of stocks owned by non-Black, non-Hispanic, and non-white Americans has grown from around 3% in 2005 to 8.9% in the second quarter of 2021. The value of stocks owned by that segment grew roughly 10 times over that period, from around $300 billion in 2005 to over $3 trillion in 2021.
How many people were in 401(k) in 1989?
The faster growth in the overall percentage of American families that held stock from 1989 to 2001 compared to those that directly held stock can at least in part be attributed to 401 (k)s being more widely adopted. In 1989, 17.3 million Americans participated in a 401 (k) program. By 2000, that number had more than doubled, with 39.8 million Americans enrolled in a 401 (k) program.
How much of the stock market did white Americans own in 1989?
The share of stocks owned by white Americans has declined over the past 20 years -- white Americans held 96.2% of stocks in 1989 -- but the breakdown of stock ownership by race is far from reflecting the racial breakdown of the U.S. population.
What are the trends in stock ownership?
Trends in stock ownership reflect those in wealth inequality and extend past the pandemic. Over the last two decades, the top 1% of Americans expanded their share of stocks owned while all other wealth segments saw their share of stocks owned decline.
What is the median value of stocks in 2019?
The median value of stocks directly held by American families in 2019 was $25,000, a few thousand dollars below the median value recorded before the 2008 recession and the peak value recorded in 2013.
Best-Selling Tesla Models
In 2008, Tesla launched the Roadster, its first battery-powered car. Today, the company produces a range of vehicles, and some of its most popular models include Model S, Model 3, Model X, and Model Y.
Tesla Customer Demographics
Have you ever wondered who’s actually buying Tesla vehicles these days? A recent study by Hedges & Company offers some valuable insights into your typical Tesla owner. Here’s what they found:
The Man Behind Tesla: Elon Musk
So what about the eccentric CEO behind the electric vehicle giant? How much money does Elon Musk have? Before Tesla, Musk co-founded the online bank X.com. The bank eventually merged with Confinity Inc. in 2000, evolving into what we know as PayPal today. That company was eventually bought by eBay in 2002 for $1.5 billion.
Tesla Net Worth, Stocks, and More
Tesla is certainly one of the most valuable companies in the world today, but how costly is it to invest in the company?
Conclusion
These stats confirm Tesla’s status as the leading brand in the electric vehicle industry. The company’s contributions to advancing the technology in this field are undeniable, and its products have taken the world by storm.
