StockX's Annual Snapshot Report Sheds Light on Market-moving Trends, Industry Insights, and Record Growth in 2020
DETROIT, Jan. 13, 2021 /PRNewswire/ -- In a new report out today, StockX reveals the products, brands, facts and figures that defined 2020 as well as predictions for the year ahead. Titled StockX Snapshot: Current Culture Index, the report identifies major movers across the footwear, apparel, collectible and electronics categories and highlights the trends shaping the future of resale. In its latest Snapshot, the company also shares key performance metrics, noting it recorded $1.8 billion in gross merchandise value (GMV) in 2020 and closed more than 7.5 million trades during the year. The report follows a $275 million Series E funding round that values the fast-growing platform at $2.8 billion post-money.
"2020 was a pivotal year for so many reasons; while it made for extraordinary challenges, it also brought unprecedented growth and opportunity as the world shifted almost exclusively to an online commerce experience. Following a 75% year-over-year revenue increase in our third quarter, we saw even higher growth in Q4 thanks to a record-breaking holiday season," said Scott Cutler, StockX CEO. "This paradigm shift, and the incredible work of our team to remain open, stable, and strong through the toughest of times, propelled StockX to extraordinary growth in 2020. We're excited to build on the momentum in 2021 and continue to deliver a next gen experience to buyers and sellers around the world."
Highlights from StockX's 2021 Current Culture Index include:
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