Ep. 50 - Greg Schwartz, COO and Co-Founder at StockX

The Retail Wrap-Up

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In today’s episode we talk to Greg Schwartz, the COO and Co-Founder at StockX.
StockX is proud to be a Detroit-based technology leader focused on the large and growing online resale market for sneakers, apparel, electronics, accessories, and collectibles. StockX's powerful platform connects buyers and sellers of high-demand consumer goods from around the world using dynamic pricing mechanics. This approach brings unparalleled access and transparency powered by real-time data that empowers buyers and sellers to determine and transact based on fair market value. StockX boasts over 30 million average monthly users and a lifetime gross merchandise value of US$3.8B.
The StockX platform features hundreds of brands across verticals including Jordan Brand, adidas, Nike, Supreme, BAPE, Off-White, Louis Vuitton, Gucci; collectibles from artists including KAWS and Takashi Murakami; and electronics from industry-leading manufacturers, Sony and Microsoft. Founded in 2016, the company employs about 1,000 people in 13 offices and authentication centres around the world, and facilitates sales in more than 200 countries and territories.
In the five years since StockX was created, it has become a leading marketplace that lives at the nexus of sneakers and e-commerce. Last month, it raised an additional US$255 million in funding, bringing its valuation to $3.8 billion.
During our conversation with Greg, we discuss:

• The motivation behind the business’s creation and how they have evolved over time;
• How the technology works for both the buyer and the seller and why shoes have become an investment, not just a fashion statement piece;
• Why StockX chose to open in Australia, and more specifically why in Melbourne + their plans for further locations and concepts in Australia;
• What StockX’s Global Growth Plan includes and the effect 2020 and the pandemic had on the business;
• How StockX’s creators got investors on their side on day 1, and continued the support during their most recent fundraising journey;
• We discuss their relationships with celebrity investors, such as Mark Wahlberg and Eminem;
• And, finally, what the future holds for StockX.

For more information on StockX and our guest today, please see the show notes for this episode.
A huge thank you to Greg for joining us. We hope you enjoy this conversation!

SELECTED LINKS FROM THE EPISODE:
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