StockX enjoys best two months in its history during May and June

StockX has reportedly enjoyed its most successful months during lockdown with 18 of its 20 most successful days falling in May and June.

The sneaker resale platform revealed that the height of lockdown has been its most lucrative period since launching in 2016.

While it did not release any detailed figures, StockX said that it had now reached a total of $2.5 billion gross merchandise value (GMV) since launching.

The first half of the year also saw it surpass 10 million lifetime trades, as its userbase continues to expand past Gen Z “sneakerheads”.

READ MORE: StockX says coronavirus has been “great for our business and growth”

Over the same period, the number of users over 45 rose by 30 per cent, while it achieved a 69 per cent market penetration among Gen Z shoppers.

“The first half of the year presented unprecedented challenges with dynamic shifts in how and where consumers spend their money,” StockX chief executive Scott Cutler said.

“As is the case for any live marketplace, real-life events have ramifications on market performance. These dynamic shifts in consumer behavior enable StockX to flex the model and deliver in these major cultural moments.

“Platforms that actively disrupt commerce are uniquely positioned to meet the consumer where they now are, which is one of the key reasons we’ve seen this recent growth.”

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Apps / Mobilemarketplace

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