StockX has acquired the inventory management specialist, Scout. The sneaker resale platform’s first acquisition is expected to further streamline the selling experience on StockX and help customers grow and scale their operations.
As part of the integration, Scout’s founders and extended team will join StockX as full-time employees.
Eligible StockX sellers will receive an invitation to access Scout’s innovative seller technology — which includes automation, inventory management, distribution and pricing tools — completely free of charge. Additionally, customers who previously purchased an annual subscription will receive a prorated refund. Other sellers can sign up and request access to the new tool on Scout’s website.
Scout will continue to operate as an independent service powered by StockX, and enable business sellers to distribute their supply through multiple marketplaces.
“StockX is fiercely committed to unlocking economic opportunity for our global community and this acquisition is one of many investments we’re making to ensure we deliver on that promise,” said StockX CEO Scott Cutler. “With the addition of this new technology, we’ll help our customers accelerate their businesses like never before.”
Photo courtesy StockX
