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You realize this is talking about one of the sellers on the platform right? Not the platform itself. Looks like GMV is actually ~1.2B/year and even at a conser
by changdizzle 7y ago
You realize this is talking about one of the sellers on the platform right? Not the platform itself.
Looks like GMV is actually ~1.2B/year and even at a conservative 10% profit margin, they're pulling in at least $120M/year.
"The company said its revenue more than doubled in the last year, with gross product sales topping $100 million a month. It has expanded into streetwear and luxury goods like handbags and has more than 800 employees."
- knd775 7y agoThe transaction fees on sneaker sales (by far their largest segment) are between 8% and 9.5% depending on seller volume. Since StockX authenticates every shoe, that eats up a bit of that fee. The point of your comment mostly still stands, but I wanted to mention some real numbers. https://help.stockx.com/articles/478556-what-are-stockx-selling-fees https://help.stockx.com/articles/478556-what-are-stockx-sell...