StockX, the trusted global platform for consuming and trading current culture products, has acquired the inventory management solution known as Scout. The company’s first acquisition will further streamline the selling experience on StockX and help customers around the world grow and scale their operations. As part of the integration, Scout’s founders and extended team will join StockX as full-time employees and will work to extend the reach of the tool and grow its capabilities.
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 at https://scoutapp.ai. 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.”
Since 2016, StockX has grown to serve customers in countries and territories around the world. Between March 2020 and April 2021, hundreds of thousands of sellers joined StockX and made their first sale of the platform. StockX’s accelerating growth, expanding global footprint, and increasingly diversified customer base speak to the strength of the business.
For more information on Scout’s full offering of seller features, please visit scoutapp.ai.
