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StockX is an online marketplace and clothing reseller, primarily of sneakers. Since November 2020, it has also opened up to electronic products [ 1 ] such as game consoles, smartphones and computer hardware.
Americans have grown accustomed to free returns, but a growing number of retailers are charging fees as returns squeeze retailers’ bottom lines. Macy’s, Abercrombie, J. Crew, H&M and other ...
StockX was jointly founded by Dan Gilbert, Greg Schwartz, Josh Luber and Chris Kaufman in 2015, with an emphasis on the sneaker resale market. [ 8 ] [ 9 ] Until mid-2019, Luber was the CEO of StockX. However, he stepped down from that role upon raising a Series C , $110 million round of venture capital funding at a $1 Billion valuation for the ...
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Sneakers are resold for prices that can exceed 10x return on the most coveted, low-production releases. [3] [34] In the 2010s, the sneaker market expanded into online retailing and auction sites. Some retailers have implemented a raffle system for online and in-store sales, while others have implemented a first come, first served model.
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Happy Returns LLC is an American software and reverse logistics company that works with online merchants to handle product returns. Purchased items can be returned in person without boxes or labels at third-party locations known as "Return Bars" including The UPS Store, Staples Inc., , and Ulta Beauty stores, [1] with specific locations searchable on Happy Returns’ website.
US retailers lost a little over $100 billion in return fraud, or around $13.70 for every $100 returned, up from $10.40 per $100 in 2022. Major retailers are frequent targets of such scams.