Though StockX is now working with Walmart to move some sneakers (nah, forreal), it's hard to see how StockX can become the force it once was in it's heyday with the sneaker resell market at an all-time low.
While this move will undoubtedly help both Walmart and StockX move merchandise, we have to wonder if anything will change on StockX's part.
How this will help the company, which has developed a reputation for passing off bootleg sneakers as "authentic" over the years is anyone's guess.
Once again StockX is getting bad publicity out in the sneaker community as court documents have revealed that they once sold a single customer 38 pairs of fake Nike sneakers.
In a letter written to the judge overseeing the case, StockX says Nike hasn't complied with providing documents sought during discovery.
For most of 2022 StockX has been struggling to maintain its credibility amongst sneakerheads and footwear enthusiasts as its reputation has taken hits left and right. But the aftermarket resale destination’s latest move could mean the jig is fully up, as far as trustworthiness when it comes to kicks is concerned.
StockX apparently laid off more of their employees just months after cutting 8% of their workforce. They issued a statement on the move.
In just one day both eBay and StockX shocked sneaker resellers when both announced that they’d be raising fees on sneakers sold through their services.
Last week’s brazen robbery of $800,000 worth of Air Jordan and Nikes from storage trailers in Memphis, Tennessee sent shockwaves through the sneaker community and now StockX is taking a stand against the thieves using their website to get off the hot product.
A few weeks after the Swoosh pulled StockX’s Fugazi card and accused them of selling them counterfeit Nikes and Jordans, StockX has announced that it laid off quite a few of its employees.
A few weeks ago Nike roasted whatever credibility StockX had when they filed a lawsuit again StockX alleging that they sold bootleg sneakers to Nike employees buying sneakers from them undercover.
StockX has responded to Nike's claims that it sold the brand four pairs of bootleg versions of their sneakers. The online marketplace and resale brand is basically saying, Don't believe the hype.
