StockX is boosting its international presence.
The “stock market of things” announced that it has opened a new authentication center in Melbourne, Australia. The center marks the company’s entry into the Australia and New Zealand regions.
“This launch is another example of our doubling down on a commitment to provide an authentic, accessible and truly local experience to customers across the globe,” StockX CEO Scott Cutler said in a statement. “Not only does opening our doors in Melbourne make for an improved experience for an already engaged, passionate customer base, but it allows us to further deliver on our customer promise to be the world’s leading live marketplace for consumers of current culture.”
Australia is one of the company’s fastest-growing markets, StockX said, and the Melbourne authentication center was added to deliver more customer experience enhancements to the region. Because of this new facility, StockX explained that shoppers in Australia will experience lower shipping fees and shorter shipping times, and sellers will now have reduced fees, streamlined shipping and faster payouts. Also, the it said the center will allow for bulk shipping for established sellers and its proprietary All-In Pricing feature that matches Australian buyers with Australian sellers when possible to further minimize shipping times and related fees.
The addition of the Melbourne facility is the latest move to bolster its presence outside of the U.S., which already includes 11 authentication centers and drop-off locations, as well as offices in Detroit, London and Tokyo.
Last month, StockX revealed how well it was performing abroad, which included the number of buyers and sellers for Q1 growing 135% and 120%, respectively, year over year. Also, its non-U.S. trade growth climbed 130%.
To date, StockX said it offers more than 125,000 product listings that includes sneakers, apparel, collectibles and more, has processed sales in more than 200 countries and territories, sees 30 million global monthly visitors and more than 1 million lifetime sellers.