After raising funds to enhance its platform and grow internationally, StockX has acquired Scout, an inventory management company, for an undisclosed sum, the company said in an email to Retail Dive. The deal is StockX’s first acquisition.
Qualifying StockX sellers will be able to access Scout’s tech tools, including automaton, inventory management, distribution and pricing tools, for free. The acquisition is meant to “further streamline the selling experience on StockX and help customers around the world grow and scale their operations,” according to a company press release.
Scout’s three co-founders and seven employees will join the StockX staff in product, engineering and account management positions. Scout will continue to operate as an independent service, so sellers may distribute their supply through multiple marketplaces.
Source: Retail Dive
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