StockX co-founder to take over as CEO amid declines in sneaker resale

Quick Summary:

Greg Schwartz, who has been the company’s chief operating officer since its 2016 launch, will replace Scott Cutler, an early investor.

In order to get growth, brands stuffed the market with ‘limited’ shoes, which meant they were no longer limited,” he said by email.“Resale prices plunged.

The rotation at the top comes about a month after the sneaker marketplace brought on former Tommy John executive Nick Karrat as chief marketing officer.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United StatesJordan

Topics: Been Resale Schwartz Stockx Chief 2016 Officer Market Greg Growth Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 12:47:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 23517803

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