The influence of the Detroit-based sneaker marketplace StockX in footwear is accelerating, according to Cowen. read more. :
The influence of the Detroit-based sneaker marketplace StockX in footwear is accelerating, according to Cowen. StockX recently raised $44 million in Series B funding, which increases its potential for marketplace disruption, analyst John Kernan said in a Monday note. The funding round, led by GV and Battery Ventures alongside other high-profile investors, should help StockX grow its user base, improve the user experience and boost the marketplace's authenticity and liquidity, the analyst said. (See Kernan's track record here.)