'We're going after a global opportunity with consumers around the world and we're super excited about this innovation in commerce,' CEO Scott Cutler tells CNBC's Jim Cramer.
interview Monday. "But we're going after a global opportunity with consumers around the world and we're super excited about this innovation in commerce."
StockX and its 800 employees across the United States and Europe serve customers in 170 countries, according to Cutler. The e-retailer is one of the many new companies that are helping change the direction of the industry. Before eBay, Cutler was an executive vice president at the New York Stock Exchange for nearly a decade. He succeeded co-founder Luber as chief when he joined StockX earlier this year. Intrigued by its business model, Cutler said he first became acquainted with StockX in its infant days and got connected with Luber via LinkedIn.
"I saw the idea and I thought it was just transformational, the combination of all of these things together in this company," he told Cramer, "and then who would have known a few years later that I would join and have the opportunity to run it in partnership with the founders." StockX already has its mind on the IPO process, though not the kind that stock investors can get their hand on. Last week, the company rolled out a collectibles initiative, its fifth product category, in collaboration withThrough the partnership, three designers from across the globe are tasked to design, create and produce a total of three "unique sneakers" in 10 days, Cutler said.
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