PYMNTS-MonitorEdge-May-2024

Today in Data: Luxury Brands Go to Blockchain, Discount Retailers Add New Stores and StockX Nears IPO

Big Lots

Today in Data, discount retailers are thriving because they make shopping fun, and Sneaker reseller StockX gets closer to going public amid a rise in reCommerce popularity. Plus, Louis Vuitton, Prada and Cartier embrace blockchain to authenticate their products.

Today in Data

Data

$40B: eBay’s market value

150,000+: Number of products listed on StockX platform

$1,100 to $6,000: Price range for Louis Vuitton bags

500: Number of new locations planned for Big Lots

30%; 26%; 26%: Share of Big Lots sales comprised of furniture, food and home goods, respectively

PYMNTS-MonitorEdge-May-2024