Sneaker rental platform Kyx World learned a hard lesson in January. Demand for its shoes dropped, and it had to abruptly cease operations just a month after securing a round of seed funding, Sole Retriever reported at the time. Maybe sneaker rentals weren’t the way to go. The company...
Recalling then-candidate Joe Biden’s 2019 advice that out-of-work coal miners should learn to code, now-unemployed coders may want to check job listings for “Luxury Procurement Specialist” or “Handbag Authenticator” as the resale sector widens its crackdown on knockoffs. A quick web search finds job openings...
Today in retail, the footwear sector is getting increasingly contentious, while ACI Worldwide teams up with NORBr on eCommerce payment tools. Plus, Dillard’s avoids the limelight and focuses on running a profitable business, and Amazon announces Alexa upgrades as its stock tumbles to a two-year...
So, you wanna buy some sneakers? That used to be a pretty straightforward proposition that, once upon a time, was heavily skewed toward back-to-school sales in stores each fall. Today, finding the right pair of kicks, as they say, has become an increasingly expansive and...
May 11, 2022
Nike is continuing its legal battle with StockX, a sneaker marketplace, alleging that the latter company sold fraudulent shoes, Bloomberg wrote Wednesday (May 11). While StockX promised it only sold legitimate footwear for athletes, Nike claimed it had bought four pairs of counterfeit shoes on the platform. “Those four pairs of counterfeit shoes were all […]
February 04, 2022
Athletic apparel and equipment maker Nike on Thursday (Feb. 3) sued Detroit-based online sneaker and handbag reseller StockX in New York federal court for selling unauthorized images of Nike shoes,...
April 08, 2021
StockX, the eCommerce marketplace for products such as sneakers and streetwear, has wrapped up financing that left the company with a $3.8 billion valuation, according to a Thursday (April 8)...
December 17, 2020
Resale eCommerce firm StockX has raised $275 million in a Series E funding round, according to Reuters. The round was led by Tiger Global Management and the company is now...
