Retail
NFT battles: Nike takes seller of unlicensed NFT sneakers to the court
Popular sneaker maker Nike has started the “licensed NFT” wars by taking an online reseller called StockX to court for trademark infringement or sale of unlicensed nonfungible token (NFT) sneakers. According to a Reuters report, Nike has filed a lawsuit against the reseller in the New York Federal court demanding an undisclosed amount in damages and a halt of sales on such virtual collectibles. StockX reportedly started selling Nike sneaker NFTs in January and promised buyers they can redeem the real-world version of the sneakers in the near future. Nike in its 50-page complaint claimed StockX has sold nearly 500 NFT sneakers with the Nike branding which has dented their reputation and legitimacy. The shoemaker brand also alleged the NFT sneakers were being sold at inflated pri...
Record Store Day’s ‘Improbable’ Success Recounted in New Book for 15th Anniversary
Record Store Day is getting a book-length origin story. On April 12, ahead of the annual celebration’s 15th anniversary, Rare Bird will publish author Larry Jaffee’s Record Store Day: The Most Improbable Comeback of the 21st Century, a book recounting how the long-running event helped save independent record stores across the world and played a major role in relaunching the now-booming vinyl format. The tale is told in the voices of those who were pivotal to the movement, including RSD’s founders, artists who were supportive of the event and independent record store owners, among others. Jaffee is a New York-based journalist who teaches writing at the New York Institute of Technology and Mercy College and serves as co-founder/conference director of the Making Vinyl series of conferences th...
Global digital sales surpassed $1 Trillion during 2021 holiday season
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Explore the future of retail at Digital Retail Africa 2022
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How to start your eCommerce journey
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LipaLater Secures $12M in New funding to Expand Across Africa
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Retail is pushing the Bitcoin price up, says Ledger CEO
As crypto prices recover after a slump last week, Pascal Gauthier, CEO of crypto wallet firm Ledger, addressed questions relating to the state of the crypto market. In an interview taken by CNBC at the Crypto Finance Conference in St. Moritz, Switzerland, Gauthier said the situation panning out with Bitcoin (BTC) comes as no surprise. The retail trend is prominent and it’s “always the same.” He explained: “The number of addresses with the minimum number of BTC is actually growing compared to the number of whales. There is a profound retail trend everywhere in the world; they trust Bitcoin more and more. It’s the people that will push the price up.” Recent data from on-chain market intelligence provider Glassnode supports the claim. The number of BTC addresses with...
How can your business ensure it caters to today’s 3D connected customer and delivers a 3D customer experience?
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Africa’s biggest retailers to discuss post-COVID retailing at DRA2022
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5 reasons to sponsor and exhibit at Digital Retail Africa 2022
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Bakkt president Adam White announces departure from digital asset platform
Adam White, the president and founding executive of digital assets company Bakkt, is leaving the firm after three years. In a Thursday post on Twitter, White said next week would mark his departure from Bakkt, where he has served as both chief operating officer and president. White joined Bakkt after leaving Coinbase in 2018, where he worked as a vice president and general manager. The Bakkt president did not reveal what his next move would be, or whether he would continue to work in the crypto space. “I’ve loved working at intersection of crypto + markets and good to see the industry finding the balance between innovation & regulation,” said White. “Lots of work still to do here but never been more optimistic about the future.” After a great 3+ years at bakkt, next week will be my las...
7 Kinds of Sales Promotions That Can Help You Maximise Your Budget
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