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“Kohl’s ignites bidding war and stock jumps 16%” A bidding war for discount department store Kohl’s has erupted, sending its share price up more than 16%. At least three bidders — including Hudson’s Bay, the Canadian holding company that owns Saks Fifth Avenue — are submitting bids Wednesday to potentially acquire the discount department store,…
“# NFT battles: Nike takes seller of unlicensed NFT sneakers to 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…
“# Canadian Bitcoin platform Shakepay raises $35M in Series A funding ” It’s another shake-up for the finance industry as Montreal-based Bitcoin (BTC) startup Shakepay raised $35 million from investors. The fresh funding from the United States-based venture capital firm QED Investors values the company at $251 million. Founded in 2015, Shakepay allows Canadians to…
“#Target CEO predicts inflation will limit driving, shopping” American consumers are likely to dial back on trips to stores and restaurants this year as soaring inflation makes shopping more expensive, according to Target CEO Brian Cornell. Cornell addressed the retail landscape during a Sunday appearance at a National Retail Federation event. He noted the rising…
“# 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…
“# Unlocking utility is key for fashion brands launching NFTs in 2022 ” Nonfungible tokens, or NFTs, have become one of the most discussed markets in the crypto space this year. A recent report from Cointelegraph Research found that NFT sales are aiming for a $17.7 billion record by the end of 2021. This may…
“#Hy-Vee unveils armed ‘retail security team’ amid theft surge” Customers at the Midwest grocery chain Hy-Vee will soon encounter armed security guards while shopping at stores in light of the recent surge in retail thefts. The Iowa-based retailer unveiled plans Wednesday for the launch of a retail security team to operate at stores across eight…
“#Apple bans shoppers from all NYC stores as COVID cases soar” Apple has temporarily closed all of its New York City stores to in-person shoppers as coronavirus cases soar in the Big Apple. Apple’s massive Fifth Avenue flagship — as well as its Grand Central, SoHo and World Trade Center stores and smaller outlets across…
“# 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…
“#Apple closes eight stores amid COVID surge: report” Apple has temporarily closed at least eight retail stores in the US and Canada since Tuesday as cases of the coronavirus surge among customers and employees, according to a report from Bloomberg. The Cupertino, California-based company typically closes a retail store when roughly 10 percent of staff…