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StockX hits back at Nike over claims of counterfeit shoe sales

StockX hits back at Nike over claims of counterfeit shoe sales

Online resale marketplace StockX is hitting back at Nike’s claims that the site has been allowing sales of counterfeit versions of its sneakers. StockX, in a response to Nike’s allegations, defended its anti-counterfeiting measures and said Nike itself had previously praised them, according to a draft of a court filing seen by CNBC. The response…

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E-Commerce Tracking Firm Route Hits .25 Billion Valuation As Online Sales Explode

E-Commerce Tracking Firm Route Hits $1.25 Billion Valuation As Online Sales Explode

Route cofounder and CEO Evan Walker: He sold his first e-commerce startup at age 19 for more than $10 million. Now, at 41, he’s running a unicorn. Courtesy of Route With e-commerce booming, consumers increasingly want to know, “Where’s my order?” Three-year-old package tracking firm Route aims to answer that question in real time with…

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