Nike cuts ties w/ wholesale accounts, Ntwrk partners with TikTok for virtual festival, Best Buy product shortages crimped Q2 gains, Facebook new e-commerce features

Today’s Top Talk Powered by FastSensor and Delivery Solutions

1. Nike will no longer sell to nine major wholesale accounts, including Belk, Dillard’s and Zappos, according to Susquehanna Financial Group. Story by Katie Abel.
2. Ntwrk partners with TikTok to hold a virtual festival with shippable hype gear. Reporting from KC Ifeanyi.
3. Best Buy’s online sales surged in the latest quarter but executives said product shortages crimped the gains. Coverage from Dave Sebastian.
4. Facebook is announcing a number of new e-commerce features both within the main Facebook app and on Instagram. Story from Anthony Ha.

Source: Nike Will No Longer Sell to Zappos, Dillard’s & These Big Retailers, Analyst Says | Footwear News

Source: Ntwrk virtual Transfer event wants to re-create the magic of a ComplexCon for the COVID era | Fast Company

Source: Best Buy’s Growth Is Crimped by Product Shortages | WSJ

Source: Facebook is bringing a Shop section to its app, while Instagram expands Live Shopping | TechCrunch

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