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(Marketwatch)   "Good condition. Gently worn and cared for. From a non-smoking pair of feet"   (marketwatch.com) divider line
    More: Followup, Dow Jones Industrial Average, Nike Inc., ThredUp CEO, Nike, Inc., Nike Refurbished, secondhand market, BMO Capital Markets, Poshmark Inc.  
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688 clicks; posted to Business » on 14 Apr 2021 at 5:20 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



4 Comments     (+0 »)
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2021-04-14 6:24:41 PM  
People already do this with Jordan's
 
2021-04-14 11:18:02 PM  
"Returned items that don't make it back on the shelf will become part of the Nike Grind program, which destroys merchandise"

Sounds like they are trying to take the Tesla approach of dominating their used market to generate more scarcity.
 
2021-04-14 11:23:00 PM  
Oh and the idea of refurbing shoes that are designed not to be repairable is hilarious to me.
 
2021-04-15 10:00:35 AM  
So instead of writing the used shoes off and recycling them for the $5 of materials in them, they will wipe them off, squirt bowling alley rental shoe spray into them, and put them back on the shelf for $15 off the original $150+ price. Totally doing it for the environment. No monetary incentive involved.
 
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