Nike to Start Offering Refurbished Discount Sneakers

Rhian Hunt, The Motley Fool
·2-min read
Nike to Start Offering Refurbished Discount Sneakers

Getting in on the surging secondhand clothing market, Nike (NYSE: NKE) revealed a new "Nike Refurbished" line of sneakers and athletic shoes, in which returned shoes are cleaned up and put on sale for a reduced price. The press release says additional stores will be added over the course of the year, and international availability is also planned. Nike says it will offer three grades of Nike Refurbished footwear.