Retail News

Nike institutes new rules to block sneaker-buying bots

The Wall Street Journal 10/13/2022

Nike is looking to take control of its resale market. The athletic wear company has updated its terms of service to allow it to cancel orders placed with automated purchasing software or technology on its site or apps. It also said it would charge restocking fees, decline to issue refunds or suspend accounts of people who are buying its products with the intent to resell them.

Source: The Wall Street Journal


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