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Nike Stock Hits All Time High, In Wake Of Controversial Colin Kaepernick Ad

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Nike says they are now reselling returned sneakers at a discount in select stores. The company says it’s an effort to help reduce waste. As a part of the initiative announced Monday, Nike will accept returned shoes either lightly-worn or with a manufacturing flaw and then clean and sanitize them. The shoes will then be resold in select stores at a reduced price. There are eight stores currently selling the returned shoes in the US, but the company says that will expand to 15 locations by the end of the month.

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Source | CNN