Nike is undergoing aggressive revisions to its rules for reselling merchandise. The worldwide sneaker reselling market reached $6 billion in 2019.

Nike Cracking Down on Sneaker Resellers

And Nike revising its rules in a huge blow to sneaker resellers. Nike says it could cancel sales, refused to issue refunds and even cancel the accounts of buyers that the company determines intend to resell its merchandise. So be careful. Nike has long made statements against the resale market. This is a new, aggressive step toward limiting bodies, or using automated bots software to immediately purchase newer restocked products. As of 2019, the sneaker resale market was worth six billion. It could increase to as much as 30 billion by 2030, according to Cowen.