Home BusinessNike Announces Price Hikes on Shoes and Apparel Amid Global Cost Pressures

Nike Announces Price Hikes on Shoes and Apparel Amid Global Cost Pressures

by Sonia Park
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Nike Announces Price Hikes on Shoes and Apparel Amid Global Cost Pressures

Nike confirms it will implement a round of price increases on a wide range of its footwear, apparel, and sports equipment beginning next month. The global athletic brand, headquartered in Beaverton, Oregon, cites ongoing cost pressures and seasonal business adjustments as the key drivers behind the decision. The move affects most of Nike’s product categories, though some fan favorites—like the iconic Air Force 1—are notably exempt.

https://youtu.be/aISOKuHmB4k

According to company officials, the upcoming changes will raise prices on shoes currently priced between $100 and $150 by approximately $5. . .

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