Kicks: Nike Set to Increase Price$ Across the Board! Oh no!!!

Just maintaining your sneaker game is very expensive, and The Crown holder of the Footwear game is about to make it even more expensive. According to Sneaker News “Due to rising costs of cotton, oil, and transportation, Nike, in a statement made by CFO Don Blair during a conference call to analysts on March 18th, will offset those increased costs by raising prices “across the board”. Nike’s financial year ends on May 31st, which could signify these higher prices arriving soon, and with Nike’s Global Growth Strategy of blossoming into a $27 billion company by 2015, the sneaker-buying public has no choice but to pony up the extra dollars, or give up the game for good. The good news is that Nike has the world’s most creative CEO in Mark Parker, so hopefully the minds behind the swoosh can devise alternative counteractive solutions to rising costs of materials without hurting the consumer”. What do you think about this? The full article is after the jump, so give it a quick look and let us know what you think at [email protected] @DJJUANYTO


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