Nike’s new LeBron X will retail for $315 when it hits stores this fall, up $145 from his last shoe that came out earlier this year.
This is just flat out ridiculous. I remember paying $80-100 back in the day for some Nike Huarache’s, and that was a lot back in the 90′s. Today, I’d rather pay a bill. Why is Nike charging so much for some shoes?
Nike attributes the price hike to rising labor costs in China and a jump in cotton prices.
Nike would be smart to look to move their operations somewhere else, no? But hey..it’s Nike…they are the kings so we will buy them. Not me, but you!
What does Lebron James have to say about the price increase?