Nike Announces Price Hikes on Footwear and Apparel Starting This Week
Nike plans to increase prices on a range of its products, including footwear, apparel, and sports equipment, starting as early as this week. The adjustments, which will not affect children's products or items priced under $100, are part of Nike's seasonal pricing strategy. The company has informed its wholesale partners of these changes, which will see adult apparel and equipment prices rise by $2 to $10, while footwear priced between $100 and $150 will increase by $5, and those over $150 by $10.
Key Points
Nike will raise prices on its footwear, apparel, and sports equipment.
Price increases will range from $2 to $10 for adult apparel and equipment.
Footwear priced between $100 and $150 will increase by $5, while those over $150 will rise by $10.
The price hikes will not affect children's products or items under $100.
Changes are expected to take effect no later than June 1, with some adjustments appearing on store shelves this week.
Nike's decision is part of its regular seasonal pricing adjustments and not due to tariffs.
Nike previously co-signed a letter warning about the impact of tariffs on footwear businesses.
