Nike’s LeBron Sneakers
Nike shares soared since the recession as it continued to report solid growth, plunged 10% in June after it reported profit dropped nearly 8% from a year earlier to $549 million, or $1.17 a share. Shares closed at $95.77 on Monday and are now flat for the year after hitting an all-time high of $114.81 on May 3. But checking this Nike is charging $300 for sneakers. Gone are those days when we use to get ”J’s” for $100. I think because of his recent win NIKE is raising the price of the new LeBron James sneaker to test their limit. At this time when people can barely put food on their table and NIKE is trying to make up for the high paying labor, material and shipping cost for it’s sneakers. I say paying $300 for sneaker is too much but if that is the case, they better be made in the USA. If you have not being noticing the price of NIKE shoes and clothing have being going up about 5% and 10% respectively as well as their stock price. Coming in fall is the new LeBron X Nike Plus will cost $315. LeBron X Nike Plus will be embedded with motion sensors that can measure how high players jump. The LeBron 9 PS Elite basketball shoes is retailing for $250, feature Nike’s signature swoosh in metallic gold. Who is buying this kick at $300 please post your comments because this is so Crazy!!!!!!!!!!!