Nike will raise prices for some of the sporting goods maker’s shoes, clothing and equipment starting this week, according to a person familiar with the matter.
The price hikes will affect only certain products, they said.
Footwear priced between $100 and $150 will see increases of up to $5, while items priced at $150 or higher will see increases of up to $10. Nike will also increase apparel and equipment prices by $2 to $10.
“We regularly evaluate our business and make pricing adjustments as part of our seasonal planning,” Nike said in statement shared with CBS MoneyWatch.
Prices for Nike Air Force 1 shoes, one of the company’s most popular products, will remain the same. The shoes retail online for $115.
Nike children’s footwear, products under $100 and Jordan apparel and accessories will also be exempt from price hikes, the person familiar with the matter said.
Share prices for the athletic apparel company were up 1.9% in early morning trading.
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