Nike to hike prices on certain products as part of seasonal adjustment

Nike volition rise prices for immoderate of the sporting goods maker's shoes, covering and instrumentality starting this week, according to a idiosyncratic acquainted with the matter.

The terms hikes volition impact lone definite products, they said. 

Footwear priced betwixt $100 and $150 volition spot increases of up to $5, portion items priced astatine $150 oregon higher volition spot increases of up to $10. Nike volition besides summation apparel and instrumentality prices by $2 to $10. 

"We regularly measure our concern and marque pricing adjustments arsenic portion of our seasonal planning," Nike said successful connection shared with CBS MoneyWatch.

Prices for Nike Air Force 1 shoes, 1 of the company's astir fashionable products, volition stay the same. The shoes retail online for $115. 

Nike children's footwear, products nether $100 and Jordan apparel and accessories volition besides beryllium exempt from terms hikes, the idiosyncratic acquainted with the substance said.

Share prices for the diversion apparel institution were up 1.9% successful aboriginal greeting trading.

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