Would you buy these basketball shoes for $315?
Nike is selling LeBron James’ new basketball shoes for $315. No, that’s not a typo. Nike blames the absurd price on the “increased costs of materials” such as cotton and shipping costs. The ‘LeBron X Nike Plus’ shoes debuted during the USA vs Spain gold medal game at the 2012 London Olympics.
LeBron’s 1st sneaker release was in 2003. That shoe sold for $110. The price increase comes as Nike continues its free-fall in the stock market. Nike’s margins are now lower than most of its direct competitors, including rival Adidas, according to the Wall Street Journal.
Critics of Nike’s price increases are taking to social networking websites to urge others not to buy the high-priced sneakers.
“Prices are getting crazy excessive and as long as we continue to buy sneakers, Nike is going to keep increasing the prices,” Donell Brown, 30, told the WSJ.
Nike is “not arbitrarily taking up prices,” Nike spokeswoman Mary Remuzzi told WSJ. “We are constantly looking at ways to enhance the product line with new innovation and product attributes.”
Nike attempted to justify the price increase by including some electronic technology in LeBron’s shoes. The Nike LeBron X comes with motion sensors that tells you how high you jump.
Nike also set new safety rules for retailers selling their shoes to unruly customers who camp outside the stores and cause stampedes, resulting in injuries in the past.
According to an internal Nike memo obtained by the Wall Street Journal, retailers can no longer pre-sell or take reservations for new shoes. The stores must beef up security when new products are launched, and stores must discontinue midnight sales to discourage sneaker scalpers from camping outside the stores.
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Photo: Christian Petersen/Getty Images Europe
30 Responses to “Would you buy these basketball shoes for $315?”
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nike, NOONE is going to camp out for those. seriously..
I bet these shoes cost $10 to make. Nike isn’t fooling anyone.
$315!!!! No thanks!
Good Morning
@kingstonn they will camp out for this, trust me on that!!! It’s very sad that “we” value materialistic items more than education, mortgages,religion, etc.:no:
No, but I am sure some foolish person is going to buy it. Mostly go behind in their rent for them
No.
@ aj
i don’t think anyone will camp out for em. i just can’t see it
Jordans don’t even cost $315…
@ Black Daria:
Or allow their rent to become past due to buy them for their kids.
I want those track shoes the runners were wearing.
goooood Morning Roses..
AaauGH NO i wouldnt buy em!
@ trend
thank you! and people shoot over Jordan’s.
That octagenarian in the face dude is no Michael Jordan!
@ ShoeStalker
Exactly. One of my associates did something like that, and then had the nerve to ask people for money when the courts came after her for back rent
Usher just got bitch-slapped in court — a judge has ordered him to REOPEN his ex-wife’s Saks Fifth Avenue credit card in his name … after the singer closed the account last year.
The closed Saks card was just one of Tameka Raymond’s many grievances in her ongoing custody fight against Usher — and now, the court has taken her side … holding the singer in contempt for pulling the plug on her fancy charge account.
Tameka claims she needs the account to do her job as a stylist.
As for the other grievances — Tameka said Usher owed her cash for the nanny bill … and continually failed to keep her in the loop about where and when he traveled with the kids.
The court agreed … and awarded Tameka $1,300 for the nanny.
The judge has yet to determine the ex-couple’s custody and support issues
Nope
@ Iheart
Is it a good show to watch? And what makes her that way lol
There had to be a reason why a judge originally ordered him to pay for a CC. Then he was held in contept and ordered to re-open. Interesting indeed.
kingstonn says:
@ aj
i don’t think anyone will camp out for em. i just can’t see it
_______________
Yes, they will, it’s ignorant people everywhere.
Morning everyone…
And I’m callin bs on Nike’s excuse for the absurd price.
Yes, she is a complete nutcake. I sweater to swee baby jesus I want to slap some MAN into her husband. He takes bishassness to a whole different level.
NOPE. And i’ll slap the shyt out of my brothers if they even suggested I buy them these ugly ass sneakers.
Actually all of his sneakers are fugly but as long as these idiot ass ninjas camp out for em, they’ll keep making them. SMH I’ve never seen no shyt like that growing up but its a new day. Same thing with them ugly foamposites.
Anywhoo…Chiiiile L&HHATL and R&B Divas had me like
@Daria, I think it is very good so far. Last night was the first ep and that chick showed her crazy to the fullest!! She has hubby by the balls. He can’t have friends, she doesn’t trust him at all, and she won’t LET him have a facebook page. Need I go on?
Morning All!!!
Heyuhl NAW!!
This is why my son is being groomed in the world of RALPH LAUREN!!!
#UglyAssShoes
Good morning beautifuls!!!!!!
Iheart says:
Nope
Can we discuss R&B diva’s?? Keke Wyatt is fukking NUTZ!!
_____________________________
we’re in the post downstairs discussing it
I like R&B Divas…at least all of them have talent
I don’t want Nikki to ever wear that dress she wore to the baby shower again. She looked like Madea in the flesh. Her mouth annoys me as well.
I like Syleena but damn if she ain’t struggling smh
Monifah is cool too, she seem real chill a bish you can smoke and drink with
Faith-blah.
Keke. OHHHH Keke. Bytch is nuts. The Epitome of insecurity and to see it play out like that is sick. She needs to deal with leftover issues from her past marriage cuz a nig is gonna do what he wants to do whether or not you have him everywhere with you.
@ Iheart
No, you dont lol. I am going to look online and watch it. I am sure the episode is up somewhere.