HomeEconomyNike will increase its prices by 5 to 7%, but certain flags...

Nike will increase its prices by 5 to 7%, but certain flags of the brand are not affected

Nike announces an increase in its prices in the United States in certain product categories, while saving the legendary Force Air Force 1.

It is a limited increase, but an increase anyway. The provider of American sports teams Nike will increase its prices in numerous articles in the United States on June 1, the group told AFP on Wednesday, without linking this decision with a particular factor, but which occurs in a context of new customs tasks.

All children’s products are exempt, pieces of less than $ 100, Air Force 1 shoes and Jordan brand objects that are not shoes.

For the sneakers whose price is currently between $ 100 and 150, the increase will rise to $ 5, while for the soldiers more than $ 150, it will reach, at most, 10 dollars, or increases between 5 and 7%.

Nike has most of its products made in China, Vietnam and Indonesia.

The limited impact of customs tasks

In early April, Donald Trump imposed customs duties to the commercial partners of the United States. He suspended a portion a week later, for a period of 90 days, the time to reach the commercial agreements.

As is, most are still subject to 10% of customs tariffs, Chinese imports in the United States are the subject of 30% customs prices.

When asked about the possible link between these price increases and customs tasks, Nike explained that possible variations in their prices were never linked to a particular factor, but to a conjunction of elements.

Author: HC with AFP
Source: BFM TV

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