Sunday, March 27, 2011

Nike To Increase Prices On All Models & Cut Back On Boxes

Due to the rising costs of cotton, oil and transportation, Nike will reportedly increase prices on each and every one of their sneaker models. Aside from the price increases, Nike will also cut back on the amount of cardboard it uses for every sneaker box they produce. Check out a sample of what the new sneaker box will look like.

The news caused Nike share price to drop sharply.

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