Price Tag
Source: Nike / Nike
The sneaker game is about to get even more interesting. Nike is set to raise their pricing starting this summer.
As exclusively reported by Complex, the global apparel company will be charging more for their goods. According the story Nike will be increasing price points by $2 to $10 dollars depending on the item. The company apparently formally notified their retail partners and authorized distributors earlier this week. This new plan will impact consumer pricing starting in June while the wholesale pricing is set to take place in July. In an statement to Complex they detailed their decision saying “we regularly evaluate our business and make pricing adjustments as part of our seasonal planning.”
There will be products excluded by the increase; specifically, all footwear under $100, all kids items and Jordan apparel and accessories. Thankfully, the classic Nike Air Force 1 model, which usually retails for $115, will not be impacted by the new pricing plan. Nike says these exclusions were considered so “everyday consumers” can still shop with confidence. Nike has not explicitly confirmed that the pricing increase is due to President Trump’s newly imposed tariffs but claims “expected inflation” and “economic conditions” influenced their strategy.
HipHopWired Featured Video
HipHopWired Featured Video
Source: Prince Williams / ATLPics.Net
Cardi B continues to be the voice of the people. Her recent vide rant on inflation is everything and then some.
As spotted on CNN the Bronx, New York native recently felt a ways after her last grocery pick up. She took to social media to vent and it started with a tweet that explained her frustration. “Naaaaaa grocery shopping prices are ridiculous right now You might as well eat outside !!” she wrote. She followed things up with a second post with some receipts saying “B*** why lettuce cost 6 dollars where I live at ?”.
As expected her opinion was met with both support and criticism online. She soon filmed a video explaining why she feels so appalled at the soaring prices of food. “Let me tell you somethin’: When I be complaining about food prices, and y’all motherf***ers be like, ‘Ain’t you rich? Why you complaining about this?’, that just goes to show me, when you become successful, when you have money, you gonna go broke soon because y’all not budgeting,” she said.
Bardi went on to further detail her stance. “I get a summary of the money that’s being spent in my home every week. So, when I’m starting to see that groceries is, like, tripling up, it’s like, ay, yo, what the f*** is going on? I wanna see for myself what the f*** sh*t is being spent on, and when I go to the f***ing supermarket — I went to the supermarket — I’m seeing that everything tripled up” she revealed. “That lettuce was, like, $2 a couple of months ago, and now, it’s like f***ing $7. Of course, I’ma say something! The f***! ‘Cause if I think that sh*t is crazy, I can only imagine what middle-class people or people in the hood is motherf***ing thinking. So, yes, I’m going to say something”.
You can watch the entire clip below.
Photo: Bernard Smalls
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