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Nike China: No Price Hike Info Now; Any Price Tweaks To Be Announced Timely
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Nike (NKE.US) is said to ramp up prices for most products starting this week in response to tariffs, with the price hike taking full effect from June 1. Nike China's official customer service said that no relevant price hike information is available at present, and product price adjustments, if any, will be announced timely, Chinese media quoted its response as saying. The prices of Nike's adult clothing and sports will rise by USD2-10; shoes priced USD100-150 will see price rise of USD5; and sports shoes priced above USD150 will see rise of USD10, report told. AASTOCKS Financial News Website: www.aastocks.com |
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