BusinessPostCorner.com
No Result
View All Result
Saturday, July 18, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Nike to hike prices as it faces tariffs uncertainty

May 22, 2025
in Business
Reading Time: 2 mins read
A A
0
Nike to hike prices as it faces tariffs uncertainty
ShareShareShareShareShare

Nike says it will raise the prices of some products from 1 June, with the increases hitting everything from shoes to clothing.

The sportswear giant says it is making the changes as part of “seasonal planning” and did not mention US President Donald Trump’s tariffs policies that have upended global trade.

The firm also says its will sell products directly to Amazon in the US for the first time since 2019.

Last month, rival firm Adidas warned that levies imposed by Trump will lead to higher prices in the US for popular trainers including the Gazelle and Samba.

From next Sunday, most Nike shoes that cost more than $100 (£74.50) will see prices rise bay as much as $10.

Prices of clothing and equipment will also be raised by between $2 to $10.

The popular Air Force 1 trainers as well as shoes that cost less than $100 will be exempted from the price hikes. Children’s products and Jordan branded apparel and accessories will also be excluded.

Nike’s move was driven by a range of internal and external factors, the BBC understands.

“We regularly evaluate our business and make pricing adjustments as part of our seasonal planning,” a spokesperson said.

Companies around the world are contending with the uncertainty of Trump administration’s trade policies.

A slew of steep so-called “reciprocal tariffs” which were announced on 2 April were put on hold as countries from around the world negotiate with the White House. The 90-day pause is due to expire in early July.

On Wednesday, UK sportswear retailer JD Sports said higher prices in its key US market due to tariffs could hit customer demand.

Almost all Nike trainers are made in Asia – a region targeted by Trump’s tariffs salvo against foreign countries he accuses of “ripping off” Americans.

Goods from Vietnam, Indonesia and China faced some of the heaviest US import taxes – between 32% to 54%.

On Thursday, Nike also said it will once again sell its products directly Amazon in the US.

It had previously listed its goods on the platform, but stopped six years ago to focus on its official website and physical stores.

Nike relies heavily on the US for sales. The the world’s biggest economy accounts for almost everything it sells in its largest market of North America.

However, a slump in sales has curbed the company’s ability to command full price for its products.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Chipotle employees are rising through the ranks and making 6 figures after Guild suggested a simple switch that transformed the workforce

Next Post

Singapore flags recession risks after strong start to 2025

Next Post
Singapore flags recession risks after strong start to 2025

Singapore flags recession risks after strong start to 2025

Buffett calls Bill Gates relationship with Epstein ‘distasteful’

Buffett calls Bill Gates relationship with Epstein ‘distasteful’

July 15, 2026
Judge says Donald Trump’s IRS lawsuit had no ‘basis in law or fact’

Judge says Donald Trump’s IRS lawsuit had no ‘basis in law or fact’

July 13, 2026
Celebrity influencers paid up to £1m to promote deodorant on social media

Celebrity influencers paid up to £1m to promote deodorant on social media

July 15, 2026
Euro Car Parks being investigated over petrol forecourt parking tickets

Euro Car Parks being investigated over petrol forecourt parking tickets

July 16, 2026
Messi punishes England to drive Argentina into World Cup final

Messi punishes England to drive Argentina into World Cup final

July 16, 2026
How Adobe’s CMO is preparing for AI-driven brand discovery

How Adobe’s CMO is preparing for AI-driven brand discovery

July 14, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Trump monetizing his social media account is ‘odious’ and ‘brazen corruption’ — or an attempt to revive a 70% stock price crash since election

Trump monetizing his social media account is ‘odious’ and ‘brazen corruption’ — or an attempt to revive a 70% stock price crash since election

July 18, 2026
Landon Donovan: ‘There is zero chance I could have played club soccer’ because of high costs

Landon Donovan: ‘There is zero chance I could have played club soccer’ because of high costs

July 18, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!