Why do nike shoes increase in price every year?

Discussion in 'Shoes and Apparel' started by rafaelnadalfan1234, Jan 18, 2012.

  1. rafaelnadalfan1234

    rafaelnadalfan1234 Rookie

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    the courtballistecs and vapors are 130$. last year they were 125 and the year before 120$. i really think 130 is not worth it when the shoes last me like 3 months despite the 6 month warranty
     
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  2. abcman

    abcman New User

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    cost, labor fee, etc..
     
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  3. Bartelby

    Bartelby G.O.A.T.

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    ... because they can. Given the parlous state of the economy, price deflation is the new norm ... so they think their marketing can make you pay whatever they ask ... so far they're right
     
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  4. parasailing

    parasailing Hall of Fame

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    So long as Fed and Nadal are sponsoring their line of apparel and shoes, Nike can charge whatever they want and most people will still buy it.
     
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  5. stormholloway

    stormholloway Legend

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    Surely you mean inflation?
     
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  6. BigboyDan

    BigboyDan Semi-Pro

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    'Cause suckers keep buying them.
     
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  7. Can't think of a name

    Can't think of a name Rookie

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    its simple.. Nike likes money
     
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  8. 813wilson

    813wilson Rookie

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    you tell me. your own name progresses upward - 1234....
     
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  9. Rattler

    Rattler Rookie

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    Simple economics, they charge what consumers are willing to pay.
     
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  10. lim

    lim Rookie

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    Greed. Nike shoe prices have increased across the board in nearly all sports. I do believe they had the gall to release a recent statement claiming it was due to increases in material cost though.:???:
     
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  11. ruripi

    ruripi Rookie

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    its so simple. dollars are weaker than 2 years ago.
     
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  12. Bartelby

    Bartelby G.O.A.T.

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    A lot of prices are going down, but not all obviously, so there is a lot of price deflation in the system.



     
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  13. Say Chi Sin Lo

    Say Chi Sin Lo Legend

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    Cause it's Nike. They can look like clown shoes and people will still buy them.
     
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  14. trebbor

    trebbor New User

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    In Europe, or Netherlands at least, they always are 125 euro every year. But we have enough reliable and good internet shops that sells them for around 110 euro.
     
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  15. TennisLovaLova

    TennisLovaLova Hall of Fame

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    TW has indeed the best prices.
     
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  16. JoelDali

    JoelDali G.O.A.T.

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    The Vapor 9 is transforming the lives of rec players up and down the west coast. These shoes are revolutionary. So much so that Roger chooses not to actually wear the retail version in public because of their infinite holiness.
     
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  17. Ramon

    Ramon Hall of Fame

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    Why does Nike raise prices? Because people are dumb enough to keep buying them!!
     
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  18. Bartelby

    Bartelby G.O.A.T.

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    They're the adolsescent fantasy object in terms of shoes.
     
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  19. 2ManyAces

    2ManyAces Rookie

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    I just wait until a new line comes out and the old prices go down. Then BOOM one pair of vapor 9 for 50 dollars less.
     
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  20. decades

    decades Guest

    what's rafa wearing at the French this year??!!!

    that's why.
     
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  21. Boricua

    Boricua Hall of Fame

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    How much do they cost iniatially? Maybe 10 bucks. They are mass produced items not handmade, but some fall into the trap of buying these overpriced items that will last maybe 6 months in good condition.
     
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  22. Ramon

    Ramon Hall of Fame

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    I think you're right. Tennis shoes are marked up for demand, not for cost. I think $60-80 will get you the best quality and performance available today. This includes discontinued models that are marked down and perfectly good shoes that have never appealed to the fashion crowd. If you spend more than that, you're paying for fashion and marketing.
     
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  23. The_Question

    The_Question Hall of Fame

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    Eh, no. Tell that to the Chinese and Vietnamese workers.

    That!

    And that too.
     
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  24. chay337

    chay337 Rookie

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    Or more!

    People buy them because they're good.

    I usually get them on sale because technology and material is the same most of the time. Same fuctional benefits for less is a good thing in my book. Especially, when Nike is just changing the colors of the newer issue.
     
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  25. volleygirl

    volleygirl Semi-Pro

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    Because Phil Knight is improving the working conditions in the Chinese sweat shops where the shoes are manufactured. When you purchase an extra fan for each sweat shop, someones gotta pay for it and its sure not gonna be Phil.
     
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  26. kimguroo

    kimguroo Hall of Fame

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    Ask Pros to take less $$$ from Nike, especially fed and nadal haha.

    I am not sure about their contracts but I think pro players endorsement money might be going up higher and higher too.

    for example, if some one has 100 mil contract over 10 years, company might not offer 10 mil per a year. I think their contract looks like this.
    1-2 yr. 8 Mil per a year = 16 mil
    3-4 yr. 9 Mil Per a year = 18 mil
    5-6 yr. 10 Mil per a year = 20
    7-8 yr. 11 Mil per a year =22 mil
    9-10 yr. 12 Mil per a year = 24 mil
    =======================
    Total = 100 mil.

    I don't think tennis population numbers grow significantly every year so there are limited number of products which Nike can sell every year but cost of operations are higher (higher labor, materials.... etc) . what can they do???? Only option will be...increase price of products.
     
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  27. TennisCJC

    TennisCJC Legend

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    Because the public keeps paying the outrageous prices. Buy another brand or the lower price brand. Nike CEO has to make millions more each year to fund his 5,000 arce ranch in Montana at the expense of 3rd world workers who make less than $10K a year. And, the whole time the CEO will be complaining about US corporate tax rates and how US environmental regulations and US unions force him to move production outside the US which is all a big lie as he just wants to pay $2 per hour for labor and dump the factory waste in the closest river to save money for his next ex-wife's alimony payments. And, then the politicians tell us we need to cut corporate tax rates to increase US jobs which the CEO of Nike paid them to say so he can fund his next 25 year old girl friend with the savings. Capitalism at its best.
     
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  28. volleygirl

    volleygirl Semi-Pro

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    I agree with most of your post but youre crazy if you thnk Phil Knight is paying those workers in the Chinese slave shops $10k a year. More like $2K if they work plenty of overtime everyday of the year.
     
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  29. Thud and blunder

    Thud and blunder Semi-Pro

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    For the same reason dogs lick their privates...because they can.
     
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  30. CDestroyer

    CDestroyer Professional

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    I dont know about anyone else but I have totally stopped buying Nike tennis shoes. I get the Princes or New Balance with the 6 month warranty. Lighter on the feet and the wallet.

    Jam it Nike.
     
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  31. jtrain_36

    jtrain_36 Rookie

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    If people keep buying them, Nike can charge whatever they want unfortunately.
     
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  32. Pink_Shirt

    Pink_Shirt Rookie

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    Same goes with all of their clothing.
     
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  33. carrwash13

    carrwash13 Rookie

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    mostly because material and labor costs have increased greatly. They have to hit the same profit margins or their stock drops so they raise prices.
     
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  34. West Coast Ace

    West Coast Ace G.O.A.T.

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    And maybe even less. Foxcomm workers where iPhones are assembled barely make that - and electronics is tougher to assemble than shoes.

    They'll keep doing the $5/yr increase until they take a significant hit in sales.
     
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  35. Homeboy Hotel

    Homeboy Hotel Hall of Fame

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    It's price inelastic!

    Double the price and people will still buy them simple cos Fedal are wearing them, and they think it will make them play like them.
     
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  36. kingofstring

    kingofstring Banned

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    All they want is money and they use the cheapest product but people like the shoes so they can keep it up!
     
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  37. WildVolley

    WildVolley Legend

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    Nike was not only an innovator in making overly-cushioned running shoes but also in raising athletic shoe prices. They first sold a MJ basketball shoe for over $100 in the 1980s!:shock:

    Adjusted for inflation, that would put that shoe at over $200 today. So, comparatively today's shoes are not absurdly expensive.

    I don't normally pay attention to Nike shoes in any case as they are mostly too narrow for me.
     
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  38. nn

    nn Hall of Fame

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    Never buy retail price but look out for sale on color and old model. I mean you can get it for 60-80 (even at factory store cheaper but it is hit and miss)
     
    #38
  39. West Coast Ace

    West Coast Ace G.O.A.T.

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    Yes and no. By the time TW reduces them they may be out of your size. And the outlet stores don't always carry a lot of tennis gear - or a particular style.
     
    #39
  40. Chyeaah

    Chyeaah Professional

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    +1. But i really want Tomic shoes and a Hewitt Yonex shirt. Their sooo expensive.

    Went to america last year, i was stunned for find the Nike Eclipse shoes for $50 + tax from some outlet. So im using them for tennis shoes now.
     
    Last edited: Jan 22, 2012
    #40
  41. West Coast Ace

    West Coast Ace G.O.A.T.

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    ^^^^^ Get a job! Even if you're a student, there has to be something you can do for your family/neighbors to earn some extra loot.
     
    #41
  42. stormholloway

    stormholloway Legend

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    Check the dollar chart some time. Dollars are not constantly valuable.
     
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