21 Aug '12, 3pm

The new LeBron James basketball sneakers will cost about $315 $NKE

NEW YORK (MarketWatch) -- Nike Inc. /quotes/zigman/235840 /quotes/nls/nke NKE +0.34% will charge about $315 for a pair of their new LeBron X basketball sneakers as part of an overall price hike for its athletic shoes, The Wall Street Journal reported on Tuesday. Overall, Nike will raise shoe and clothing prices by 5% to 10% in the face of increased costs for labor, materials and shipping, the newspaper reported, citing analysts. The new LeBron X shoe, named after LeBron James, who led the Miami Heat to win the NBA title in June, will feature motion sensors that measure how high the wearer jumps, the newspaper said. Currently, the LeBron 9 PS Elite basketball shoe sells at retail for $250.

Full article: http://www.marketwatch.com/story/nike-charging-315-for-ne...

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