Nike (NKE) plans to raises prices on its shoes to account for higher labor and materials costs,...

|About: Nike Inc. (NKE)|By:, SA News Editor

Nike (NKE) plans to raises prices on its shoes to account for higher labor and materials costs, especially in China where a third of its shoes are manufactured. The first test of consumer reaction to the hikes will come this fall when the Lebron X debuts on the market for around $315.