Nike will sell much cheaper self-lacing shoes next year

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Good news for the fashion forward and lazy alike — Nike is bringing back its self-lacing sneakers for another go. And this time they’re going to be significantly cheaper. Granted, $350 is still more than most of us pay for a pair of kicks, but it’s less than half their original $720 asking price.

Details are pretty thin. CEO Mark Parker touched on the news during an earnings call, stating,  “I’m excited to announce that in the new year we’ll launch a new adaptive performance platform in basketball at the $350 price point. We have a smart shoe designed for the perfect fit, and it’s a major step in advancing and connecting our digital transformation to product.”

How closely they’ll resemble the original Hyperadapt — among other pertinent details — remains to be seen. That said, Nike’s been pretty clear that the goal has been dropping the price all along in an attempt to move away from sheer novelty. When I tested them back in 2016, an exec told me, “This is a concept car.” In 2019, it seems they may finally be ready for full production.  $350 isn’t quite a populist price point, but marks a move toward helping mainstream Marty McFly’s long unrealized dreams.

Written by Brian Heater
This news first appeared on https://techcrunch.com/2018/12/21/nike-will-sell-much-cheaper-self-lacing-shoes-next-year/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29 under the title “Nike will sell much cheaper self-lacing shoes next year”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.