Nike Lebron X

Lebron James has one of the biggest shoe franchises in shoe history. Recently everyone was given a preview of his upcoming shoe model the Lebron X (10) that is due out later this year. A follow up from the Lebron 9 and Lebron 9 P.S. Elites, The Lebron 10s hit buyers with a price tag of $250. If that wasn’t enough, Nike is placing a $315.00 price tag on the new model. According to the WSJ, Nike says the price mark up is due to labor costs in China and the jump in cotton rates. Could this reflect on the whole fashion industry?