LaVar Ball claims that his Baller brand debuted with over $250,000 in sales of his son Lonzo’s new shoe which is costing an absurd $495. Other figures that came out over the weekend said that the shoe sold no more than 300 units. Obviously someone is wrong and in a big way. But let’s not get into specifics. Let’s not even get into how disgusting everyone thinks LaVar and his sky high prices are. Let’s get an objective opinion of someone who’s actually in the apparel business.
Daymond John of ABC’s Shark Tank, decided to share his opinion on this whole LaVar Ball charade. John spoke about the shoe of the moment Monday on the Rich Eisen Show, saying he understands what Ball is doing with a signature shoe but he worries the patriarch of the Big Baller Brand needs to be careful not to grow too quickly or alienate customers before they ever deliver a product. And that product, he warned, better be good. (Via Uproxx)
“It’s a good gamble,” said John, who started FUBU independently and joined the cast of Shark Tank in 2006. “I probably don’t disagree with him but he has to be careful.” When asked about the high price, John said,
“That’s a little raw,” John said. “That’s a little in your face because honestly, I’m a ‘big baller,’ I promise you that, but I’m not paying $500 for shoes.”