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RetailGlobal 500

Nike’s Self-Lacing Sneakers Won’t Actually Cost $1,000 A Pair

By
Kevin Lui
Kevin Lui
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By
Kevin Lui
Kevin Lui
Down Arrow Button Icon
November 14, 2016, 9:45 PM ET
A Nike Golf display featuring Tiger Woods is shown at a golf shop on December 12, 2009 in Orlando, Florida. Woods announced that he will take an indefinite break from professional golf to concentrate on repairing family relations after admitting to infidelity in his marriage. Woods has a line of golf products offered by Nike Golf. (Photo by Getty Images)
A Nike Golf display featuring Tiger Woods is shown at a golf shop on December 12, 2009 in Orlando, Florida. Woods announced that he will take an indefinite break from professional golf to concentrate on repairing family relations after admitting to infidelity in his marriage. Woods has a line of golf products offered by Nike Golf. (Photo by Getty Images)This content is subject to copyright.

We in 2016 still don’t have flying cars yet, but Back to the Future has successfully predicted something other than Donald Trump.

After giving away special edition MAG sneakers — modeled after the pair of self-lacing shoes worn by Michael J. Fox in Back to the Future Part II — in a raffle for Fox’s foundation fighting Parkinson’s disease, Nike (NKE) will be releasing mass-produced sneakers that tie themselves up in select stores in December, Mashable reports.

The Nike HyperAdapt comes with cables and pressure sensors that would adjust its laces to fit the wearer’s feet, with the option to adjust tightness by pressing buttons near the tongue. Apart from being able to lace themselves, these sneakers also come with LED lights on the soles that are not only cool, but also act as battery level indicators. The built-in lithium-ion batteries should last two weeks after a full, three-hour charge via a wireless charging dock, the report says.

Nike announces official release info for the HyperAdapt: https://t.co/nd5tWMOioV pic.twitter.com/LiiFLTMCdZ

— Sneaker News (@SneakerNews) November 15, 2016

Nike confirmed to Mashable that the HyperAdapt will be on sale Dec. 1, just in time for the holiday shopping season. (Previous reporting had suggested a Nov. 28 release date.) And they won’t cost any potential buyer $1,000 a pair, as might be suggested in some rumors.

These self-lacing sneakers will instead come with a $720 price tag, a Nike spokesperson told Mashable.

For more on the Nike HyperAdapt, watch Fortune’s video:

The sneakers were first announced by Nike in March, when Fortune had a chance to try them on.

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