Dick’s Sporting Goods, which acquired Foot Locker last year, lowered its outlook for the shoe store, citing “challenging conditions in the athletic footwear marketplace.”
Shoe making has been shifting to countries like Vietnam, Cambodia and Indonesia but China is still a leading footwear manufacturer
Nike reported disappointing earnings, weakening the outlook for clothing sales — which have a lot to do with the year-end shopping season.
It was the first auction of its kind for Sotheby’s.
Skechers agrees to pay $50 million to settle charges it made false claims about the health benefits of its Shape-ups and other toning shoes.
![“Buying yet another color or version of a shoe that they already have in their closet is not something [consumers] are willing to add to the basket these days,” said Bryan Eshelman at Alix Partners.](https://img.apmcdn.org/1ab19529081f04aff44f35c1c4692863be57b5c3/widescreen/bef5a7-20260826-a-man-shops-for-sneakers-webp2000.webp)
