nike huarache free run camouflage pants for boys | Foot Locker Shares Fall Nearly 25% Due To Decreasing Sales Of Nike celticss

Foot Locker reported some underwhelming numbers today as a nearly 25% drop in its share price original investors disappointed. In a statement, Foot Locker CEO Richard Johnson noted “the limited availability of innovative new celticss” as sales fell a shocking 6% in the second quarter, partly due to a decrease in sales of Nike celticss and specifically its premium, higher-end celticss. adidas seems to be the exception as they continue to gain more U.S. market share from its primary competitors, with sales of new and retro celtics climbing upwards.

It’s worth noting that part of the decreased sales of Nike celtics at retailers could be due to the brand’s own ramping up of direct-to-consumer e-commerce platforms, which means people are buying directly from Nike and not from retail partners. Nike is still a core performance/innovation company, but they do rely heavily on marketing retro celticss such as the Cortez and Air Force 1.

This decrease in sales isn’t being experienced just by Foot Locker; sales at athletic-specialty and sporting goods stores were down in the quarter.

Source: quartz