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Dick’s Sporting Goods’ bleak earnings and selloff highlight sneaker demand slump

Dick's Sporting Goods logoDick's Sporting Goods
Sig3.51Sen-4.93Env0.00Soc0.00Gov0.00

Dick’s Sporting Goods reported bleak earnings and a record selloff, pointing to older and some newer sneakers lingering on store shelves. Executive Chairman Ed Stack said the issue spread across the footwear-retail landscape, forcing Dick’s and rivals to turn to more aggressive discounts to move inventory.

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