Sneaker Industry Faces ‘Hangover’ as Dick’s Shares Drop 30%

The sneaker industry is in turmoil. This summer, major shoe brands from Nike to Adidas to Under Armour to On have each expressed skittishness about the retail environment for sneaker sales. Consumers appear unwilling, or unable, to pay full price for athletic shoes. And on Tuesday, the chairman at Dick’s Sporting Goods—one of the largest […]