Dick’s Sporting Goods warns of inventory glut as shoppers tighten belts
Dick’s Sporting Goods, owner of Foot Locker, cut its full-year sales and profit outlook and flagged a growing inventory backlog as consumers with tighter budgets cut back on pricey footwear, sending shares down about 31%. Management attributed the glut to weaker demand for legacy shoe silhouettes and apparel amid geopolitical and tariff-related cost pressures, a softer US retail environment, and broader affordability concerns.
