During a conference call with analysts, Foot Locker's Johnson said sales of some Jordan footwear and clothing "slowed considerably" in the quarter. Athletic gear retailer Foot Locker plunged to its biggest loss in almost nine years. It’s down 71 percent this year, and Foot Locker has fallen 52 percent. Note that the Foot Locker loss is in the stock price, not the accounting profit there. Some people do indeed like expensive sneakers, for whatever reason, others don't.

Source: Forbes August 19, 2017 17:03 UTC