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<p data-pm-slice="0 0 []">The streets are talking, and there has been a lot of commotion coming from the sneaker community. When it comes to securing the latest <a href="https://dev.theshaderoom.com/nike-has-formally-postponed-the-release-of-its-travis-scott-sneaker-collaboration-following-the-astroworld-tragedy/">Nike</a> releases, options are becoming limited as Nike has removed some of its productions from Foot Locker. According to recent reports from<a href="https://www.forbes.com/sites/warrenshoulberg/2022/03/01/swoosh-why-nikes-foot-locker-exit-could-devastate-other-retailers/?sh=55bf2a6c6d6d"> Forbes</a>, the shift was predicted to happen since last year.</p>
<p>In 2021 70% of Foot Locker&#8217;s sales were in Nike products, says the retailer in its 2021 public filings. This year will account for 60% of its merchandise purchases. Although folks think Nike is walking away completely for Foot Locker, we&#8217;re here to report that isn&#8217;t true. Foot Locker will continue to sell Nike products, representing as much as 55% of its merchandise purchases in the coming year.</p>
<p>A Foot Locker representative released a statement to Forbes saying, &#8220;Nike is and will remain one of our most critical and crucial partners. We have no intentions of not working with them.&#8221; The effect of a limited supply of Nike items at Foot Locker has already taken a massive loss on the company as news of the changes has spread. The stock immediately took a 30% dive, and some have been recovered.</p>
<p>Foot Locker is already preparing to decline sales between 8% and 10% this year. The New York-based company wants to expand offerings from other brands; Adidas, Puma, New Balance, and Crocs. Last week, the company&#8217;s CEO, Richard Johnson, explained to analysts about Nike&#8217;s changes, stating, &#8220;That&#8217;s a tough dynamic to overcome.&#8221; Foot Locker isn&#8217;t the only retailer that has experienced cutbacks from Nike.</p>
<p>Forbes also reports since the Oregan-based company began cutting back third-party selling, it has dropped many national retailers, including DSW, Zappos, Dillard&#8217;s, Urban Outfitters, and Shoe Show.</p>
<p>Roommates, how do ya&#8217;ll feel about the news?</p>
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