Iconic sporting goods, sneaker retailer closing stores

The sneaker business used to be relatively simple for manufacturers. They could sell shoes to customers through their own stores or to customers through wholesale partners. A company that had a fleet of its own stores might have withheld certain products for those locations, but that was the exception, not the norm. Now, sneakers have become more than just shoes to wear or products designed to improve athletic performance — for some, they are collectibles. "Drops," the moment a specific shoe goes on sale ...