Figs, Funko, Caleres, Nike, and Genesco Stocks Trade Down, What You Need To Know

A number of stocks fell in the morning session after Dick's Sporting Goods reported weaker-than-expected quarterly earnings and warned of rising inventory levels that are forcing heavy promotional discounting across the athletic retail sector. Shares of athletic footwear and apparel makers retreated after Dick's Sporting Goods reduced its full-year profit outlook according to the company’s press release, signaling broader margin pressures across the sportswear market. Retail executives noted tha