Dick's Sporting Goods stock plunges as retailer warns athleticwear demand is weakening

Dick’s Sporting Goods shares fell over 29% after the company warned of weakening consumer demand for athletic apparel and footwear, citing fewer product launches. The guidance shift signals near-term softness in retail demand and likely pressures revenue momentum. The stock reaction indicates the update is material for expectations, though it is company-specific rather than market-wide.