Matching the year-over-year decline in Q2, third quarter sneaker, apparel and hardgoods imports tumbled 30.0% to $5,251.7 million from $7,501.4 million, with every category down double digits. The song remained the same, as vendors and retailers ordered cautiously in the face of still-elevated inventories. Too, concerns persisted over flagging consumer demand as high interest rates and food and energy prices weigh on confidence. Athletic footwear imports declined 43.8% to $1,315.6 million, while apparel fell 33.6% to $752.2 million. Equipment imports, which started contracting earlier than the softgoods side, dropped 20.9% to ... Log in to view full article.