Nike is in a major slump. The company’s global sales dropped 9% last quarter, including a 17% drop in China, Nike said Thursday. In North America, Nike’s largest market, sales dropped 9%.

Nike's sales drop as consumers shift away from pricey sneakers and apparel, prompting a major turnaround strategy.

Designer Brands Inc. is clearly benefiting from its Nike revival. In the fourth quarter of 2023, kids' athletic sales at the DSW-parent company were up 15 percent compared to the prior year.

To sweeten the deal, until March 9, DSW is currently running a buy one, get one 50% saleacross qualifying kicks on their site ...