**Understanding the Text:**
The article discusses the declining popularity of luxury sneakers, which were once highly sought-after “it” items. While they still hold a place in the luxury market, consumer preferences are shifting toward more affordable and practical footwear from sportswear brands. Luxury retailers note that statement sneakers are losing appeal, though they remain an entry point for shoppers seeking casual options. Some luxury brands are adapting by following trends set by sports brands or collaborating with them.

**Paraphrased Summary in English:**

### **Luxury Sneakers Lose Their “It” Status**
A few years ago, designer sneakers were a must-have fashion item, driving significant sales. However, consumer interest has waned, particularly in the U.S., where shoppers are now opting for more budget-friendly and functional styles from sportswear brands.

While luxury retailers acknowledge that sneakers no longer hold the same appeal, they remain an important gateway for new customers who prefer casual fashion. To stay relevant, some high-end brands are taking cues from athletic labels or partnering with them directly.

Despite the shift, sneakers still play a role in luxury fashion, though their dominance has faded.

*(Source: The Business of Fashion, April 2025)*

**Additional Paragraph (Expanding on the Topic):**
The decline in luxury sneaker demand reflects broader changes in consumer behavior, with many prioritizing comfort and affordability over high-end branding. Economic factors, such as inflation and shifting spending habits, have also contributed to this trend. However, collaborations between luxury and sportswear brands—like Balenciaga’s partnerships with Adidas—show that innovation can still drive interest. Moving forward, luxury labels may need to balance exclusivity with practicality to maintain their appeal in a competitive market.

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