(Reuters). – Shares Foot Locker (NYSE:) Inc fell more than 25% Friday. It was their lowest point in almost 1-1/2 years. The footwear retailer had issued dour profit and sales forecasts for 2022 based on the expectation of selling fewer shoes. Nike (NYSE:) products.

According to the retailer, no one supplier will account for more that 60% of fiscal 2022’s total purchase volume. This is a decrease from the 70% reported last year.

This move is coming as Nike, the largest supplier of sportswear to Foot Locker, increases its focus on direct-to-consumer.

According to the 2020 regulatory filing, Foot Locker, which has top suppliers including Adidas (OTC) and Puma in its supply chain, 75% of its merchandise came from Nike.

Nike has struggled with supply chain problems and closures at production facilities over the past year. The company has started to shift toward direct-to consumer business. This channel saw record Black Friday sales in North America last ye.

Analysts cheered Nike’s move into the channel. They said they expected the company’s apps for mobile to be a greater part of its sales.

Foot Locker stated it expected an adjusted profit of between $4.25 to $4.60 per share in fiscal 2022. This is lower than the $6.49 estimate by analysts, according Refinitiv IIBES.

According to the report, there will be a slump of 8%-10% in annual comparable sales.