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Business

Men are throwing down hundreds of dollars on sneakers

Forget leather loafers and wingtips. Men are spending more on sneakers these days, according to department store Neiman Marcus, which disclosed on an earnings call last week that sneakers account for more than 50 percent of its men’s shoe business.

“Sneakers have become a significant category for us and a very tangible reminder that what our customers want and wear is changing,” CEO Karen Katz said on the call, reports The Post’s Lisa Fickenscher.

But Neiman’s isn’t selling Air Jordans or Adidas’ Stan Smith tennis shoes. Men are snapping up $790 Guccis with embroidered velvet and $795 faux-python leather high-tops from Balenciaga. Neiman’s average sneaker sale is $360, Katz said.