Sportswear giant Nike said it will decrease production of one of its most iconic sneakers. Nike recently announced on an earnings call it will produce less Air Force 1 sneakers to protect the status of the shoe. The brand doesn’t plan to do away with the sneaker, but wants to reduce the amount of Air Force 1′s that go on sale. The company also plans to make way for new designs, such as a new version of the Pegasus sneaker, Peg 41. “Last quarter, we spoke of our intentional actions to reduce marketplace supply of certain key franchises to ensure they remain healthy and strong while feeding and …