The present invention is directed to an athletic shoe including a upper and a sole. The sole includes a cushioning bladder including a sealed, fluid-filled tube (100) disposed about the perimeter of the shoe. In one embodiment, the bladder includes lateral and medial portions extending about the heel and forwardly towards the forefoot to define a central region occupying a substantial portion of the heel and forefoot of the shoe. No portion of the tube extends within the central region, which may be occupied by ambient air or by a second bladder or chamber which is not in fluid communication with the tube. In an alternative embodiment, the bladder includes a tube having lateral, medial and transverse portions, with the transverse portion extending between the medial and lateral portions at the instep area of the shoe, to define a central forefoot region. In a further alternative embodiment, both a central forefoot and a central heel area may be defined. The shoe may further include a substantially rigid footframe disposed directly above the bladder and spanning the lateral and medial sides. IMAGE
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