A footwear construction including a midsole having medial and lateral flanges, and that defines a recess in the heel. An upper can be joined to the flanges along a lower peripheral allowance of the upper. The flanges can be separated into a medial forefoot flange segment and a medial heel flange segment, and a lateral forefoot flange segment and a lateral heel flange segment, respectively. The footwear optionally can include an outsole and an optional heel wedge, either or both of which can define a secondary recess into which the midsole interfits. A method for constructing the footwear includes providing the midsole, joining an upper peripheral allowance with the flanges, and joining an outsole with the midsole. Optionally, a heel wedge can be secured between the midsole and the outsole.