Adidas forecast it may have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West. The company ...
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from the initial setup phase through to full business operation. He also assured that ESIPO’s aftercare services will diligently follow up to ensure the sustained success of these investments.
Adidas said on Wednesday it has raised another 350 million euros ($374 million) from the latest sell-off of Kanye West's Yeezy shoes that it was saddled with after ending a tie-up with the rapper.
Adidas said in its third-quarter earnings Wednesday that it is considering cutting its losses and writing off its remaining $320 million in Yeezy sneakers. This comes a week after reports that ...
Yeezy shoes made by Adidas are displayed at Laced Up, a sneaker resale store in New Jersey. FRANKFURT, Germany—Adidas said it might have to write off the remaining €300 million ($320 million ...
FRANKFURT, Germany — Adidas said it might have to write off the remaining $320 million worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West.
FRANKFURT, Germany — Adidas said it might have to write off the remaining $320 million worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West.
A sign advertises Yeezy shoes made by Adidas on Oct. 25, 2022, at Kickclusive, a sneaker resale store, in Paramus, N.J. The shoe and sports clothing company, which cut ties with Ye in October 2022 ...
"The discontinuation of the regular Yeezy business represented a drag of nearly €450 million on the year-over-year comparison during the first nine months of the year," it said. Adidas first ...
Adidas said, adding that high inventory levels in the United States would continue to impact its business "for a while". Footwear sales grew 6% over the third quarter while apparel fell by 6% ...
