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Hosted on MSN1mon
Adidas Could Write Off Value Of Unsold Yeezy Inventory—Worth $320 Million
Adidas is considering writing off its remaining inventory of Yeezy merchandise, valued at $320 million by the company, chief executive Bjorn Gulden said Wednesday—as the German footwear firm ...
AllHipHop1mon
Adidas Considers Writing Off $320M Worth Of Yeezy Shoes
Adidas is still trying to figure out what to do with unsold Yeezy shoes after cutting ties with Kanye West. Adidas CEO Bjorn Gulden revealed the company might be unable to sell roughly $320 ...
Retail Dive1mon
Yeezy brings in $375M for Adidas in Q3, as overall net sales fall 6.4%
In part due to sluggish sales in North America, Adidas Q3 net sales fell 6.4% to 6 billion euros, or $6.4 billion at press time. Net income fell 20.5% to 280 million euros. The top-line number ...
U.S. News & World Report1d
In Olympics Race, Adidas Pursues Edge in New Sports
HERZOGENAURACH, Germany (Reuters) - As sportswear rivals jockey for position ahead of next year's Paris Olympics, Adidas is ...
MarketWatch1mon
Adidas sells a further $373 million in Yeezy inventory a year after cutting ties with Kanye West
Adidas sold €350 million, or $373 million, in Yeezy-branded apparel in the third quarter as it continued to offload the €1.2 billion in inventory that was left over following the end of its ...
BusinessMirror1mon
Adidas giving up on Yeezy
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 ...
Morningstar1mon
Adidas sells another $373 million worth of Yeezy stock after cutting ties with Kanye West
Adidas sold EUR350 million ($373 million) worth of Yeezy branded apparel in the third quarter as it continued to offload the EUR1.2 billion worth of stock it was left with following the end of its ...
moneycontrol.com1mon
Adidas gets another $374 million from Yeezy amid turnaround push
Adidas AG made about €350 million ($374 million) in sales from Yeezy shoes in the third quarter as the company whittles down its inventory of footwear from its canceled partnership with the ...

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