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adidas yeezy Tag

June 1, 2023
Latest News

Adidas Is Selling Kanye West’s Yeezys Again

[ad_1] Guess who's biz-ack? Six months after terminating its partnership with the controversial rapper, Adidas has resumed selling Kanye West's Yeezy sneakers, with a catch.On Wednesday (May 31), Adidas released a new Yeezy drop that features 15 of the rapper's shoe designs including different colorways of the Yeezy Boost 350 V2, Foam Runner, Yeezy Slide and more. A message on Adidas' website notes: "A portion from the sale of these items will be donated in support of the fight for discrimination, hate, racism and anti-Semitism."Fans' Reactions to Yeezys' ReturnFans have been in a frenzy over news of the shoe line's return."Why are all these Yeezys dropping," one Twitter user posted with an mind blown emoji."Adidas ain’t have...

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May 11, 2023
Latest News

Adidas Will Start Selling Yeezy Sneakers Again – Report

[ad_1] Adidas has reveals plans to sell their $1.3 billion unsold Yeezy inventory and donate the proceeds to international organizations.On Thursday (May 11), Adidas CEO Bjørn Gulden told reporters at the company's Annual General Meeting 2023 in Fuerth, Germany, that for the past few months, the company has been trying to figure out how to get rid of its inventory of Yeezy sneakers. "...

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May 6, 2023
Latest News

Adidas Split With Kanye West Cost Company $661 Million

[ad_1] The losses continue to mount for Adidas as a result of their terminated partnership with Kanye West.On Friday (May 5), the company posted its first-quarter fiscal report, which reveals the shoe giant had $661 million in lost sales following its split with the controversial Yeezy creator, resulting in a total $565 million net loss. Adidas is looking at a potential operating loss of $771 million in 2023, due largely in part to the $551 million hit the Three Strips could take if it doesn't off its current Yeezy inventory."The adverse Yeezy impact and negative currency developments weighed on the gross margin development," Adidas CEO Bjørn Gulden said in the report. "This...

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March 9, 2023
Latest News

Adidas Projects First Annual Loss Decades After Split Kanye West

[ad_1] Adidas is expecting to see a huge loss in 2023, the likes the company hasn't seen in three decades, following their split with Kanye West.On Wednesday (March 8), the German shoe giant reported a fourth quarter operating loss of $763 million. For 2023, Adidas is projecting a $738 million full-operating loss, which would be the company's first annual loss in 31 years.Underlying operating profits are expected to "be around break-even level reflecting sales loss of around € 1.2 billion and corresponding negative operating profit impact of around € 500 million from potentially not selling Yeezy stock," Adidas reports. "Reported operating loss to be € 700 million including additional negative impact of...

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