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yeezy day 2023 Tag

August 5, 2023
Latest News

Adidas’ Kanye West Yeezy Release Boosted Profits by $165 Million

[ad_1] Adidas saw a major uptick in profits in the second quarter of 2023 thanks to offloading a bunch of Kanye West's Yeezy shoes back in May.Adidas Gives 2023 Q2 Revenue ReportOn Thursday (Aug. 3), Adidas announced their fiscal report for the second quarter of 2023, which revealed the company has seen a big bump in money over the last thee months."We are happy with the way the second quarter developed," Adidas CEO Bjørn Gulden announced. "The core adidas business was slightly better than we expected. Although we still have too much slow-moving inventory in the market, sell-through has been improving. We also saw gross margin in our core business improving strongly compared to...

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