Adidas has warned its unsold Yeezy stockpile could wipe out profits for the first time in three decades amid its breakup with Kanye West following his anti-Semitic rants. The retail giant’s shares plummeted over 12 percent on Friday after the company admitted it could lose hundreds of millions due to its unsellable inventory of the…
Adidas is saying it’s in a serious financial pinch … and it’s blaming the bind directly on its decision to split from Kanye West. The athletic brand gave the worrisome update Thursday, saying it’s expected to lose a whopping $1.3 billion in sales in 2023 — and the company says it’s because it’s unable to…
Adidas has warned of potential major profit losses after severing ties with Kanye West last year. The sportswear company terminated its partnership with West in October 2022 in light of the rapper posting a series of antisemitic comments on social media. In a statement at the time, an Adidas spokesperson said Ye’s remarks and behaviour was…
“We need to put the pieces back together again, but we need some time,” said new CEO Bjorn Gulden. Source link
Where to Buy adidas UltraBOOST 1.0 DNA “Hawks” adidas.com Along with this classic colorway that pays homage to The Mighty Ducks leader Jesse Hall, adidas and Disney will also be launching an adidas UltraBOOST 1.0 DNA dressed in the team’s rival’s colors. The adidas UltraBOOST 1.0 DNA “Hawks” sports a “Black,” “White,” and “Blue” theme.…
Pharrell Williams and adidas have more on the way. During the “Something In The Water” festival in Washington, D.C., the creative genius not only came ready with the hits but the kicks as well. Pharrell showcased a new colorway of his collaborative adidas HU NMD S1 RYAT, a futuristic adaptation of the OG adidas NMD.…
Following their collaboration from December 2021, Taiwanese retailer INVINCIBLE and Japan’s NEIGHBORHOOD are once again joining forces with adidas to rework the Three Stripes’ classic Campus silhouette. Set to release later this week, the upcoming INVINCIBLE x NEIGHBORHOOD x adidas Campus sports a smooth white leather base accented with snake-printed Three Stripes branding on both…
New Jersey is getting a new jersey — seriously. For the first time in the organization’s history, the New Jersey Devils are getting a brand new third jersey. Fans have long been asking for a primary black jersey and their wish is finally granted. Their new third jersey design has an all-over black makeup with…
As part of the German giant’s latest campaign, adidas is connecting with 11 iconic restaurants from all over the world including Seoul’s oldest bakery, Taegukdang. The South Korean entity, which has been in operation since 1947, provides the inspiration for adidas’ classic Superstar silhouette. The bakery keeps things clean, sticking with a classic white leather…
During the latest installment of the “Something In The Water” festival in Washington, D.C., artist Pusha T debuted an unreleased colorway of Pharrell’s adidas Hu NMD S1 RYAT. Inspired by the design lines of the all-new adidas NMD S1, this upcoming adidas Hu NMD S1 RYAT features a predominantly tan-brown outfit paired with a grey ballistic mesh…