Adidas says it plans to sell its remaining stocks of Yeezy sneakers worth nearly $300 million. It wants to sell them "at least at cost," it said. It will only write off a small amount of stock it ...

Sportswear maker Adidas on Wednesday said it plans to sell its remaining Yeezy inventory at cost, as it forecasts a near doubling of its operating profit this year. Adidas CEO Bjorn Gulden highlighted ...

When Adidas announced on Tuesday that it had terminated its relationship with Ye, the rapper formerly known as Kanye West, the company put a price tag on how much the move would cost: Up to $246 ...

German athletic and apparel maker Adidas (ADDYY, ADDDF) released preliminary results for 2023 and provided an update on its remaining Yeezy inventory. In 2023 preliminary revenue was better than the ...

In its newly-issued full-year financial report for 2023, adidas announced that its revenue and operating profit surpassed expectations in the fourth quarter, thanks to its decision not to write off ...

[Update as of 10/30/24] Following multiple lawsuits, Adidas said it has reached an out-of-court settlement with Ye (a.k.a. Kanye West), regarding the dissolution of their partnership following ...

adidas' recent results show stable revenues despite challenges, with the discontinuation of the Yeezy line impacting sales. Leadership changes and inventory mismanagement pose challenges for adidas's ...

But the sneaker giant is building momentum beyond its now-discontinued sub-brand, and CEO Bjørn Gulden’s turnaround seems to be taking hold. Overall in Q1, revenues grew 3.5% year over year to 5.5 ...

Adidas' Yeezy shoes have been consistently featured on their app this month. Surprisingly, pairs are still in stock, a departure from their typical instant sell-out status. On March 12, the Yeezy Foam ...