Where is the Perry House? Matthew Perry turned his beachfront home into sober-living facility for men
Matthew Perry devoted a significant portion of his life to caring for others, exemplified by initiatives such as establishing a sober-living facility
2023-10-31 17:46
How One Grieving Father Got Lawn Darts Banned
Lawn darts were banned in 1988, but not before seriously injuring many children and killing at least one.
2023-10-25 00:29
How did Matt Ulrich die? Ex-Colts offensive guard's sudden death at 41 leaves fans heartbroken
Former offensive lineman for the Indianapolis Colts Matt Ulrich has died
2023-11-09 09:27
Will Mick Jagger marry again? GF Melanie Hamrick hopes he'll propose but singer has a 'Bohemian view' of marriage
Mick Jagger stated in 2010 that he had ruled out ever marrying again, calling the institution 'an elaborate fantasy'
2023-06-26 16:24
Adidas is still figuring out what to do with $1.3 billion worth of unsold Yeezys
Nearly seven months on from Adidas parting ways with rapper Kanye West, and the sportswear brand reportedly still has $1.3 billion of unsold Yeezy stock in its warehouses. The decision from Adidas to split from West - otherwise known as Ye - came back in October last year came after the 45-year-old made antisemitic remarks both in interviews and online. But now, Adidas has to decide what to do with the remaining stock of the popular shoe as the company attempts to turn its fortune around after it abruptly ended its partnership with West and his Yeezy brand, with 400 million euros ($441 million) in lost sales at the start of the year. Sign up to our free Indy100 weekly newsletter Though Adidas is "getting closer and closer to making a decision" on what to do with the sneakers and the “options are narrowing,” new CEO Bjorn Gulden said, as per Associated Press. He became in charge back in January this year, three months after Adidas terminated it's partnership with Ye. However, a decision has not yet been reached due to "so many interested parties," he added. Gulden did not confirm whether the option to destroy the shoes had been ruled out but noted that this is something it is the company is "trying to avoid." Meanwhile other options have their own downsides, since selling the shoes would mean Ye would need to be paid royalties, removing brand identification would be dishonest. Giving the shoes away for free sounds like a nice idea in theory but this could cause them to be resold at a higher market price. Gulden is also remaining tight-lipped on the exact quantity of stock that is left since he believes if consumer are aware of this number it "could have an impact on demand," as per AP. The CEO admitted losing Yeezy is "of course hurting us" and if Adidas decides not to sell the remaining shoes, it could reduce earnings by 500 million euros this year. Net sales declined 1 per cent in the first quarter, to 5.27 billion euros, and would have risen per cent with the Yeezy line, the company said. As a whole, Gulden described 2023 as a "a year of transition" with "a better ’24 and a good ’25" as the German sportswear business continues without the Yeezy brand. Elsewhere, Adidas found itself being sued by investors last week who allege the company knew about Ye’s offensive remarks and harmful behaviour years before the termination and failed to take precautionary measures to limit financial losses. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-05-10 02:25
Nagoro, Japan, Is the Creepy Doll Capital of the World
Nagoro, Japan, is home to less than 30 human residents, but hundreds of creepy, life-sized dolls, called kakashi, populate the town.
2023-09-10 19:58
Celebrity birthdays for the week of May 14-20
Celebrities having birthdays during the week of May 14-20 include singer Janet Jackson, movie director-producer George Lucas and actor Pierce Brosnan
2023-05-08 22:59
Pop singer Sabrina Carpenter's music video spurs outrage for using NY Catholic church as a setting
A pop singer’s use of a Roman Catholic church in Brooklyn for parts of a music video has led to its pastor being penalized
2023-11-29 05:45
Allan Reinikka: Viral 61-year-old pole dancer hopes to set 'America's Got Talent' Season 18 stage on fire
A viral video of Allan Reinikka's 'Australia's Got Talent' performance racked up over 1 million views in under 48 hours
2023-05-31 05:47
Why is The Weeknd's crew called XO? The secret meaning behind name popularized by singer's fans
The Weeknd, who started by posting music videos on YouTube, used the letters 'XO' as a signature while posting on social media sites
2023-06-05 07:58
Where is Drew Drechsel now? Disgraced 'American Ninja Warrior' Season 11 winner was arrested for child sex crimes
Drew Drechsel was arrested and charged with seeking sex with a minor and various other offenses in 2020, and NBC instantly cut ties with him
2023-06-06 06:48
Dixie D'Amelio receives death threats after posting photos in see-through bodysuit
Dixie D'Amelio garnered a lot of attention after her provocative stint on social media
2023-05-09 13:57
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