'The Flash' suffers heavy loss after full version of Ezra Miller-starrer DC film leaked online
'The Flash' already had one of the lowest domestic opening-day grossing performances, proving it to be a box office dud
2023-06-27 18:22
Adin Ross in shock after Dillon Danis shows him Logan Paul’s fiancee Nina Agdal’s nuclear photo
Dillon Danis and Logan Paul are scheduled to fight on October 14, in Manchester.
2023-09-05 13:56
Kevin Costner makes big demand from 'Yellowstone' makers for final episodes
The biggest star in the franchise is utilizing his remaining clout to influence how his character departs the show
2023-05-11 16:49
'I just wanted to really give that to the world again': Diddy felt the charts were missing 'R'n'B music
Diddy claims he made his latest album because he was "missing" R'n'B music.
2023-09-19 18:46
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
'Today' host Al Roker's breakfast platter sparks concerns as fans worry for his health: 'You’ll eat yourself to death'
The meteorologist dig-in on big breakfast on Instagram as fans called Al Roker out for having unhealthy food amid his numerous health issues
2023-07-14 11:50
Idina Menzel was hesitant to play Lea Michele's mom on 'Glee'
Idina Menzel didn't always want to play Lea Michele's mom on "Glee."
2023-08-15 00:18
Sean O’Malley's unforgettable post-bout chat with Joe Rogan resurfaces ahead of UFC 292, fans say 'they gonna bromance after win'
Sean O'Malley gave the memorable interview to Joe Rogan lying on the floor and in pain
2023-08-16 22:56
Naomi Watts pays tribute to Treat Williams after 'Feud' co-star's death at 71: 'My best scene partner'
Treat Williams, who died in a motorcycle accident on June 12, was best recognized for his leading parts in 'Everwood' and 'Hair'
2023-06-15 16:28
Conor McGregor shows support to Dillon Danis ahead of his fight with Logan Paul: 'Pull guard and break his leg'
Conor McGregor has sided with his close friend Dillon Danis ahead of his fight with Logan Paul
2023-10-08 12:20
When Joe Rogan kept yelling 'retard strength' during Georges St-Pierre vs Jason Miller
During Georges St-Pierre's bout with Jason Miller, Joe Rogan's commentary added a touch of humor to the intense battle between these skilled fighters
2023-07-15 15:54
Did Ginger Zee have an eating disorder? ‘GMA’ meteorologist opens up about her ‘lying’ phase on ‘Quite Frankly’ podcast
In 'Quite Frankly' podcast, hosted by Frank Elaridi, 'GMA's meteorologist Ginger Zee opens up about her past struggle with a brutal eating disorder
2023-07-28 17:46
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