When will 'Mama June: Family Crisis' Season 7 release? Release date, time, and how to watch WEtv show
June and Justin Stroud are now married and going strong in 'Mama June: Family Crisis'
2023-07-15 10:16
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
Courteney Cox: 'Friends' star revives Monica Geller through iconic scene in hilarious TikTok video
Courteney Cox and TikTok star Kelli Erdmann came up with a new version of Ross and Monica's memorable dance scene from Season 6
2023-05-15 18:56
Who is Ainsley Earhardt dating? 'Fox & Friends' host took years before making relationship with Sean Hannity public
Rumors about Sean Hannity and Ainsley Earhardt's relationship started in late 2019 after they were spotted in public with each other multiple times
2023-08-01 15:28
After launching ‘greatest toilet bidet’ last year, Ludwig announces brand new product under ‘Swipe’
Ludwig said on X that after launching Swipe bidets last year, they sold out in a month
2023-11-27 18:45
Kim Kardashian accused of copying Kourtney's hair in 'crazy' new bra advert
Kim Kardashian has fans questioning if she's going for the same look as her sister, Kourtney, in a new advert showcasing a dramatically different hairstyle. Appearing in the Skims ad for their new bra, the business mogul is sporting the signature black bob her sister is famed for. "I have to tell you about the craziest bra we just made for Skims. Do you guys wear push-up bras?", she says, before the video cuts to a shopping channel-style script from the 90s. But while the 42-year-old was trying to push her 'boob job in a bra', viewers couldn't help but be distracted by her new 'do. Sign up to our new free Indy100 weekly newsletter
2023-08-15 18:29
'Across the Spider-Verse' spins box office with $120.5 million debut
By Danielle Broadway LOS ANGELES Audiences swung into theaters for “Spider-Man: Across the Spider-Verse," giving the animated film
2023-06-05 07:23
'The Voice' crowns winner and bids Blake Shelton farewell
It's the end for Season 23 of "The Voice" and also a farewell for Blake Shelton.
2023-05-24 22:46
Nicolas Malvagna: NJ concertgoer arrested for throwing phone at Bebe Rexha thought ‘it would be funny’
Bebe Rexha was hit in the face with a phone at a Sunday, June 18 concert in New York which left her with significant injury
2023-06-20 14:58
Rihanna's Savage X Fenty was given a worse ethics rating than Shein - and fans are shocked
Global advocacy organisation Remake reported in February that Rihanna's clothing brand Savage x Fenty score worse Than Shein in ethical practices. Rhianna, now officially a billionaire, has been praised not only for her music career, but also for her brand Savage X Fenty for showing industry competitors what inclusivity and diversity should look like. But Remake's Fashion Accountability Report scored Savage X Fenty only 4 out of 150 possible points. With Shein even outranking Rihanna's brand. With the organisation concluding the superstar's brand "blatantly disregards industry standards when it comes to social and environmental disclosures, merely noting on its website that products are 'imported.'" Most of its products use oil-based synthetic materials, and the brand hasn't set any reduction targets for this or its carbon emissions. It also lacks a Supplier Code of Conduct to define guidelines for assessing factories' compliance with international labour standards. Savage X Fenty was also fined £1 million by Santa Clara County and four other California local governments for allegedly defrauding consumers. Despite the findings being reported in February, fans of Rihanna are only just finding it, and they're shocked to say the least. "Worse than Shein is crazy," wrote one user. Many also found it unbelievable that the brand scored worse than Shein, but charged much more for their product. However, many said they weren't shocked given Rihanna's billionaire status: indy100 has contacted Savage X Fenty for comment. Sign up to our free Indy100 weekly newsletter 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. How to join the indy100's free WhatsApp channel
2023-11-29 23:54
'Sister Wives' star Meri Brown rocks 'Howdy America' tee on Fourth of July, fans gush over her stylish 'red look'
Fans adore 'Sister Wives' star Meri Brown's Fourth of July look including her 'Howdy America' tee, praising her style and impressive weight loss
2023-07-05 12:58
Scouting for Girls star Roy Stride passes 1980s covers off as his own to his kids
Roy Stride tells his kids that his covers of 1980s classics are his own and has his daughter thinking that he was the first person to sing 'Girls Just Wanna Have Fun'.
2023-06-19 15:21
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