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Jacklyn Zeman: 5 unknown facts about 'General Hospital' actress who died at 70
Jacklyn Zeman: 5 unknown facts about 'General Hospital' actress who died at 70
Jacklyn Zeman was best known for her role as Barbara 'Bobbie' Spencer on 'General Hospital'
2023-05-11 17:59
'Selling Sunset' star Chrishell Stause's Halloween costume theme sparks backlash as Internet accuses her of 'glorifying violence'
'Selling Sunset' star Chrishell Stause's Halloween costume theme sparks backlash as Internet accuses her of 'glorifying violence'
Some internet users accused the stars of perpetuating stereotypes, promoting violence, and spreading a wrong message through their gory-themed visuals
2023-10-30 12:47
Adidas is still figuring out what to do with $1.3 billion worth of unsold Yeezys
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
What was Meghan Markle's first acting role? Duchess of Sussex's first gig from 30 years ago comes to light
What was Meghan Markle's first acting role? Duchess of Sussex's first gig from 30 years ago comes to light
Meghan Markle played a student alongside Christina Applegate and David Faustino in the sitcom
2023-08-25 19:28
Cineworld eyes bankruptcy exit in July as most lenders back restructuring plan
Cineworld eyes bankruptcy exit in July as most lenders back restructuring plan
(Reuters) -Cineworld expects to emerge from Chapter 11 bankruptcy protection in July, the British cinema chain operator said on Thursday,
2023-05-25 18:47
LSU gymnast Olivia Dunne's photo dump on Instagram leaves fans breathless: 'Roux the pup is a star'
LSU gymnast Olivia Dunne's photo dump on Instagram leaves fans breathless: 'Roux the pup is a star'
From showing off her pet dog Roux to cuddling her boyfriend Paul Skenes, Olivia Dunne shares a glimpse into her favorite October moments
2023-10-25 13:53
Chrissy Teigen praises surrogate who delivered her 4th baby with John Legend: 'I will never forget how hard she fought'
Chrissy Teigen praises surrogate who delivered her 4th baby with John Legend: 'I will never forget how hard she fought'
'I knew she (Alexandra) was a perfect match for us the moment we spoke to her,' Chrissy Teigen shared in post referring to vitro fertilization journey
2023-06-30 01:17
13 Names for the Sleep Paralysis Demon from Around the World
13 Names for the Sleep Paralysis Demon from Around the World
Take a look at these 13 names from across the world that describe sleep paralysis and the demon once believed to cause it.
2023-11-01 06:25
'CBS Mornings' host Tony Dokoupil encounters a 'small problem' while covering Maui wildfires
'CBS Mornings' host Tony Dokoupil encounters a 'small problem' while covering Maui wildfires
Tony Dokoupil was reporting about the devastating wildfires in Hawaii when something unexpected took place
2023-08-16 14:55
How to download songs from Spotify
How to download songs from Spotify
One of the benefits of Spotify Premium is that users can download their favorite songs,
2023-07-22 17:54
Who is Matt Moeller? Eminem's daughter Alaina marries 'best fur dad and best partner' after 7 years of dating
Who is Matt Moeller? Eminem's daughter Alaina marries 'best fur dad and best partner' after 7 years of dating
Eminem's adopted daughter Alaina exchanged vows with Matt Moeller in a beautiful ceremony where her sister Hailie Jade served as the maid of honor
2023-06-14 16:51
Joe Rogan shares why he disliked late teen rapper Lil Tay's content: ‘This is the death of society’
Joe Rogan shares why he disliked late teen rapper Lil Tay's content: ‘This is the death of society’
Lil Tay and her brother Jason Tian's deaths were announced in a message that appeared on the former's official Instagram handle
2023-08-10 15:16