Adidas is facing a problem even bigger than Yeezy | Business Insider

📆 13/02/2023 05:02 م
📰 BISouthAfrica

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Adidas expects sales to drop by $1.28 billion in 2023 if it doesn't sell leftover Yeezy inventory.

revenue for the year expected to drop after ending its Yeezy

Against this background, Adidas said it is forecasting a decline in the high-single digits in sales in 2023.

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Adidas’ Kanye test: New CEO has a R23bn pile of unsold Yeezy gear | BusinessAdidas AG shares slumped after the German shoemaker warned that it’s sitting on a €1.2 billion (R23 billion) pile of unsold merchandise after terminating its lucrative branding deal with rapper Ye. | News24_Business _Business Go woke go broke... _Business Ugly _Business Lots of kids in Africa that need shoes, Donate it.
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