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

📆 2/13/2023 9:02 AM
📰 BISouthAfrica

⏱ Reading Time:
6 sec. here
2 min. at publisher
📊 Quality Score:
News: 6%
Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: News24 - 🏆 4. / 80 Read more »