
7 of the Most Valuable Polly Pocket Toys From the ‘90s and Beyond
Polly Pocket
2023-10-31 02:19

Did Paige Spiranac go to college? Golf influencer reached 'turning point' when she began 'playing really well'
Paige Spiranac initially intended to work on her game as the assistant golf coach during her final semester at the university
2023-06-14 19:29

Inside Dwayne Johnson and Vin Diesel's candy a**' feud that changed 'Fast & Furious' movies
Although, things haven't been smooth for the 'family', in an Instagram post Vin Diesel extended an olive branch to Dwyane Johnson
2023-05-19 12:57

Celebrity birthdays for the week of Oct. 29-Nov. 4
Celebrities having birthdays during the week of Oct. 29-Nov. 4 include actor Winona Ryder, actor Tracee Ellis Ross and reality show personality and model Kendall Jenner
2023-10-23 22:27

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

Billy Crudup's dating history: Naomi Watts' new husband left ex-GF when she was seven months pregnant
Naomi Watts first fueled rumors of engagement with Crudup as she was spotted wearing an exquisite marquise cut diamond ring in March 2023
2023-06-11 15:23

Beloved US game show legend Bob Barker dies aged 99
The charismatic host of one of the most popular US television game shows in history, "The Price Is Right's" Bob Barker, has passed away aged...
2023-08-27 02:24

The Killers apologize after being booed at Georgia gig over Russian 'brother' remark
The Killers apologized on Tuesday after inviting a Russian drummer on stage during a concert in Shekvetili, Georgia, and telling the booing crowd that he was their "brother."
2023-08-16 20:00

Celebs who broke up with their partners over text message or phone
Let's take a look at some notable instances of stars reportedly breaking up with their partners over the phone or via text messages
2023-10-29 20:46

Michael Jackson's leather jacket from 1984 Pepsi commercial to be auctioned
Viewers will be able to see swathes of iconic music memorabilia, including items from David Bowie, John Lennon and Amy Winehouse.
2023-10-12 22:24

Who is Sean Bankhead? Ace choreographer slams ‘TikTok dancers' for ruining dancing industry on ‘GMA3’
Sean Bankhead credits himself as a self-taught artiste, inspired by Michael Jackson, and Missy Elliott among others
2023-07-26 17:54

Pregnant Lindsay Lohan's beach getaway is grool
Pregnant Lindsay Lohan's beach getaway is grool
2023-05-31 03:30
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