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Adidas to sell existing YEEZY product at end of month, will donate 'a significant amount' to select organizations including Anti-Defamation League, Philonise & Keeta Floyd Institute for Social Change; products have not been available since October 2022
Published: May 19, 2023 by Adidas AG
Adidas plans to sell some of its US$1.3B worth of Yeezy inventory, donating proceeds to organizations that 'have been hurt by Kanye’s statements'; company says it is in talks with number of NGOs, it is not clear when or how the shoes will be sold
Published: May 11, 2023 by Fortune
Adidas' Q1 sees 'flattish sales' and operating profit of €60M amid higher supply chain costs, discounting, inventory allowances, adverse Yeezy impact, negative FX movements; North America sales down 20% overall, down 5% excluding Yeezy
Published: May 05, 2023 by Adidas AG
E-commerce retailer Fanatics replaces Adidas as supplier of on-ice uniforms for the NHL as part of 10-year deal, starting with 2024-2025 season; branded uniforms will be Fanatics' first for a major sports league, contract also includes retail jerseys
Published: March 21, 2023 by Business Insider
Adidas CEO Bjorn Gulden hosts first earnings call, highlights include: DTC to decelerate; touts Adidas' innovation over Nike's; Yeezy business is not returning; basketball is critical to brand's US business; Adidas will 'again be the best sports brand'
Published: March 09, 2023 by Business Insider

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