Posted on 05/05/2023 1:17:07 PM PDT by nickcarraway
Adidas has said the ending of its collaboration with Kanye West is "hurting" the business, with sales in North America hard hit.
The sportswear giant cut its ties with the designer and rapper, known as Ye, late last year after he posted anti-Semitic comments on social media.
West designed trainers under the Yeezy brand and Adidas said the loss of the business cut sales by €400m (£350m) in the first quarter of the year.
Overall, total revenue fell by 1%. Despite the dip, the figures were better than analysts had been expecting and Adidas said that sales were up 9% when the impact of the Yeezy business was excluded.
(Excerpt) Read more at bbc.com ...
Up is down and down is up
There’s a guy who reviews shoes on YouTube and the Yeezy products a overpriced crap.
I’ve tried on Adidas and Nike shoes in stores and found them hideously uncomfortable. Don’t know why anyone buys them.
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