Willie Nelson, Neil Young and John Mellencamp headline Farm Aid festival's return to Indiana
Rock legends Willie Nelson, Neil Young and John Mellencamp are highlighting farmers in the way that they know best: through song.
2023-07-12 03:16
'The Little Rascals' Cast Then and Now: Child stars of comedy film through the years
Over two decades have passed since the film's release and some of the main actors went on to star in some great roles
2023-09-23 17:48
12 Novels Inspired by Real Events
Novelists have used everything from real killers to newsworthy hostage situations to literal white whales to craft their fiction.
2023-10-24 06:18
When will 'Tom Clancy's Jack Ryan' Season 4 Episode 4 air? Jack and Chavez in dilemma while completing mission
The first half of the final season is centered around Jake’s intricate political mission after his loyalty is questioned by the Senate
2023-06-30 09:20
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
Adele opens up about concertgoers attacking performers on stage: 'People are forgetting show etiquette'
'If you ever don’t feel safe, please let someone around you know. If you just have that gut feeling, just always flag it,' said Adele
2023-07-05 01:27
Three Potential Destinations For Shannon Sharpe
Where will Shannon Sharpe end up now that his "Undisputed" reign has come to an end?
2023-06-14 01:28
Internet erupts as 'The View' host Ana Navarro defends Joe Biden's age, claims president 'ain't dying soon'
Ana Navarro believes Joe Biden being too old is a narrative created by the GOP to cause panic
2023-09-12 14:55
'Today' host Jenna Bush Hager gets candid on-air as she opens up about nearly getting 'survivor' tattoo during breakup
On Thursday, 'Today' host Jenna Bush Hager got candid about her moment when she almost got a back tattoo while going through a breakup
2023-09-23 16:24
'Joys of life': Hong Kong food traditions endure in city of flux
Bent over a low bench in his cluttered Hong Kong workshop, dark-framed glasses perched on his nose, Lui Ming deftly assembles a bamboo steamer, a...
2023-06-11 13:20
IShowSpeed wows Internet with 'famous Indian dance': 'Give him the citizenship already'
YouTuber IShowSpeed performed a famous Indian dance while mimicking the dance movements of a well-known memer
2023-11-22 18:24
'My guard was up': Why 'Transformers' star Peter Dinklage nearly declined 'Game of Thrones' role as Tyrion
Dinklage who rose to fame in 'GoT' lends his voice to Decepticon Scourge in 'Transformers: Rise of the Beasts', scheduled to hit theaters on June 9
2023-06-05 17:59
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