Adidas is managing its inventory of Yeezy shoes following the cancellation of its partnership with rapper Ye. The company made about €350 million in sales from Yeezy shoes in the third quarter and is pausing sales for the rest of the year. Adidas may write off the remaining unsold Yeezy shoes, estimated to be worth $320 million, and aims to work through the stockpile in 2024. The company is also considering the possibility of an outstanding Yeezy shoe write-off.
Adidas doesn't get enough credit for doing Web3 stuff right. 99 pairs of these football boots were available in an auction, super limited collab with Bugatti. Some of Adidas' pro football players have already worn them. Copped a pair. https://t.co/gDnZnJX194
Adidas needs to rediscover its creativity after Yeezy https://t.co/IZUo8DhOQk | opinion
Adidas weighing possibility of outstanding Yeezy shoe write-off https://t.co/xNAoXA2Azh
Adidas may write off $320M in Yeezy shoes after cutting ties with Kanye West https://t.co/yT20WUxoZa https://t.co/ND5RjnOuOb
Adidas is pausing sales of Yeezy sneakers for the rest of this year, but the company aims to work through the rest of the stockpile of the controversial footwear in 2024 https://t.co/sHSIJPwYl1
Adidas Could Write Off Value Of Unsold Yeezy Inventory—Worth $320 Million https://t.co/sZ04BRxRxX https://t.co/VfOlB5JEr5
Adidas says it may write off remaining unsold Yeezy shoes after breakup with Ye https://t.co/AjcY1LLnYJ
Adidas temporarily halts the sale of Yeezy inventory https://t.co/bWjLWQ9ZnD https://t.co/n4CR2IrJAN
Adidas made about €350 million in sales from Yeezy shoes in the third quarter as the company whittles down its inventory of footwear from its canceled partnership with the rapper Ye https://t.co/WZGZEu9gLz
⚠️ ADIDAS: INVENTORY POSITION IMPROVING BETTER THAN PLANNED Full Story → https://t.co/08xaHhM48r https://t.co/MByzfGk3jT