Yeezy Sneakers from adidas Generate $565 Million in Orders
Dennis
This entry was published by Dennis. He is the newest addition to the Grailify team and he provides you with the most important sneaker news every day.
2023-07-25
Have you heard about the adidas Yeezy sneakers? Orders worth $565 million for 4 million pairs have come in - that's insane! The hype was so great that the company couldn't meet the demand, especially in certain sizes and for the most popular models. However, it hasn't been all sunshine at adidas lately. The CEO recently announced a $441 million year-on-year decline in sales due to the 2022 controversy with Kanye West. Still, the company managed to flip its remaining shares and avoid an operating loss of $772 million. A rollercoaster ride for adidas.
Reports of another wave of Yeezy sneaker releases made the rounds last week, creating excitement in the sneaker scene. adidas and major retailers, including global sneaker chain Foot Locker, are apparently preparing to start selling Yeezy Boost 350 V2, Yeezy Slides and other styles as early as August. This long-awaited release could be a turning point for adidas, boosting sales by capitalising on the Yeezy sneakers' continued popularity in the market.
Source by Financial Times
Reports of another wave of Yeezy sneaker releases made the rounds last week, creating excitement in the sneaker scene. adidas and major retailers, including global sneaker chain Foot Locker, are apparently preparing to start selling Yeezy Boost 350 V2, Yeezy Slides and other styles as early as August. This long-awaited release could be a turning point for adidas, boosting sales by capitalising on the Yeezy sneakers' continued popularity in the market.
Source by Financial Times
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