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Adidas reports a $540M loss as it struggles with unsold Yeezy products

By March 09, 2023 Add Comment Edit
Boxes containing Yeezy shoes made by Adidas are seen at Laced Up, a sneaker resale store, in Paramus, N.J., on Oct. 25, 2022. Adidas

In October, Adidas cut ties with Ye, formerly known as Kanye West, over the rapper's antisemitic remarks. The company's inability to sell his popular Yeezy line of shoes helped batter earnings.

(Image credit: Seth Wenig/AP)


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