Jordan says Palestinian displacement pushes region to 'abyss' of wider conflict
AMMAN Jordan on Saturday said any move by Israel to impose a new displacement of Palestinians would push
2023-10-14 17:24
Rotterdam shootings: Hospital was warned of 'psychotic' suspect
Dutch prosecutors had raised concerns about the man accused of killing three people in Rotterdam.
2023-09-29 18:55
M&S Shares Jump After Dividend Returns and Profit Soars
Marks & Spencer Group Plc shares rose to the highest in almost two years after its progress with
2023-11-08 18:58
Joe Rogan net worth: 5 unknown facts about controversial commentator
Joe Rogan was a TV host and a UFC fighter before he started his podcast
2023-05-16 18:53
Prosecutors investigating the Venice bus crash are questioning survivors and examining the guardrail
Prosecutors in Italy say they have ordered an expert examination of an overpass guardrail that gave way when struck by a shuttle bus that plunged nearly 10 meters earlier this week, killing 20 foreign tourists and the driver
2023-10-05 22:47
Japan nuclear watchdog ask Fukushima plant operator to assess risk from reactor damage
A nuclear watchdog has asked the operator of Japan’s wrecked Fukushima nuclear plant to assess potential risks from damage found in a key structure inside the worst-hit of the three melted reactors
2023-05-25 17:53
Sen. Tuberville criticized for remarks on white nationalists: 'I call them Americans'
Republican Sen. Tommy Tuberville is facing backlash for remarks he made about white nationalists in an interview about his blockade of military nominees
2023-05-12 01:51
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 02:19
The GOP sees its most diverse presidential field as questions of race move to the forefront
The 2024 Republican presidential field has already made history months before the first nominating contest: A record six of the roughly dozen major candidates seeking to become their party's standard-bearer are people of color.
2023-07-03 12:29
Defense rests case in wrongful death trial against 2 Colorado officers involved in 2019 arrest of Elijah McClain
Defense attorneys for two police officers in Aurora, Colorado, facing charges in the death of Elijah McClain during a 2019 arrest opted to rest their case in court Friday without calling any witnesses.
2023-10-08 05:27
Wall Street Journal reporter Evan Gershkovich loses appeal against pre-trial detention
Wall Street Journal reporter Evan Gershkovich lost his appeal against the extension of pre-trial detention in Moscow on Thursday on spying charges, which he denies.
2023-06-22 18:53
Furious IShowSpeed confronts dad for making music video after streamer's viral wardrobe malfunction: 'I’m about to beat the f**k out of you'
In a tense FaceTime call, ShowSpeed confronted his father about the viral wardrobe incident that occurred during a live stream
2023-09-30 13:57
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