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Trump's latest court loss may not hurt primary bid, but some Republicans raise alarm about 2024 viability
Trump's latest court loss may not hurt primary bid, but some Republicans raise alarm about 2024 viability
The first reaction to Tuesday's unprecedented verdict finding a former president and current White House candidate liable for sexual abuse offered no reason to suggest that Donald Trump's position as the frontrunner for the GOP nomination is under any immediate threat.
2023-05-10 11:45
Amazon tribe made James Cameron eat his words after he told Arnold Schwarzenegger 'no one would know him'
Amazon tribe made James Cameron eat his words after he told Arnold Schwarzenegger 'no one would know him'
'Well, I guess I was wrong for the first time in my life'
2023-07-01 16:56
As actors strike hits 100 days, hope mixes with financial angst
As actors strike hits 100 days, hope mixes with financial angst
By Rollo Ross LOS ANGELES As the actors strike hits the 100-day mark on Saturday, performers on the
2023-10-21 06:24
Women center stage as Mexico presidential race takes shape
Women center stage as Mexico presidential race takes shape
Mexico appears likely to take a step closer to choosing its first woman president when the ruling party announces its candidate...
2023-09-06 09:48
France protesters defy bans to rally against police violence
France protesters defy bans to rally against police violence
More than 1,000 people defied a ban and on Saturday gathered in central Paris for a memorial rally, with dozens of marches planned throughout France...
2023-07-08 22:51
New Zealand shifts rights as voters punish ruling party, early results show
New Zealand shifts rights as voters punish ruling party, early results show
New Zealanders have given the country's conservative opposition party a strong lead in Saturday's election, early results show, as voters punish the ruling Labour Party nine months after former prime minister Jacinda Ardern suddenly resigned.
2023-10-14 17:47
Adidas is still figuring out what to do with $1.3 billion worth of unsold Yeezys
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
Stocks slide, US yields climb amid hawkish Fed, China tensions
Stocks slide, US yields climb amid hawkish Fed, China tensions
By Kevin Buckland TOKYO Asia-Pacific stock markets fell on Thursday, extending a decline in global equities, after the
2023-07-06 13:50
Hank Green: A look at 42-year-old YouTuber's married life and dating history
Hank Green: A look at 42-year-old YouTuber's married life and dating history
Hank Green is well-known for his vlogs on YouTube and he met the love of his life in college
2023-05-20 16:25
French day-tripper scheme extended
French day-tripper scheme extended
The scheme allows French nationals to travel to Guernsey with their National ID card.
2023-11-15 16:18
US senators can wear workout clothes to work under new rules
US senators can wear workout clothes to work under new rules
Critics warn decorum is falling apart at the seams in the US Senate after the Democratic leadership changed the rules to end the old requirement on wearing a jacket...
2023-09-20 02:16
Judge says Hunter Biden has to appear in person for arraignment on gun charges
Judge says Hunter Biden has to appear in person for arraignment on gun charges
A federal magistrate judge has denied Hunter Biden's request to appear virtually for his first court hearing in the federal gun case against him and set his arraignment for October 3.
2023-09-21 06:22