Adidas Seeks Next Yeezy Shoes Sale From Inventories In August
Portfolio Pulse from Nabaparna Bhattacharya
Adidas AG plans to sell more Yeezy shoes globally from its inventories throughout August. The proceeds will be donated to organizations combating discrimination and hate. The range will include popular existing designs. The second round of inventory stock will feature products from 2022. Since terminating the YEEZY partnership in October, Adidas has been exploring multiple scenarios for the potential use of the existing YEEZY inventory. Adidas shares were up by 2.68% to $101.78 on the last check Friday.
July 28, 2023 | 2:10 pm
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POSITIVE IMPACT
Adidas plans to sell more Yeezy shoes from its inventories, with proceeds going to anti-discrimination organizations. This could potentially increase Adidas' stock value.
The sale of Yeezy shoes could potentially increase Adidas' revenues, which could positively impact its stock value. The company's commitment to social responsibility could also enhance its reputation, potentially attracting more investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100