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Adidas sold its last remaining pair of Yeezy sneakers

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March 5, 2025

Adidas sold its last remaining pair of Yeezy sneakers in the fourth quarter, the sportswear brand said Wednesday. This ended the process of liquidating stock from the lucrative shoe line developed with rapper Ye after their split in October 2022.

Adidas has been working to move past the Yeezy controversy since public anti-Semitic remarks by Ye, formerly known as Kanye West, led to the termination of the highly profitable partnership. The split impacted revenues and contributed to an annual loss for the company in 2023.

The U.S. market was hit the hardest, where Yeezy sneakers had been particularly popular. In its latest results, reported Wednesday, Adidas said North American sales fell 2% in 2024 “solely due to significantly lower Yeezy sales.”

The company began offloading its remaining Yeezy stock in May 2023, pledging to donate part of the proceeds to organizations fighting anti-Semitism, including the Anti-Defamation League.

In total, Adidas sold €650 million ($696 million) worth of Yeezy sneakers in 2023, generating approximately €200 million in profit. That marked a decline from the previous year when Yeezy sales brought in €750 million in revenue, with an operating profit of €300 million.

CEO Bjørn Gulden announced that Adidas has allocated €260 million from Yeezy profits for charitable donations, accounting for about half of the total operating profit from Yeezy stock sales in 2023 and 2024.

Of this amount, €200 million is held in a foundation set up by Adidas, while €60 million has already been distributed to charity organizations, Gulden said.

($1 = €0.9410)
($1 = €0.9337)

© Thomson Reuters 2025 All rights reserved.



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UK consumers will vote with their purses if single-used plastic packaging glut continues

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Beware, UK retailers and brands aren’t doing enough to reduce the use of single-use plastic packaging, and consumers will vote with their purses if this goes on.

Image:Aquapak

New research shows 65% of UK consumers felt retail is falling short when it comes to cutting harmful plastic, with just 18% saying they are doing enough, according to sustainable packaging producer Aquapak.

The findings show that British shoppers want to see retailers take positive steps to reduce the impact of the packaging they use on the environment. Some 59% said they wanted to see the conventional plastic used in packaging replaced with an alternative material which can be recycled and doesn’t harm the environment.

Meanwhile, 57% said they should use more paper-based packaging which can go into kerbside recycling collections and 49% said that they should stop using traditional single-use plastic completely.
 
If such changes are not made, the findings suggest that consumers are happy to vote with their feet and purses. 

Over the next 12 months, 56% of those surveyed said they will try and buy more products that do not use single-use plastic packaging, such as polyethylene bags.  They are prepared to take even more extreme steps over the next three years, with 46% saying they will stop buying products that use single-use packaging and hard to recycle packaging altogether.  

For retailers and brands facing environmental challenges throughout the supply chain, they should take heart from the fact that 32% of consumers said that they would be prepared to pay more for packaging which is 100% recyclable. Of these, 43% said they would pay 5% more.

Some 30% said they would pay more for clothing and accessories packaged in recyclable material, with 41% of these saying that would also be happy to pay 5% more.

Mark Lapping, chief executive of Aquapak, said: “We recognise that businesses have many challenges to deal with when it comes sustainability, whether it is carbon, water or biodiversity but it is important that they don’t just pay lip service to new technologies but opt for real change.

“The good news is that there is a commercially proven solution that will make their plastic packaging problems disappear. We have developed Hydropol which can be incorporated into paper to create planet-friendly wrappers for dry foods, snacks and confectionery, or used as film to make garment bags, providing an alternative to current packaging which is hard to recycle and inconvenient for consumers.”

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Barbour International in Saturdays NYC collab for SS25

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Barbour International has collaborated with New York based lifestyle brand Saturdays NYC to create a three-piece capsule menswear collection for SS25.

The collection, made up of a lightweight wax jacket, a graphic sweatshirt and an oversized T-shirt, completes the Barbour International x Saturdays NYC collection available from 6 March through Barbour.com and selected stockists worldwide.
  
The collab link is inspired by Barbour International’s motorcycle heritage and Saturdays NYC’s city and surf roots. So the capsule collection “fuses both iconic brands seamlessly… present[ing] lasting quality through a modernised attitude”.

The key Lightweight Wax takes inspiration from Barbour’s original A7 jacket first introduced and created by Duncan Barbour in 1936, which became “synonymous amongst bikers back in the 1960s and 70s”. This reimagined style retains many of the original key details including the angled chest map pocket and robust functionality, we’re told. But it’s given a modern twist as it has been presented in a lighter-weight waxed cotton fabric. Finished with a dual branded logo and a shock-cord hem adjustment for more of a relaxed fit, this jacket is a synergy of both brands. 

Featuring a checkered monochrome graphic the sweatshirt “adds a bold statement to a contemporary look” while the graphic T-shirt exhibits Saturdays NYC’s “illusional graphics, with a reference to Barbour International’s black and yellow colour scheme”.

Saturdays NYC said of the second-time collaboration: “Barbour International is a brand that has inspired us since we started designing and to continue this partnership is an exciting commitment to design and craftmanship.” 
 

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Rip Curl owner KMD Brands names new CEO

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KMD Brands, owner of Rip Curl, Kathmandu, and Oboz, announced on Wednesday that Brent Scrimshaw will transition to the role of group chief executive officer and managing director, effective March 24.

Rip Curl

In his new role, Scrimshaw will work out of the Australia-headquartered company’s offices in Melbourne.

Outgoing KMD Brands CEO Michael Daly will step down March 25, and will remain on in a transitionary period with Scrimshaw until April 4.

A sports apparel veteran, Scrimshaw has been a director of KMD Brands since 2017 and global CEO of marketing services company, Enero, since 2020. Before that, the executive had a 19-year career at Nike, serving as vice president, EMEA brand marketing and core category business, and vice president and chief executive of Western Europe.

“I’m energised by the opportunity that lies ahead as I step into the group CEO role,” said ​Scrimshaw.

“Having spent 30 years building brands around the world, I’m excited to enable a strategic focus on deepening our consumer connections through bold and innovative product, all while amplifying the unique identity of our iconic brands. I look forward to collaborating with our talented teams to unlock KMD Brands’ next phase of growth.”

Daly first announced his planned departure from KMD Brands in October last year. Less than one month later, former Rip Curl CEO Brooke Farris also stepped down from her role after three years leading iconic surfwear brand.

 

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