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Adidas just made $160M from Yeezy branded sneakers

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Adidas announced a remarkable boost in revenue with its latest batch of Yeezy sales.

In the third quarter of this year, the brand’s iconic Yeezy line of sneakers and apparel contributed nearly $160 million to the company’s earnings.

The surge in Yeezy sales is a testament to the enduring popularity of the collaboration between Adidas and rapper/designer Kanye West. The Yeezy brand has become a cultural phenomenon, with its unique and highly sought-after sneaker designs consistently driving consumer demand.

Adidas’ Q3 earnings report revealed that Yeezy sales accounted for a significant portion of the company’s overall growth during the period. This impressive performance comes as Adidas continues to compete with rival sportswear brands in the lucrative athleisure market.

The boost in Yeezy sales can be attributed to several factors, including the release of new Yeezy models, strategic marketing campaigns, and high-profile endorsements.

Celebrities and athletes alike have been spotted donning Yeezy sneakers, further enhancing the brand’s visibility and desirability.

Despite facing supply chain challenges and global economic uncertainties, Adidas has managed to capitalize on the enduring appeal of the Yeezy brand.

The company’s ability to navigate these hurdles and maintain strong sales is a testament to its resilience and market presence.

Adidas’ latest earnings report demonstrates the continued success of its Yeezy line, generating nearly $160 million in revenue during the third quarter.

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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