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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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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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