Adidas wants to sell the rest of Kanye West's Yeezy shoes worth $300 million. They plan to charge a price that covers the cost of making them.
Nike now faces competition not only from traditional rivals like Adidas, but also from smaller, more agile shoe companies that are gaining a larger portion of the market.
Nike officially announced on its SNKRS Live platform that Nike Air 'International Blue' Foamposites will be released in 2024 Fall.
Adidas is contemplating the possibility of discarding the remaining $320 million worth of unsold Yeezy shoes following its separation from Ye, the artist formerly known as Kanye West.