Adidas To Continue Selling Yeezy Designs Without Kanye West [Forbes]
Gap, Inc. (The) (GPS)
Last gap, inc. (the) earnings: 3/12 04:15 pm
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Source: Forbes
Adidas To Continue Selling Yeezy Designs Without Kanye WestgettyAdidas’ partnership with Kanye West started off strong accounting for abouthalf of Adidas’s total profitsAs a result of West’s antisemitic comments andtroubling behaviorThe company put out astatementThey approximated a short-term loss of $247 million on the company’s net income in 2022 given the high seasonality of the fourth quarter.On an earnings call earlier this month, Adidas said it plans to release more Yeezys under its own branding. As would be expected, West had previously objected to Adidas releasing shoes without his approval. Adidas Chief Financial Officer Harm Ohlmeyer stated that Adidas has sole ownership of all design rights to existing products as well as previous and new color-ways under the partnership. He also said that the brand intends to make use of these rights as early as 2023. Their recent earnings report was in line with the company’s forecasted loss. However, in 2023 the company will save approxi
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News
- Column: As taxpayers tire of handouts to billionaires, Major League Baseball demands public funding for a Vegas stadium [Los Angeles Times (CA)]Los Angeles Times
- Here's Why Gap (GPS) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- Gap Stock Almost Flat This Year, What's Next? [Forbes]Forbes
- Why the Market Dipped But Gap (GPS) Gained Today [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing The Gap (GPS) Right Now? [Yahoo! Finance]Yahoo! Finance
GPS
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- 3/7/24 - Beat
GPS
Sec Filings
- 4/12/24 - Form 4
- 3/28/24 - Form 4
- 3/27/24 - Form 4
- GPS's page on the SEC website