http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2025, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Thu, 18 Sep 2025 06:50:14 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html <p>Investing.com -- RBC Capital Markets on Thursday upgraded Nike shares to Outperform from Sector Perform, highlighting a stronger setup into 2026 and beyond. The broker raised its price target to $90 from $76, implying roughly 25% upside from current levels.</p> <p>RBC pointed to several drivers of the upgrade, including a steeper-than-expected revenue recovery, improved product offerings, and a revamped leadership team. The firm expects revenue growth to accelerate by the third quarter of fiscal 2026, supported by new product launches and the commercial opportunity from the 2026 FIFA World Cup.</p> <p>Nike sponsors six of the top ten FIFA-ranked teams, including France, England, and http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html Thu, 18 Sep 2025 06:50:14 -0400 ADDDF ADDYY ADS ADSG ADSGN ADSN ADSP NIKE NKE NKECL http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html <p>Investing.com -- RBC Capital Markets on Thursday upgraded Nike shares to Outperform from Sector Perform, highlighting a stronger setup into 2026 and beyond. The broker raised its price target to $90 from $76, implying roughly 25% upside from current levels.</p> <p>RBC pointed to several drivers of the upgrade, including a steeper-than-expected revenue recovery, improved product offerings, and a revamped leadership team. The firm expects revenue growth to accelerate by the third quarter of fiscal 2026, supported by new product launches and the commercial opportunity from the 2026 FIFA World Cup.</p> <p>Nike sponsors six of the top ten FIFA-ranked teams, including France, England, and http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html Thu, 18 Sep 2025 06:50:14 -0400 ADDDF ADDYY ADS ADSG ADSGN ADSN ADSP NIKE NKE NKECL http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html <p>Investing.com -- RBC Capital Markets on Thursday upgraded Nike shares to Outperform from Sector Perform, highlighting a stronger setup into 2026 and beyond. The broker raised its price target to $90 from $76, implying roughly 25% upside from current levels.</p> <p>RBC pointed to several drivers of the upgrade, including a steeper-than-expected revenue recovery, improved product offerings, and a revamped leadership team. The firm expects revenue growth to accelerate by the third quarter of fiscal 2026, supported by new product launches and the commercial opportunity from the 2026 FIFA World Cup.</p> <p>Nike sponsors six of the top ten FIFA-ranked teams, including France, England, and http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html Thu, 18 Sep 2025 06:50:14 -0400 ADDDF ADDYY ADS ADSG ADSGN ADSN ADSP NIKE NKE NKECL http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html <p>Investing.com -- RBC Capital Markets on Thursday upgraded Nike shares to Outperform from Sector Perform, highlighting a stronger setup into 2026 and beyond. The broker raised its price target to $90 from $76, implying roughly 25% upside from current levels.</p> <p>RBC pointed to several drivers of the upgrade, including a steeper-than-expected revenue recovery, improved product offerings, and a revamped leadership team. The firm expects revenue growth to accelerate by the third quarter of fiscal 2026, supported by new product launches and the commercial opportunity from the 2026 FIFA World Cup.</p> <p>Nike sponsors six of the top ten FIFA-ranked teams, including France, England, and http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html Thu, 18 Sep 2025 06:50:14 -0400 ADDDF ADDYY ADS ADSG ADSGN ADSN ADSP NIKE NKE NKECL http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html <p>Investing.com -- RBC Capital Markets on Thursday upgraded Nike shares to Outperform from Sector Perform, highlighting a stronger setup into 2026 and beyond. The broker raised its price target to $90 from $76, implying roughly 25% upside from current levels.</p> <p>RBC pointed to several drivers of the upgrade, including a steeper-than-expected revenue recovery, improved product offerings, and a revamped leadership team. The firm expects revenue growth to accelerate by the third quarter of fiscal 2026, supported by new product launches and the commercial opportunity from the 2026 FIFA World Cup.</p> <p>Nike sponsors six of the top ten FIFA-ranked teams, including France, England, and http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html Thu, 18 Sep 2025 06:50:14 -0400 ADDDF ADDYY ADS ADSG ADSGN ADSN ADSP NIKE NKE NKECL http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html <p>Investing.com -- RBC Capital Markets on Thursday upgraded Nike shares to Outperform from Sector Perform, highlighting a stronger setup into 2026 and beyond. The broker raised its price target to $90 from $76, implying roughly 25% upside from current levels.</p> <p>RBC pointed to several drivers of the upgrade, including a steeper-than-expected revenue recovery, improved product offerings, and a revamped leadership team. The firm expects revenue growth to accelerate by the third quarter of fiscal 2026, supported by new product launches and the commercial opportunity from the 2026 FIFA World Cup.</p> <p>Nike sponsors six of the top ten FIFA-ranked teams, including France, England, and http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html Thu, 18 Sep 2025 06:50:14 -0400 ADDDF ADDYY ADS ADSG ADSGN ADSN ADSP NIKE NKE NKECL http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html <p>Investing.com -- RBC Capital Markets on Thursday upgraded Nike shares to Outperform from Sector Perform, highlighting a stronger setup into 2026 and beyond. The broker raised its price target to $90 from $76, implying roughly 25% upside from current levels.</p> <p>RBC pointed to several drivers of the upgrade, including a steeper-than-expected revenue recovery, improved product offerings, and a revamped leadership team. The firm expects revenue growth to accelerate by the third quarter of fiscal 2026, supported by new product launches and the commercial opportunity from the 2026 FIFA World Cup.</p> <p>Nike sponsors six of the top ten FIFA-ranked teams, including France, England, and http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html Thu, 18 Sep 2025 06:50:14 -0400 ADDDF ADDYY ADS ADSG ADSGN ADSN ADSP NIKE NKE NKECL http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html <p>Investing.com -- RBC Capital Markets on Thursday upgraded Nike shares to Outperform from Sector Perform, highlighting a stronger setup into 2026 and beyond. The broker raised its price target to $90 from $76, implying roughly 25% upside from current levels.</p> <p>RBC pointed to several drivers of the upgrade, including a steeper-than-expected revenue recovery, improved product offerings, and a revamped leadership team. The firm expects revenue growth to accelerate by the third quarter of fiscal 2026, supported by new product launches and the commercial opportunity from the 2026 FIFA World Cup.</p> <p>Nike sponsors six of the top ten FIFA-ranked teams, including France, England, and http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html Thu, 18 Sep 2025 06:50:14 -0400 ADDDF ADDYY ADS ADSG ADSGN ADSN ADSP NIKE NKE NKECL http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html <p>Investing.com -- RBC Capital Markets on Thursday upgraded Nike shares to Outperform from Sector Perform, highlighting a stronger setup into 2026 and beyond. The broker raised its price target to $90 from $76, implying roughly 25% upside from current levels.</p> <p>RBC pointed to several drivers of the upgrade, including a steeper-than-expected revenue recovery, improved product offerings, and a revamped leadership team. The firm expects revenue growth to accelerate by the third quarter of fiscal 2026, supported by new product launches and the commercial opportunity from the 2026 FIFA World Cup.</p> <p>Nike sponsors six of the top ten FIFA-ranked teams, including France, England, and http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html Thu, 18 Sep 2025 06:50:14 -0400 ADDDF ADDYY ADS ADSG ADSGN ADSN ADSP NIKE NKE NKECL http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html <p>Investing.com -- RBC Capital Markets on Thursday upgraded Nike shares to Outperform from Sector Perform, highlighting a stronger setup into 2026 and beyond. The broker raised its price target to $90 from $76, implying roughly 25% upside from current levels.</p> <p>RBC pointed to several drivers of the upgrade, including a steeper-than-expected revenue recovery, improved product offerings, and a revamped leadership team. The firm expects revenue growth to accelerate by the third quarter of fiscal 2026, supported by new product launches and the commercial opportunity from the 2026 FIFA World Cup.</p> <p>Nike sponsors six of the top ten FIFA-ranked teams, including France, England, and http://www.streetinsider.com/Investing/Nike+raised+to+Outperform+at+RBC+on+revenue+recovery%2C+World+Cup+boost+expectations/25348296.html Thu, 18 Sep 2025 06:50:14 -0400 ADDDF ADDYY ADS ADSG ADSGN ADSN ADSP NIKE NKE NKECL http://www.streetinsider.com/Hot+List+Pro/Here+are+the+current+sportswear+trends+in+US+and+Europe/23758372.html <p>The sportswear industry is seeing shifts in both the U.S. and Europe, with consumer preferences increasingly leaning toward premium brands, casualization, and the influence of global sporting events. </p><p>Analysts from Bernstein in a note said that their retail channel checks across both regions revealed a nuanced landscape where premium running brands, strategic inventory management, and evolving consumer behavior are shaping the future of sportswear.</p><p>In the U.S., a key trend is the ongoing success of Running Specialty products, which are outpacing general sportswear. Premium running brands like On and Hoka are driving this momentum, with footwear priced above $100 consistently outperforming http://www.streetinsider.com/Hot+List+Pro/Here+are+the+current+sportswear+trends+in+US+and+Europe/23758372.html Wed, 25 Sep 2024 03:00:00 -0400 ADDDF http://www.streetinsider.com/Hot+List/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html <p>The Running Footwear market has grown increasingly competitive, and legacy brands are losing share. In a report this week, Bernstein analyst Aneesha Sherman provided a deep-dive into the evolving landscape of the $30-billion running footwear category and the implications for footwear stocks.</p><p>Nike (NYSE: NKE) and Adidas (OTC: ADDDF) have long dominated this segment, but they have lost share in recent years. Nike remains the market leader with 20% share, but it has lost around 1000bps of $1 billion GMV since 2016, pointed out Bernstein analysts in the note.</p><p>“A useful exercise is to look at how much Running Footwear GMV was http://www.streetinsider.com/Hot+List/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html Thu, 07 Mar 2024 20:00:00 -0400 ADDDF ADDDY LULU NKE http://www.streetinsider.com/Hot+List/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html <p>The Running Footwear market has grown increasingly competitive, and legacy brands are losing share. In a report this week, Bernstein analyst Aneesha Sherman provided a deep-dive into the evolving landscape of the $30-billion running footwear category and the implications for footwear stocks.</p><p>Nike (NYSE: NKE) and Adidas (OTC: ADDDF) have long dominated this segment, but they have lost share in recent years. Nike remains the market leader with 20% share, but it has lost around 1000bps of $1 billion GMV since 2016, pointed out Bernstein analysts in the note.</p><p>“A useful exercise is to look at how much Running Footwear GMV was http://www.streetinsider.com/Hot+List/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html Thu, 07 Mar 2024 20:00:00 -0400 ADDDF ADDDY LULU NKE http://www.streetinsider.com/Hot+List/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html <p>The Running Footwear market has grown increasingly competitive, and legacy brands are losing share. In a report this week, Bernstein analyst Aneesha Sherman provided a deep-dive into the evolving landscape of the $30-billion running footwear category and the implications for footwear stocks.</p><p>Nike (NYSE: NKE) and Adidas (OTC: ADDDF) have long dominated this segment, but they have lost share in recent years. Nike remains the market leader with 20% share, but it has lost around 1000bps of $1 billion GMV since 2016, pointed out Bernstein analysts in the note.</p><p>“A useful exercise is to look at how much Running Footwear GMV was http://www.streetinsider.com/Hot+List/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html Thu, 07 Mar 2024 20:00:00 -0400 ADDDF ADDDY LULU NKE http://www.streetinsider.com/Hot+List/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html <p>The Running Footwear market has grown increasingly competitive, and legacy brands are losing share. In a report this week, Bernstein analyst Aneesha Sherman provided a deep-dive into the evolving landscape of the $30-billion running footwear category and the implications for footwear stocks.</p><p>Nike (NYSE: NKE) and Adidas (OTC: ADDDF) have long dominated this segment, but they have lost share in recent years. Nike remains the market leader with 20% share, but it has lost around 1000bps of $1 billion GMV since 2016, pointed out Bernstein analysts in the note.</p><p>“A useful exercise is to look at how much Running Footwear GMV was http://www.streetinsider.com/Hot+List/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html Thu, 07 Mar 2024 20:00:00 -0400 ADDDF ADDDY LULU NKE http://www.streetinsider.com/Hot+List+Pro/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html <p>The Running Footwear market has grown increasingly competitive, and legacy brands are losing share. In a report this week, Bernstein analyst Aneesha Sherman provided a deep-dive into the evolving landscape of the $30-billion running footwear category and the implications for footwear stocks.</p><p>Nike (NYSE: NKE) and Adidas (OTC: ADDDF) have long dominated this segment, but they have lost share in recent years. Nike remains the market leader with 20% share, but it has lost around 1000bps of $1 billion GMV since 2016, pointed out Bernstein analysts in the note.</p><p>“A useful exercise is to look at how much Running Footwear GMV was http://www.streetinsider.com/Hot+List+Pro/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html Thu, 07 Mar 2024 20:00:00 -0400 ADDDF ADDDY LULU NKE http://www.streetinsider.com/Hot+List+Pro/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html <p>The Running Footwear market has grown increasingly competitive, and legacy brands are losing share. In a report this week, Bernstein analyst Aneesha Sherman provided a deep-dive into the evolving landscape of the $30-billion running footwear category and the implications for footwear stocks.</p><p>Nike (NYSE: NKE) and Adidas (OTC: ADDDF) have long dominated this segment, but they have lost share in recent years. Nike remains the market leader with 20% share, but it has lost around 1000bps of $1 billion GMV since 2016, pointed out Bernstein analysts in the note.</p><p>“A useful exercise is to look at how much Running Footwear GMV was http://www.streetinsider.com/Hot+List+Pro/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html Thu, 07 Mar 2024 20:00:00 -0400 ADDDF ADDDY LULU NKE http://www.streetinsider.com/Hot+List+Pro/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html <p>The Running Footwear market has grown increasingly competitive, and legacy brands are losing share. In a report this week, Bernstein analyst Aneesha Sherman provided a deep-dive into the evolving landscape of the $30-billion running footwear category and the implications for footwear stocks.</p><p>Nike (NYSE: NKE) and Adidas (OTC: ADDDF) have long dominated this segment, but they have lost share in recent years. Nike remains the market leader with 20% share, but it has lost around 1000bps of $1 billion GMV since 2016, pointed out Bernstein analysts in the note.</p><p>“A useful exercise is to look at how much Running Footwear GMV was http://www.streetinsider.com/Hot+List+Pro/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html Thu, 07 Mar 2024 20:00:00 -0400 ADDDF ADDDY LULU NKE http://www.streetinsider.com/Hot+List+Pro/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html <p>The Running Footwear market has grown increasingly competitive, and legacy brands are losing share. In a report this week, Bernstein analyst Aneesha Sherman provided a deep-dive into the evolving landscape of the $30-billion running footwear category and the implications for footwear stocks.</p><p>Nike (NYSE: NKE) and Adidas (OTC: ADDDF) have long dominated this segment, but they have lost share in recent years. Nike remains the market leader with 20% share, but it has lost around 1000bps of $1 billion GMV since 2016, pointed out Bernstein analysts in the note.</p><p>“A useful exercise is to look at how much Running Footwear GMV was http://www.streetinsider.com/Hot+List+Pro/The+stocks+racing+to+the+top+of+the+%2430B+Running+Footwear+market/22903378.html Thu, 07 Mar 2024 20:00:00 -0400 ADDDF ADDDY LULU NKE http://www.streetinsider.com/General+News/Adidas+sees+stronger-than-expected+demand+for+unsold+Yeezy+shoes+-+FT/21936488.html <p>Investing.com -- Shares in Adidas AG (ETR:ADSGN) edged higher on Monday after the Financial Times reported that sales of the first batch of <a href="https://www.investing.com/academy/statistics/adidas-facts/">the German sportswear group</a>'s unsold "Yeezy" shoes topped its "most optimistic forecast."</p><p>Adidas previously halted sales of the shoes after it cut ties with Ye last year following antisemitic remarks made by the rapper formerly known as Kanye West. The loss of the profitable line took around a $440 million chunk out of first-quarter sales.</p><p>In order to avoid a deep write-down on its remaining stock, the Herzogenaurach, Germany-based company announced in May that it would sell some http://www.streetinsider.com/General+News/Adidas+sees+stronger-than-expected+demand+for+unsold+Yeezy+shoes+-+FT/21936488.html Mon, 24 Jul 2023 06:59:28 -0400 ADDDF ADDYY ADSGN http://www.streetinsider.com/General+News/Adidas+sees+stronger-than-expected+demand+for+unsold+Yeezy+shoes+-+FT/21936488.html <p>Investing.com -- Shares in Adidas AG (ETR:ADSGN) edged higher on Monday after the Financial Times reported that sales of the first batch of <a href="https://www.investing.com/academy/statistics/adidas-facts/">the German sportswear group</a>'s unsold "Yeezy" shoes topped its "most optimistic forecast."</p><p>Adidas previously halted sales of the shoes after it cut ties with Ye last year following antisemitic remarks made by the rapper formerly known as Kanye West. The loss of the profitable line took around a $440 million chunk out of first-quarter sales.</p><p>In order to avoid a deep write-down on its remaining stock, the Herzogenaurach, Germany-based company announced in May that it would sell some http://www.streetinsider.com/General+News/Adidas+sees+stronger-than-expected+demand+for+unsold+Yeezy+shoes+-+FT/21936488.html Mon, 24 Jul 2023 06:59:28 -0400 ADDDF ADDYY ADSGN http://www.streetinsider.com/General+News/Adidas+sees+stronger-than-expected+demand+for+unsold+Yeezy+shoes+-+FT/21936488.html <p>Investing.com -- Shares in Adidas AG (ETR:ADSGN) edged higher on Monday after the Financial Times reported that sales of the first batch of <a href="https://www.investing.com/academy/statistics/adidas-facts/">the German sportswear group</a>'s unsold "Yeezy" shoes topped its "most optimistic forecast."</p><p>Adidas previously halted sales of the shoes after it cut ties with Ye last year following antisemitic remarks made by the rapper formerly known as Kanye West. The loss of the profitable line took around a $440 million chunk out of first-quarter sales.</p><p>In order to avoid a deep write-down on its remaining stock, the Herzogenaurach, Germany-based company announced in May that it would sell some http://www.streetinsider.com/General+News/Adidas+sees+stronger-than-expected+demand+for+unsold+Yeezy+shoes+-+FT/21936488.html Mon, 24 Jul 2023 06:59:28 -0400 ADDDF ADDYY ADSGN http://www.streetinsider.com/Investing/Adidas+sees+stronger-than-expected+demand+for+unsold+Yeezy+shoes+-+FT/21936488.html <p>Investing.com -- Shares in Adidas AG (ETR:ADSGN) edged higher on Monday after the Financial Times reported that sales of the first batch of <a href="https://www.investing.com/academy/statistics/adidas-facts/">the German sportswear group</a>'s unsold "Yeezy" shoes topped its "most optimistic forecast."</p><p>Adidas previously halted sales of the shoes after it cut ties with Ye last year following antisemitic remarks made by the rapper formerly known as Kanye West. The loss of the profitable line took around a $440 million chunk out of first-quarter sales.</p><p>In order to avoid a deep write-down on its remaining stock, the Herzogenaurach, Germany-based company announced in May that it would sell some http://www.streetinsider.com/Investing/Adidas+sees+stronger-than-expected+demand+for+unsold+Yeezy+shoes+-+FT/21936488.html Mon, 24 Jul 2023 06:59:28 -0400 ADDDF ADDYY ADSGN http://www.streetinsider.com/Investing/Adidas+sees+stronger-than-expected+demand+for+unsold+Yeezy+shoes+-+FT/21936488.html <p>Investing.com -- Shares in Adidas AG (ETR:ADSGN) edged higher on Monday after the Financial Times reported that sales of the first batch of <a href="https://www.investing.com/academy/statistics/adidas-facts/">the German sportswear group</a>'s unsold "Yeezy" shoes topped its "most optimistic forecast."</p><p>Adidas previously halted sales of the shoes after it cut ties with Ye last year following antisemitic remarks made by the rapper formerly known as Kanye West. The loss of the profitable line took around a $440 million chunk out of first-quarter sales.</p><p>In order to avoid a deep write-down on its remaining stock, the Herzogenaurach, Germany-based company announced in May that it would sell some http://www.streetinsider.com/Investing/Adidas+sees+stronger-than-expected+demand+for+unsold+Yeezy+shoes+-+FT/21936488.html Mon, 24 Jul 2023 06:59:28 -0400 ADDDF ADDYY ADSGN http://www.streetinsider.com/Investing/Adidas+sees+stronger-than-expected+demand+for+unsold+Yeezy+shoes+-+FT/21936488.html <p>Investing.com -- Shares in Adidas AG (ETR:ADSGN) edged higher on Monday after the Financial Times reported that sales of the first batch of <a href="https://www.investing.com/academy/statistics/adidas-facts/">the German sportswear group</a>'s unsold "Yeezy" shoes topped its "most optimistic forecast."</p><p>Adidas previously halted sales of the shoes after it cut ties with Ye last year following antisemitic remarks made by the rapper formerly known as Kanye West. The loss of the profitable line took around a $440 million chunk out of first-quarter sales.</p><p>In order to avoid a deep write-down on its remaining stock, the Herzogenaurach, Germany-based company announced in May that it would sell some http://www.streetinsider.com/Investing/Adidas+sees+stronger-than-expected+demand+for+unsold+Yeezy+shoes+-+FT/21936488.html Mon, 24 Jul 2023 06:59:28 -0400 ADDDF ADDYY ADSGN