1. Department: Consumer Durables

Adidas Sees Smaller 2023 Loss Thanks to Yeezy Sales

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Adidas expects a smaller operating loss of 450 million euros ($498.56 million) this year, thanks to unexpectedly strong sales of Yeezy shoes left over from their terminated collaboration with rapper Kanye West (Ye). The German sportswear giant had previously forecasted a loss of 700 million euros for the year, but the success of Yeezy sales…

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