1. Department: Consumer Durables

Adidas shares tank after company issues warning over unsold Yeezy stock

Written by Posted on Less than 0 min read

Adidas shares plummeted after the company said it could lose around 1.2 billion euros ($1.3 billion) in revenue in 2023 if it is unable to sell Yeezy stock.”

View Original Article
Member since
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com
Do you like CNBC's articles? Follow on social!

More from CNBC

  1. CPG: Food & Bev

PepsiCo earnings top estimates, but quarterly revenue slides for the first time in nearly four years

PepsiCo’s revenue fell 0.5% in the fourth quarter, as it saw slower demand in North America. View Original Article PepsiCo Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than […]
< 1 min read
0
  1. Trends & External Forces

Peloton is about to tack on hundreds of dollars in fees to its Bike and treadmill, citing inflation

Peloton is about to begin effectively charging customers more for its original Bike and Tread products, citing inflation and heightened supply chain costs. View Original Article Economy Operations & Supply Chain CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market […]
< 1 min read
0
  1. Holiday & Events

Americans plan to keep cutting back on spending through the holidays, new survey says

​U.S. consumers have cut back on spending and plan to continue to do so through the holiday shopping season, a new CNBC-Morning Consult survey says.  View Original Article Consumers Holiday & Events Thick Data CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides […]
< 1 min read
0
  1. Channel: Restaurants

Restaurant Brands revenue disappoints Wall Street as Burger King same-store sales miss estimates

​[[“value”:”Burger King parent Restaurant Brands International’s quarterly revenue fell short of Wall Street’s expectations.”]]  View Original Article Economy International Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people […]
< 1 min read
0
  1. Technology & Innovation

Ralph Lauren CEO says metaverse is way to tap into younger generation of shoppers

Ralph Lauren CEO Patrice Louvet said participating in the virtual world extends the brand’s reach and creates new money-making opportunities. View Original Article Executives Metaverse Shoppers Trends: Tech CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Trends & External Forces

Beyond Meat cuts revenue outlook, says it’s trimming workforce

KEY POINTS Beyond Meat lowered its 2022 revenue forecast and announced it will trim its workforce by 4% The company cited inflation, rising interest rates and recession concerns for the revised outlook. The company’s net sales also dropped 1.6% to $147 million and its net loss widened. Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, […]
2 min read
0
  1. Corporate Strategy

Starbucks unveils plan to add 17,000 locations by 2030, cut $3 billion in costs

​[[“value”:”The announcement marks the latest stage in the company’s broader “reinvention” strategy, which was laid out by former CEO Howard Schultz.”]]  View Original Article Strategy Restaurants Predictions and Forecasts Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Technology & Innovation

How layoffs and A.I. are impacting tech workers

​[[“value”:”After years of unstoppable growth, big tech’s pandemic bubble burst forcing tech companies to trim their rosters”]]  View Original Article Associates Technology & Innovation BigTech COVID19 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Channel: Specialty & Other

The new Bed Bath & Beyond’s CEO is out, days after activist firm called for his ouster

​[[“value”:”The CEO of the new Bed Bath & Beyond suddenly left the position Monday, the same day the company’s planned corporate name change took effect.”]]  View Original Article Bed Bath & Beyond Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
  1. Channel: Restaurants

McDonald’s diners are pushing back against price increases in some markets, CEO says

​ ​Consumer companies like McDonald’s, PepsiCo and Coca-Cola are reporting mixed reactions to higher prices during the first quarter.  View Original Article Coca Cola Executives Consumers Restaurants PepsiCo CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Trends & External Forces

Our top 5 stocks of October so far as Wall Street rebounds from a September slump

​[[“value”:”This month has been more kind to stocks than last. Our top performers at the halfway mark include Foot Locker and Eli Lilly.”]]  View Original Article Economy CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Media & Marketing

Peloton’s brand gets slammed again after an unfavorable portrayal in ‘Billions’

Capping off a turbulent week, another television character appeared in a popular TV show having a heart attack after riding a Peloton Bike. View Original Article Marketing: Broadcast CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Channel: Restaurants

Olive Garden owner Darden Restaurants buys Ruth’s Chris Steak House for $715 million

​ ​[[“value”:”Ruth’s Chris Steak House has more than 150 locations worldwide and generated $505.9 million in revenue in 2022.”]]  View Original Article Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 […]
< 1 min read
0
  1. Holiday & Events

Thanksgiving dinner will be cheaper this year thanks to lower turkey costs, survey shows

​ ​  ​[[“value”:”While Thanksgiving food costs less than it did a year ago, it’s still much more expensive than it was before the pandemic.”]]  View Original Article Thick Data Dept. Grocery COVID19 Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
  1. Channel: Restaurants

Starbucks is launching olive oil-infused coffee in Italy, plans U.S. release this spring

​   ​   [[“value”:”CEO Howard Schultz teased the release on Starbucks’ earnings call, calling it “alchemy” and a “game-changer.””]]  View Original Article Dept. Beverage Dept. Fuel Executives Restaurants Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Media & Marketing

It’s TikTok Shop’s first Christmas, and shoppers are torn between hot deals and ethics

​ ​  ​[[“value”:”As consumers head into the holiday season, a new e-commerce platform has entered the playing field: TikTok Shop.”]]  View Original Article Consumers Holiday & Events Marketing: Social Media Shoppers TikTok CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Trends & External Forces

2 takeaways from our daily meeting: We like health care and staples, Club names in the news

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET. View Original Article Dept. HBC Health & Wellness CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million […]
< 1 min read
0
  1. Channel: Restaurants

Popeyes overtakes KFC as No. 2 chicken chain, but Chick-fil-A stays on top

​[[“value”:”Both Popeyes and KFC have lost market share to Chick-fil-A over the past year, according to Barclays research.”]]  View Original Article Restaurants Technology & Innovation CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by […]
< 1 min read
0
  1. Department: Consumer Durables

Burberry shares sink 9% as luxury spending slowdown bites

​ ​  ​Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts  View Original Article Dept. Apparel International - UK CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides […]
< 1 min read
0
Next