Adidas says it won't destroy its mountain of unsold Yeezy stock but plans to sell these items and donate profits to charity

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Kanye West in front of the logos for Yeezy and Adidas
Kanye West.

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A major Adidas shareholder is demanding answers over the company's tumultuous relationship with Kanye West

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Kanye West and Adidas CMO Eric Liedtke
Adidas' Eric Liedtke and Kanye West.

Jonathan Leibson/Getty Images for ADIDAS

Adidas still doesn't know what to do with its $1.3 billion mountain of unsold Yeezy stock, 6 months after cutting ties with Kanye West

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Adidas Yeezy
Adidas Yeezy.

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This reseller's side hustle started as a way to get his family out of debt. Now he's made over $1.4 million on StockX by working around 10 hours a month.

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Ray Cao has sold over $1.4 million in goods on StockX.
Ray Cao has sold over $1.4 million in goods on StockX.

Brian Tran

I sell used sneakers on Goat to pay for new pairs to add to my collection. Here's how to guarantee a sale on the resale platform.

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Danni Collection
I started reselling used sneakers in the summer of 2022.

Danni Santana

Adidas stock price faces these 6 threats with Yeezy split set to wipe out $1.3 billion in earnings

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Kanye West and Adidas CMO Eric Liedtke
Adidas ended a six-year partnership with Ye last year after the rapper repeatedly made anti-Semitic comments on Twitter.

Jonathan Leibson/Getty Images for ADIDAS

Gap says it's getting rid of some managers as sales slide. One retail expert likens the company to a 'lazy student' unwilling to deliver a 'better performance.'

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Shoppers walk past Gap advertising in Birmingham, England.
A Gap store in the UK.

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Adidas CEO warns donating Yeezys could backfire as the company struggles to get rid of its $1.3 billion stockpile

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Adidas CEO Björn Gulden
2023 is expected to be a "transition" year for Adidas, CEO Bjørn Gulden said.

Daniel Karmann/picture alliance

Adidas will slash its dividends as the split with Kanye West's Yeezy looks set to wipe out $1.3 billion in earnings

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Kanye West and Adidas
Adidas has warned it could lose $1.3 billion after severing ties with 'Yeezy' designer Ye.

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Adidas hasn't decided whether it's going to take a $526 million hit from not selling remaining Yeezys

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Adidas on Wednesday said it hasn't decided what to do with its remaining Yeezy inventory.
Adidas on Wednesday said it hasn't decided what to do with its remaining Yeezy inventory.

Paco Freire/SOPA Images/LightRocket/Getty Images

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