In a shock turn of events, adidas announced late last night that it has decided not to write off the remaining Yeezy inventory after its split with Kanye West, despite previous statements claiming that the stock would be destroyed rather than sold. The label’s CEO Bjørn Gulden has now stated that adidas will now sell the rest of the stock for “at least cost price” and will only write off “stock that has been damaged or or very broken in sizes”. It has also stated that the leftover products would equate to around €250 Million EUR in revenue. Due to the fact that the brand will sell the units at cost price, it’s predicted that the stock will not change the brand’s estimated profits for 2024.
This means that we could well see Yeezy products back on the shelves in the near future, which many sneakerheads will see as an obvious positive. It’s unknown as of yet exactly what stock remains, however there’s a chance we could see plenty of pairs from the past make a reappearance. Stay locked in right here at Crepslocker for more on this developing story as it happens and while you’re with us, check out the rest of our site for even more sneaker news, luxury fashion updates and streetwear drops!
