Gap To Lay Off 1800 As Apparel Sales Stagnate
On Thursday, Gap Inc (GPS.N) said that is would begin a second round of layoffs, cutting roughly 1800 jobs, as the company joined the list of big businesses downsizing in…
Adidas Earnings Plunge After Ye’s Exit And Russia Pullout
After exiting the Russian market, and then canceling its partnership with Kanye “Ye” West, German sportwear maker Adidas more than halved its net profits in the third quarter of 2022…
Adidas Terminates Its Relationship With Kanye West
Sportswear maker Adidas has terminated its partnership with rapper Kanye West, currently using the name Ye, following a string of controversial remarks by the rapper and fashion icon. In a…
Adidas Accused Of Massive Non-Payment Of Russian Taxes On Exit From Country
When German athleticwear giant Adidas pulled out of Russia in March, the company failed to pay 10 billion rubles ($166 million) in Russian taxes it owed, according to reports from…
Canada Goose CEO Sees Profitable Winter
Canada Goose CEO Dani Reiss struck a bullish tone at the 29th annual Goldman Sachs retail conference on Wednesday, noting, “I think it’s going to be a strong holiday season,…
