adidas

Nike Inc. NKE -3.41% has said it didn’t have enough inventory to meet consumer demand for the past two years. Now, it has too much—and the sneaker giant needs to step up discounts to clear out items. The company on Thursday said inventories rose 44% to $9.7 billion in the latest quarter, and higher discounts and freight costs squeezed profit margins. Executives said they would mark down more goods, especially apparel, heading into the holidays. Shares of Nike tumbled…

Diddy and Swizz Beatz are backing fellow hip-hop star-turned-mogul Kanye West in his public skirmish with Adidas, the sportswear brand that manufactures the rapper’s Yeezy footwear.They’re calling for a boycott of Adidas until the brand “make this right” and Ye’s work is “respected and not stolen,” they said Tuesday in a pair of Instagram posts.The recording artist, legally known as Ye, has kept busy on social media over the past few weeks after calling out Adidas earlier this summer over its Adilette 22 slide sandals,…

Photo: Lionel Bonaventure (Getty Images)YouTube was on the precipice of cutting all of its most profitable ads amid fallout from Elsagate, the most bizarre scandal in the history of the biggest video-sharing site on the internet. It’s a silly name, but it hearkens to a time when thousands of disturbing algorithm-driven videos starring popular children’s characters flooded the sections of the site normally intended for kids. Indicating just how serious the problem was, the move to cut ads would have immediately cost the…

BERLIN— Adidas AG ADDYY -5.32% said Chief Executive Kasper Rorsted will step down next year in an unexpected development for a company that has struggled in its key China market recently. The German sportswear firm said the decision was made by mutual agreement and that Mr. Rorsted will remain in office until a new leader is appointed in 2023. “After three challenging years that were marked by…

Adidas has launched its RPT-02 SOL solar-powered wireless headphones in the US. These headphones are developed with the ability to charge using both natural…

Sporting brand adidas has become the latest company to employ Powerfoyle solar-charging technology to keep the wireless music playing. The RPT-02 SOL wireless headphones have also been made using post-consumer recycled plastic.The release of the RPT-02 SOL headphones follows last week's launch of the Phoenix true wireless earphones from Urbanista, which rock the same Powerfoyle light cell technology from Exeger but on the charging case instead of the buds themselves. Both models have been developed and manufactured by…

Solar-powered gadgets are nothing new — Logitech has sold keyboards you never have to plug in for over a decade now. But an audio headset where barely there solar cells blend into the design? Until this week, we’d only ever tried one of those. Now, there are at least four. On Tuesday, Adidas announced the RPT-02 SOL, a $230 pair of self-charging Bluetooth cans with Exeger’s Powerfoyle solar cells built right into the recycled plastic headband (via Engadget). That’s the same exact technology as in the Urbanista Los…

Rain or shine, a new pair of solar-powered wireless headphones by Adidas has you covered. The athletic brand teamed up with Zound Industries to make the Adidas RPT-02 SOL on-ear headphones, which can be charged with either natural or artificial light. We were pleasantly surprised by Adidas’ previously-launched , which features 40 hours of wireless playback. The newer line promises double that amount — 80 hours of stored playtime — not to mention the ability to charge at any time of day. It's also made of a combination of…

Authentic Brands Group LLC said it has agreed to buy Ted Baker TED 17.08% PLC for the equivalent of $254 million, adding the struggling British fashion label to its stable of brands that include Brooks Brothers and Reebok. The New York-based company said Tuesday there were “significant growth opportunities for the Ted Baker brand in North America” in particular, and that taking the business private would enable a restructuring that…

Apple has launched its Apple Pay service in Malaysia, and customers can now use Apple Pay with their iPhone, Apple Watch, iPad, and Mac.Thousands of retailers will accept Apple Pay, with support from some of Malaysia's most established banks across major credit and debit networks, the company said in a statement."We are delighted to bring Apple Pay to Malaysia, providing an easier, safer, and more secure way to pay with an iPhone, Apple Watch, iPad, or Mac. We think users will love the convenience and security of using…