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Why Did Adidas Breaks Up With Yeezy
After Ye, formerly known as Kanye West, made several rude and antisemitic comments, Adidas cut ties with the singer on Tuesday.
After few hours, both Gap and Foot Locker announced they will pull Yeezy goods from shelves.
“Antisemitism and other forms of bigotry and discrimination are not tolerated at Foot Locker, Inc. “While we continue to be a partner with adidas and carry a wide range of their collections, we will not be supporting any future Yeezy product drops,” a Foot Locker spokeswoman said.
YeezyGap.com was also taken offline by Gap and now simply goes to the main Gap page.
According to Gap’s beliefs, “antisemitism, racism, and hate in any form are reprehensible and not accepted,” the company declared in September while announcing it would no longer work with Ye. At the time, the store announced it will liquidate all remaining Yeezy stock.
Both Gap and Foot Locker released remarks that were similar to those released by Adidas. “Antisemitism and other forms of hate speech are not tolerated at Adidas. Business ideals of “diversity and inclusiveness, mutual respect, and justice” have been “violated by Ye’s recent statements and actions,” the company claimed.
After careful consideration, the company has decided to cancel its business relationship with Ye, cease manufacturing Yeezy-branded products, and cease making any further payments to Ye and his enterprises. To put it bluntly, Adidas is pulling the plug on the Adidas Yeezy brand.
Impact On Adidas
Due to the high degree of seasonality that occurs in the fourth quarter, Adidas predicted that this would have a short-term negative impact on the company’s net income in 2022 of up to 250 million euros ($246 million).
It went on to say that it was the “sole owner of all design rights to existing goods as well as past and new colorways under the collaboration” and that it would disclose additional details when it reported its earnings for the third quarter on November 9.
After Bloomberg reported early in the day that it was preparing to discontinue the collaboration, Adidas’ share price dropped by 4% during the morning trading session in Frankfurt, Germany.
On October 6, the corporation initiated a review of the agreement, but ever since then, it has been under intense scrutiny for its lack of activity.
Also Read: What Happened To Luke Croucher?
A U.S.-based Adidas employee named Sarah Camhi took to LinkedIn on Monday to express her displeasure with the company’s handling of Kanye West’s anti-Semitic comments: “It’s been 14 days since Kanye started spewing anti-Semitic rhetoric and adidas has remained quiet; both internally to employees as well as externally to our
To which the director of trade marketing remarked, “We need to do better as a brand. Neither our employees nor our local communities are receiving the care and attention they need. I refuse to support Adidas until they make a public statement.
German firm started collaborating with Ye in 2013, and in 2016, they secured a partnership to produce and market his Yeezy line of clothes. According to Adidas, the agreement is one of the most fruitful ones in the company’s history and has had a “tremendous influence” on sales.
But in recent months, Ye has publicly challenged Adidas, as well as some of his other corporate partners, like retailer Gap.
An Already Sour Relationship
Despite the company’s financial success, Adidas and Ye’s partnership has deteriorated. Adidas has, in most cases, chosen to disregard Ye’s public rants and the subsequent media cycles, thereby distancing the creator from his work (or in this case, product).
When Ye said in 2018 that “slavery was a choice,” Adidas CEO Kasper Rrsted said, “there definitely are some things we don’t endorse,” before going on to call Ye “a very essential element of our strategy and has been a wonderful designer.”
While several Yeezy Gap products have already been released, Adidas has yet to show that it has a post-Yeezy perspective, and it also has an immediate option to fill the $2 billion hole that would be left without Yeezy (assuming sales stay strong while Ye’s public opinion tanks, which is uncertain).
Since Adidas, like Nike and its rivals, is already feeling the financial effects of a slowing economy and sitting on large amounts of surplus inventory, this void is an urgent issue.
What, if anything, could replace Yeezy? The Ivy Park collection created by Adidas and Beyoncé is a marketing fantasy, but its scale doesn’t appear comparable, and the company has never revealed any money from it.
A $2 billion profit (about the fashion house’s annual revenue) seems like a stretch for the Balenciaga collaboration, but I have no doubt that it will be successful. Williams’s Adidas collections are still impressive, but every major sneaker label has new, equally impressive collabs coming out every day.
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Biden Campaign HQ Staffers Finalize Union Deal, Setting Precedent for Reelection Campaigns
In a historic move, staffers at Joe Biden’s reelection campaign headquarters have finalized a union agreement, making it the first presidential reelection campaign to organize.
The agreement was reached between the Biden-Harris campaign and the International Brotherhood of Electrical Workers (IBEW) Local 2320. The IBEW represents nearly 200 employees at the campaign’s headquarters in Philadelphia.
According to a statement from the campaign, the agreement includes “competitive salaries and benefits, robust anti-harassment policies, as well as paid time off and employer-paid health care.”
The successful unionization effort has been praised by both labor leaders and Democratic officials.
“This is an important step towards ensuring fair and equitable treatment for campaign staff, and sets a new standard for future presidential reelection campaigns,” said Stuart Appelbaum, president of the Retail, Wholesale and Department Store Union (RWDSU).
The RWDSU also represents workers at the Democratic National Committee (DNC) and has been working with Biden’s campaign to facilitate negotiations.
“This agreement shows that the Biden-Harris campaign values its employees and recognizes their hard work and dedication,” Appelbaum added.
This move highlights the growing trend of unionization among political campaigns. In recent years, several Democratic candidates have unionized their staffs, including Senators Bernie Sanders and Elizabeth Warren during their 2020 presidential runs.
However, this marks the first time a sitting president or vice president has unionized their reelection campaign.
“The Biden-Harris campaign’s decision to prioritize workers’ rights and support collective bargaining is a testament to the value of unions in our society,” said Lee Saunders, president of the American Federation of State, County and Municipal Employees (AFSCME).
The growing presence of labor unions within political campaigns reflects a larger shift towards progressive policies within the Democratic Party. As more candidates embrace unionization efforts, it sends a message that they are committed to improving working conditions and supporting workers’ rights.
According to data from the Department for Professional Employees, union membership among young workers has been steadily increasing over the past decade. This trend is likely to continue as the younger generation becomes more politically active and aligns themselves with progressive values.
The successful unionization at the Biden campaign’s headquarters also serves as a reminder of the impact that organized labor can have in shaping workplace conditions and advocating for workers’ rights. It sets a new precedent for future presidential campaigns, and it is likely that we will see more candidates following in Biden’s footsteps.
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Rep. Sheila Jackson Lee Diagnosed with Pancreatic Cancer, Announces Congressional Absence
On Wednesday, Congresswoman Sheila Jackson Lee announced that she has been diagnosed with pancreatic cancer. In a statement released by her office, the 71-year-old representative from Houston expressed that she will be undergoing treatment for the disease.
Pancreatic cancer is known to have one of the lowest survival rates among all types of cancer. According to recent statistics, only 10% of patients diagnosed with this disease survive past five years. This news has raised concerns among Jackson Lee’s constituents, who are worried about her well-being and absence in Congress.
Jackson Lee has been representing Texas’ 18th congressional district since 1995 and is currently serving her 13th term in office. She is known for her advocacy on civil rights and criminal justice reform, as well as being a strong voice for the African-American community.
Upon hearing about her diagnosis, many of Jackson Lee’s colleagues and fellow politicians have expressed their support and well-wishes for her recovery. House Speaker Nancy Pelosi tweeted, “Sending love and prayers to my dear friend Sheila Jackson Lee as she begins treatment for pancreatic cancer. We all stand with you in this fight.”
Jackson Lee also took the opportunity to raise awareness about pancreatic cancer and its impact on communities of color. According to data from the American Cancer Society, African-Americans are more likely to develop this type of cancer at a younger age compared to other ethnic groups.
The congresswoman urged individuals to prioritize their health and get regular check-ups, as early detection is key in fighting pancreatic cancer. She also called for continued research and funding for treatments and a potential cure.
Despite her diagnosis, Jackson Lee remains determined to continue serving her constituents. In her statement, she assured the public that she will still be involved in congressional matters while undergoing treatment.
In light of her absence, Jackson Lee’s office has set up a hotline for constituents who need assistance with federal agencies or have any concerns. Her staff will also continue to hold virtual meetings with community leaders and attend events on her behalf.
As one of the longest-serving members of Congress from Texas, Rep. Sheila Jackson Lee has been a strong advocate for her district and the nation as a whole. Her health battle is a reminder to all of us to take care of ourselves and support those who are facing similar challenges. We wish her a speedy recovery and hope to see her back in Congress soon.
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Larry Allen, Dallas Cowboys Legend, Passes Away at 52
The NFL community is mourning the loss of one of its greatest players as former Dallas Cowboys offensive lineman Larry Allen has passed away at the age of 52. The cause of death has not been announced yet.
Allen was selected by the Cowboys in the second round of the 1994 NFL Draft and quickly made an impact on the field. He played for the team for 12 seasons and was known for his strength, agility and versatility, making him a key player in every position he played.
During his time with the Cowboys, Allen became a six-time Pro Bowl selection and earned first-team All-Pro honors five times. He also helped lead his team to two Super Bowls, including a victory in Super Bowl XXX.
After his time with the Cowboys, Allen played for two more seasons with the San Francisco 49ers and one season with the Dallas Desperados of the Arena Football League before retiring in 2008.
Throughout his career, Allen was known for his impressive statistics and achievements. He was named to the NFL’s All-Decade Team for both the 1990s and 2000s and is considered one of the greatest offensive linemen in NFL history.
In addition to his successful football career, Allen also made an impact off the field. He founded The Larry Allen Foundation, which provided support and resources for underprivileged youth in California.
Fans have been sharing their condolences on social media, remembering Allen as not only a talented player but also a kind and generous person. The Dallas Cowboys organization released a statement expressing their sadness over the loss of their former player.
Larry Allen’s legacy will continue to live on in the NFL and in the hearts of his fans and loved ones. He will be deeply missed by all those who knew and admired him. Rest in peace, Larry Allen. We thank you for your incredible contributions to the game of football. May your memory be a blessing to us all.
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