Former Gap and J.Crew CEO Mickey Drexler pulled no punches in a chat with his friend Kanye West when it came to the celebrity's new deal with Gap.
BERLIN (Reuters) -German sportswear company Adidas raised its outlook for full-year sales and profitability as demand soared in most of the world but took a hit in China where Western brands faced a boycott of their products in late March. Adidas said its confidence was underlined by the planned launch of products such as new versions of its popular NMD sneakers, as well as sports events like the Olympics and the start of the club soccer season in Europe. Adidas now expects 2021 sales to grow up to 20%, compared to a previous forecast for a "high-teens percentage rate", and for net income from continuing operations to reach 1.4-1.5 billion euros, up from a previous 1.25-1.45 billion.
(Bloomberg) -- When the latest edition of the blockbuster video-game NBA 2K hits store shelves in September, the cover will feature a female superstar, Chicago Sky forward Candace Parker, for the first time.It’s a step that’s two decades in coming for Take-Two Interactive Software Inc.’s best-selling basketball video game – just three years ago, the game didn’t include female players at all. The studio has been adding features to its Women’s National Basketball Association gameplay since then, i