Latest news with #Yeezys
Sky News AU
21-05-2025
- Business
- Sky News AU
Empty-handed customers enraged as luxury shoe shop the Dough Store closes physical outlets in Melbourne, the Gold Coast
Aussie shoppers are furious as an entrepreneur has closed down brick-and-mortar stores, with some claiming to be out hundreds of dollars after products never arrived. Sneaker shop the Dough Store, which was recently rebranded as DS Sneakers, has shut down its physical stores in Melbourne and the Gold Coast. A Victorian customer Steven West told News Corp a $785 pair of Nike shoes he ordered more than a year ago failed to show up despite him sending multiple follow-up emails to the company. After the Dough Store told Mr West he could no longer get the shoes, he was offered store credit which he used to place an order for another pair of shoes and a hoodie. But he did not receive those purchases either. 'Another four months went by and it never arrived,' Mr West said. 'I started messaging them on Instagram and Facebook. They contacted me via Instagram, and said it was out of their control. "They kept saying, 'oh, we'll give you a refund'.' The store has received some similar complaints in reviews found online. A common theme is customers alleging the company failed to send the products they purchased, with some of these orders setting disgruntled shoppers back thousands of dollars. One man, whose user name is Jacob, wrote in a review that he had ordered a pair of shoes from the Dough Store in November 2024 but they had not arrived. Jacob said he had given up on the shoes and started asking for a refund, but would rarely receive responses. 'When I reply to emails, there is no follow up unless I threaten legal action and VCAT (Victorian Civil and Administrative Tribunal) intervention, to which they then don't reply to my follow up,' Jacob wrote on 'AVOID this company.' One reviewer claimed to have not received their $4,000 order while another said they never got a $600 pair of Yeezys they purchased. The Dough Store's owner Jay Edwards-Kloss said his company had been working to resolve the outstanding delays and issues and stressed the team's 'commitment to resolve the rest no matter what'. 'We have not buried our heads in the sand and we would never,' he told News Corp. He said the business had faced challenges over the past year as cost of living pressures meant many were shying away from splashing out on big name brands that would usually attract a high price tag. '(Especially for) the luxury streetwear market with the flow on effect of the economy and Nike (our best selling products) choices to flood the market and kill the value and desirability of majority of our stock,' Mr Edwards-Kloss said. A Consumer Affairs Victoria spokesperson confirmed they had received complaints from Dough Store customers. 'We are aware of reports about this business and encourage any Victorian consumers with concerns to contact us for assistance,' they said. 'Consumer Affairs Victoria takes reports of businesses engaging in unlawful conduct very seriously and will investigate and take further action where necessary.'
Yahoo
19-05-2025
- Business
- Yahoo
Adidas CEO: Company will raise prices due to tariffs, can't make products in US
Iconic sportswear and footwear giant Adidas said Tuesday that the price of all its products will rise in the U.S. due to President Donald Trump's tariffs. "Since we currently cannot produce almost any of our products in the U.S., these higher tariffs will eventually cause higher costs for all our products for the U.S. market," CEO Bjørn Gulden said in a statement on the German company's first quarter results released April 29. The brand, best known for sneakers like the Adidas Sambas and Ultraboosts, sources and manufactures many of its products and product components from countries like China, Vietnam, Indonesia, India and Cambodia. China is currently still saddled with a 145% import tariff, and the others were slated for tariffs ranging from 26% to 49% before Trump's 90-day pause initiated on April 9. In the meantime, the blanket 10% levied against most countries still has an impact on business, Gulden said. "Although we had already reduced the China exports to the U.S. to a minimum, we are somewhat exposed to those currently very high tariffs. What is even worse for us is the general increase in U.S. tariffs from all other countries of origin," he said in the April 29 statement. "Cost increases due to higher tariffs will eventually cause price increases." Parental woes: How tariffs could affect baby formula, diapers and other essentials Gulden said the company would not be sharing a year-ahead profit outlook due to the volatility of the current market, despite a "great" quarter. In the U.S., sales were up just 3% in the first three months of the year, when including the winddown of the sale of Yeezys due to the brand's terminated partnership with Kanye West. That number went up to 13% when excluding the Yeezy line. Sales were also up 26% in Latin America, 14% in Europe, and 13% in China, Japan, and South Korea, said the quarterly review. Net sales climbed 12.7% while operating margins rose 3.8 points to 9.9%, bringing the company's total operating profit to 610 million Euros ($695 million USD) in the first quarter. That's an 82% increase. Gulden said that despite the overall positive picture, it's currently "impossible" to quantify or conclude what impact tariff uncertainty will have on consumers. "In a 'normal world' with this strong quarter, the strong order book and in general a very positive attitude towards Adidas, we would have increased our outlook for the full year both for revenues and operating profit," Gulden said. "Given the uncertainty around the negotiations between the U.S. and the different exporting countries, we do not know what the final tariffs will be." He added: "Therefore, we cannot make any 'final' decisions on what to do." This article originally appeared on USA TODAY: Adidas CEO: Company to raise prices in wake of Trump's tariffs Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
29-04-2025
- Business
- USA Today
Adidas CEO: Company will raise prices due to tariffs, can't make products in US
Adidas CEO: Company will raise prices due to tariffs, can't make products in US Show Caption Hide Caption White House: Amazon tariff announcement is 'hostile' The White House responded to reports that Amazon plans to display the share of items' costs derived from tariffs, calling the move "hostile." Iconic sportswear and footwear giant Adidas said Tuesday that the price of all its products will rise in the U.S. due to President Donald Trump's tariffs. "Since we currently cannot produce almost any of our products in the U.S., these higher tariffs will eventually cause higher costs for all our products for the U.S. market," CEO Bjørn Gulden said in a statement on the German company's first quarter results released April 29. The brand, best known for sneakers like the Adidas Sambas and Ultraboosts, sources and manufactures many of its products and product components from countries like China, Vietnam, Indonesia, India and Cambodia. China is currently still saddled with a 145% import tariff, and the others were slated for tariffs ranging from 26% to 49% before Trump's 90-day pause initiated on April 9. In the meantime, the blanket 10% levied against most countries still has an impact on business, Gulden said. "Although we had already reduced the China exports to the U.S. to a minimum, we are somewhat exposed to those currently very high tariffs. What is even worse for us is the general increase in U.S. tariffs from all other countries of origin," he said in the April 29 statement. "Cost increases due to higher tariffs will eventually cause price increases." Parental woes: How tariffs could affect baby formula, diapers and other essentials 'Impossible' to know how tariffs will impact prices: Adidas CEO Gulden said the company would not be sharing a year-ahead profit outlook due to the volatility of the current market, despite a "great" quarter. In the U.S., sales were up just 3% in the first three months of the year, when including the winddown of the sale of Yeezys due to the brand's terminated partnership with Kanye West. That number went up to 13% when excluding the Yeezy line. Sales were also up 26% in Latin America, 14% in Europe, and 13% in China, Japan, and South Korea, said the quarterly review. Net sales climbed 12.7% while operating margins rose 3.8 points to 9.9%, bringing the company's total operating profit to 610 million Euros ($695 million USD) in the first quarter. That's an 82% increase. Gulden said that despite the overall positive picture, it's currently "impossible" to quantify or conclude what impact tariff uncertainty will have on consumers. "In a 'normal world' with this strong quarter, the strong order book and in general a very positive attitude towards Adidas, we would have increased our outlook for the full year both for revenues and operating profit," Gulden said. "Given the uncertainty around the negotiations between the U.S. and the different exporting countries, we do not know what the final tariffs will be." He added: "Therefore, we cannot make any 'final' decisions on what to do."
Buzz Feed
17-04-2025
- Entertainment
- Buzz Feed
Millennials Are Calling Out The Style Trends Gen Z Doesn't Realize Are Actually Extremely Uncool, And Oh Boy, I Fear I've Been Called Out
As a Gen Z'er myself, I'll admit it: there are a lot of rather confusing trends our generation buys into. Sometimes, we adapt a particular style choice that actually makes no sense to anyone older than us. 1. "I'm all for you doing you, but I am BEGGING men to stop with the mullets." "Women can look pretty cute — it's a fun shag, a Joan Jett kind of thing. Dudes with them though, good God, what are you doing?" — garebehr 2. "Always looking like a slob, no matter the occasion." — georgia007 3. And similarly, "Wearing pjs everywhere... the airport, mall, supermarket, etc. They literally roll out of bed and go out. It's so trashy." — pastelmoon72 4. "The pimple patches on your face in public." "Like, don't draw attention to it — everyone knows what's happening…it's a bit cringe." — fillyfromphilly 5. "I am Gen Z'er, and Yeezys with mismatched socks. A looooot of guys my age wear them." "They will slide their feet in and out of them to fidget. You see their feet sweat stains, and it's nasty." — savoryorc15 6. "Birkenstocks, especially with socks." — jaleeahchesson 7. "Mom jeans." — aliradcliffe89 "God they are so uncomfortable. Why do they have to be high or low? Why can't women just have normal, sits below the waist, but not low enough for muffin-tops, jeans like men?" — stephaniev23 8. "I know it isn't just a Gen Z thing as I've also seen millennials hopping on board, but I cannot for the life of me figure out the bleached eyebrow trend." "Am I the only one? I get if you bleach your hair and want your eyebrows to match, but these people typically have darker-colored hair and bleached eyebrows. Any time I see someone with those creepy brows, I just automatically think of Lord Voldemort." — embneal 10. "Slick-back hair." — twilightravenclaw27 11. "I don't understand the chunky foam shoes. Does anyone? Because they are just plain ugly." "No offense to anyone who wears them." — smileyturkey342 12. "I think it's funny when you see a TikTok of a like 30-year-old girl trying to recreate 2000s fashion (skirt over jeans, tons of patterns, cardigans and layers) and then the top comment will be a younger person saying, 'Lowkey, it's giving.'" "It just cracks me up because they really love those looks! And in general, they love chaos, and taking silly things and making them into fashion. It's so fun to watch how they think and create looks!" — areyoukidding 13. "Their weird ideas (and strong opinions) about socks." — terrible_yam13 14. "The socks over leggings." "I'm a cusper and see it in the gym all the time. It's so strange to look at. Like, does it offer more compression? I know it wouldn't make sense to have long socks UNDER the leggings, but why not wear shorter ones?" — arions 15. "Dark lip liner. I'm sorry, but it makes your mouth look like a butthole." — malloryf4c060efed 16. "Fanny packs and bucket hats, although bucket hats were just starting to return in 2015 my senior year. But it's gotten worse." — savannahg4e56476eb 17. "Dudes wearing shorts outside in freezing temperatures for the attention." — le02 18. "Fake nails. Normal nail polish looks so much cleaner, and it's way easier to do." — twilightravenclaw27 19. "It's not clothing, but here goes: I don't get why they're so afraid and offended by a dome cup when they order drinks. It's dumb when they ask for a flat lid for a frappé with whipped cream and the cream just gets squished everywhere." — senpainoticedu 20. "Barrel jeans. Why do you want to look like a cowboy who has been sitting on a horse for too long?" "And they are not flattering on a single person." — taylorchristiannep Jeremy Moeller / Getty Images 21. "Baggy pants, oversized t-shirts, and platform loafers. It just looks stupid." — austinb137 22. "Gen Z'er here, but: having your shorts or pants all the way up your buttcrack." "There is this girl I know, and she pulls her pants so far up that she gets a cameltoe, and she says that it's going to start trending. Girl, no, it's not." — ameliathomson10 23. "I just hate tight clothes paired together." "Like a compression shirt with Nike Pros or something. I just can't." — poeticshield272 Miniseries / Getty Images 24. "Rolled-out-of-bed PJs with a full face of glam." — dizzychicken474 25. "They all wear black shirts, mom jeans, crew socks, and oversized sneakers." — ultraviolet4910 26. "Not a style trend, but the sea of cell phones at concerts these days is baffling." "Paying for a ticket to be there, live, with your favorite artist on stage, only to experience it through a phone screen? It just doesn't make sense to me. What happened to the pure joy of being present? The jumping, the dancing, the singing along? At The All-American Rejects this past Saturday, I was stunned by the amount of phones, each one a barrier between me and the actual experience. It's like we're trading real memories for digital recordings, and I can't help but wonder what we're all missing." — thegloriasophia Gilaxia / Getty Images Now it's your turn! Gen Z'ers, tell us which millennial trends you can't stand, and millennials, tell us what other Gen Z trends you don't like. Leave them in the comments below 👇 I'll go first: I hate skinny jeans. Like, no thank you, millennials.
Miami Herald
09-04-2025
- Business
- Miami Herald
TikTok wants to steal a key part of eBay's business
For the past 30 years, people looking for rare collectibles have relied on eBay to help locate their holy grails. While the collectible market has plenty of retail options aimed at specific collectors, such as baseball card enthusiasts, eBay continues to be a source both for popular collectibles and unusual items that fall outside those categories. One area of collectibles that has long been lucrative for eBay, however, is the collectible sneaker market. Collectors are known for sparing no expense to snag the right pair of Jordans or Yeezys - one Sotheby's auction for a pair of the Air Jordan 13 "The Last Dance" edition went for $2.2 billion. Don't miss the move: Subscribe to TheStreet's free daily newsletter Another reason people go to eBay for high-demand collectible sneakers is its authenticity guarantee. EBay not only offers a rigorous authentication process, but also does so at no cost to the seller or the buyer. Simply put, it's a way to make sure that in a market crowded with fakes, you get your hands on the real thing. Related: Analyst reworks eBay stock price target on economic uncertainty It's easy to see why this market has been highly profitable for eBay, helping it stay in the green (eBay reported revenue of $2.6 billion in 2024, up 1% from the prior year). But now a new challenger is about to enter the space - and it's a powerful opponent indeed. Social media giant TikTok has been making aggressive headway in the e-commerce space since launching its own platform, TikTok Shop. Within the TikTok app, the Shop allows users to click products in videos and shop directly. TikTok announced that it made $100 million in single-day sales on Black Friday exclusively from the Shop platform. It seems the social media company is onto something in encouraging its billions of users to view the app as more than just a way to catch up on the latest dance videos. Related: Having TikTok installed on your phone may make you up to $50,000 Now TikTok has announced it will enter the preowned sneaker game, but it's taking a different approach than eBay does. TikTok will vet certain sellers to list the footwear in its U.S. shop, including Adidas Sambas and mid-top Louis Vuitton Nike Air Force 1. All sellers must also provide and upload a certificate of authenticity from a third-party authentication service. Along with the sneakers, TikTok Shop will also offer a variety of other luxury items, including handbags, boots, sandals, and more. While TikTok's entrance into the space could be concerning for eBay, one might wonder how long the social media app will even be able to implement its plan. On April 4, President Donald Trump chose to grant TikTok a second 75-day extension to comply with a law instructing the social media company to sell its U.S. arm or face a ban in the states. "We do not want TikTok to 'go dark,'" Trump wrote on Truth Social. "We look forward to working with TikTok and China to close the Deal." That said, a TikTok ban in the U.S. would mean no more high-end sneaker shopping on the platform. So it may be premature for eBay to be worried about a market on which it's had a strong foothold for years. Related: Shocking company makes last-minute bid to buy TikTok The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
