inventory

Sony is reportedly pausing PSVR2 production to clear excess inventory

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After producing in excess of two million units of its latest virtual reality headset, Bloomberg is reporting that Sony is hitting pause on production to try and shift its unsold inventory. The PlayStation VR2 launched last February for $549 as an accessory for the PlayStation 5, but IDC data suggests that shipments have declined each … Read more

Adidas warns of falling sales in North America as it continues to sell off Yeezy inventory

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Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California.  Justin Sullivan | Getty Images Adidas on Wednesday warned of a sales decline in its overstocked North American market in 2024, as the German sportswear brand continues to sell off its remaining Yeezy inventory. Currency-neutral sales in North America are … Read more

Florida man buys Cake’s remaining US inventory of electric motorbikes

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The future of bankrupt electric motorbike startup Cake is still uncertain, but the majority of its U.S. inventory is going to a guy in Florida. Michael Joyce, who runs a retail shop in St. Petersburg called Emoto, tells TechCrunch that he bought all of the Cake Makka and Ösa motorbikes that had been shipped stateside … Read more

Adidas shares climb after earnings powered by Yeezy inventory sales

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Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023. Scott Olson | Getty Images Adidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy inventory. The German sportswear giant, in surprise preliminary estimates release, projected a full-year operating loss of 100 million … Read more

Zanifu raises $11.2M to scale its stock financing providing in Kenya

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Zanifu, a Kenyan fintech offering stock financing to micro, small and medium-sized companies, has raised $11.2 million debt-equity funding in a pre-Collection A spherical led by Past Capital Ventures and Variant Investments. Founders Manufacturing unit Africa, AAIC Funding, Google Black Founders Fund, and current investor Launch Africa additionally participated within the spherical. This brings whole … Read more

Tesla doubles reductions on Mannequin 3 vehicles in US stock

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By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc has doubled reductions on some already made new Mannequin 3 electrical vehicles and provided reductions on the Mannequin Y and others in its U.S. stock to entice patrons amid financial uncertainty, rising competitors and the upcoming redesign of its mainstay mannequin. In California, a Mannequin 3 … Read more