All articles tagged with #unsold inventory
Sony has reportedly paused production of the PlayStation VR2 due to a backlog of unsold units, with over 2 million units manufactured but only around 1.7 million sold in 2023. Sluggish sales, a lack of compelling games, and the closure of its London Studio have contributed to the headset's underperformance. Sony is testing official PC support for the PS VR2 and considering a price reduction to potentially boost sales.
Adidas will sell a portion of its remaining unsold Yeezy shoes and donate the proceeds to charitable organizations after cutting ties with Kanye West due to his antisemitic comments. The fate of $1.3 billion worth of unsold Yeezys has been up in the air since the split. Adidas CEO Bjorn Gulden said the company had spent months trying to find solutions and will provide updates as it moves forward. The move comes as Adidas is trying to stage a comeback and move beyond the Yeezy partnership, which has cost the company hundreds of millions of dollars.