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Adidas to start selling stockpile of Yeezy sneakers later this month

  • Adidas will sell more than $1 billion worth of leftover Yeezy sneakers starting later this month.
  • Proceeds from the sales will be donated to the Anti-Defamation League and the Philonise & Keeta Floyd Institute for Social Change.
  • The move has no immediate impact on Adidas' financial guidance for 2023.
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CNBC broke the news in United States on Friday, May 19, 2023.
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