• Loading stock data...
Wednesday, July 9, 2025

Foot Locker, Gap Remove Yeezy-Related Products From Stores

  • Earlier this year, Kanye West was estimated to be worth $2 billion — ranking 1,513 on Forbes’ rich list.
  • He is now estimated to be worth $400 million after he made antisemitic comments on social media platforms.
Foot Locker's Q1 sales dropped 11.4%.
Foot Locker Inc.

Ye — formerly known as Kanye West — is no longer on Forbes’ billionaires list as businesses and athletes continue to drop him and his products.

Foot Locker has become the latest brand to end its relationship with the rapper and designer over antisemitic comments he made on social media platforms. The sneaker and activewear retailer sent an internal message to its 2,799 brick-and-mortar locations to pull all Yeezy footwear from its sales floors immediately. 

Gap also ended its deal with Ye, removing Yeezy Gap merchandise from its stores and shutting down YeezyGap.com. 

The Boston Celtics’ Jaylen Brown and Los Angeles Rams’ Aaron Donald announced they would be leaving Donda Sports — Ye’s sports marketing agency. Adidas immediately halted production of Yeezy products and stopped all payments to Ye’s companies on Tuesday. 

  • Earlier this year, Ye was estimated to be worth $2 billion — ranking 1,513 on Forbes’ rich list.
  • He is now estimated to be worth $400 million after Adidas terminated its deal. 

Foot Locker generated $2.07 billion in revenue in Q2 2022, down from $2.28 billion for the same period last year. The company reported a net income of $94 million, compared to $430 million in Q2 2021. 

The Songs Will Play

Ye still has the support of one of the biggest companies in music — Spotify. The audio streaming giant has decided to not remove Ye’s music from its platform.

“It’s really just his music, and his music doesn’t violate our policy,” said Spotify CEO Daniel Ek.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Texas Sports Teams, Leagues Donate Over $5M to Flood Relief

NFL, MLB, and NBA teams in Texas donate to flood recovery efforts.

How Bradley Beal Buyout Would Save Suns $230M, and What’s Next

Beal has two years and $110 million remaining on his deal.

Nationals Hit Reset Button, Oust Rizzo and Martinez Before Draft

The MLB club made major leadership changes just days before the draft.

Featured Today

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
July 4, 2025

3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest

Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
July 3, 2025

Geoffrey Esper Can’t Catch a Break at Nathan’s Hot Dog Eating Contest

“Hot dogs is not one of my favorite competitions of the year.”
James Harden

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.
February 5, 2025

Under Armour’s Desired Turnaround Sees Sparks With Q3 Earnings Beat

The 2010s darling has been struggling to find the right formula.