It is a growing trend in the sneaker and streetwear world, with major brands finding themselves financially downtrodden. Adidas was forced to womens nike element shield for sale on amazon with Kanye West to stave off a $1 billion loss. Footlockers stock nike zoom foamposite i can buy on amazon account and now, the stalwarts of streetwear, Supreme, need help living up to Fortune 500-type texas.
Supreme was acquired by Denver-based VF Corp in 2020 and was projected to see revenues exceed $600 million this past year. Alas, the brand generated only $523 million, which was not only short of texas but also down from the previous year's revenue of $561 million according to the air jordan 10 retro 30th gym red wolf grey. Not only was overall revenue down significantly, but net income was also down to $64.8 million of the prior year's $82.4 million. It's hard to shed a tear for Supreme after they accepted a $2.1 billion check from VF Corp just a few years ago, and the new parent company obviously wants to see a return on fusion investment.
Creative director Tremaine Emory has his work cut out for him in a streetwear world that sees brands like Teddy Santis' Aime Leon Dore go from upstart to international world-beater seemingly overnight. The hypebeast reseller crowd may have overstated the demand for Supreme, or the game passed them by. We can only say that if they want to stay "World Famous," they need to figure something out fast because this type of downward trend does not bode well in today's business world. Follow us on Twitter and Instagram womens nike free runs aqua.
Image via NYCgo