Index Investing News
Tuesday, May 26, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Ye or nay? Yeezy sneaker sales soar as fans, companies split on giving Kanye West the boot

by Index Investing News
October 28, 2022
in World
Reading Time: 8 mins read
A A
0
Home World
Share on FacebookShare on Twitter


Rafael Joseph faces an expensive dilemma. He normally wouldn’t think twice before lacing up one of his eight pairs of Yeezy sneakers — the much-hyped partnership between Adidas and Kanye West, also known as Ye.

But after the rapper’s recent antisemitic rants on social media and a podcast, Joseph — who is Jewish — is contemplating whether to give his expensive collection the boot.

“I love wearing them, you know? And I found myself in a position where my entire collection has been ruined by [his] statements,” said Joseph.

He’s one of millions of sneaker collectors and music fans now weighing whether they can separate West’s controversial views and actions from his creations.

WATCH | Jewish sneakerhead explains why he won’t wear his Yeezys: 

Jewish sneakerhead swears off Yeezy collection over Kanye West’s antisemitism

Rafael Joseph hopes the rapper will one day apologize for his remarks about Jewish people. Until then, Joseph says he won’t be wearing his own collection of Yeezy sneakers.

In a TikTok video explaining his mixed feelings, Joseph urged the rapper to apologize — saying it was the only way he could wear his Yeezy collection again.

“I’m not telling all Jews to not wear Yeezys anymore. This is a personal thing,” Joseph told CBC News from his home in London, England.

“I have a personal problem with putting on branded clothing where I’m promoting someone who genuinely is causing trouble for my people.”

But where Joseph has a problem, plenty of others see opportunity in West’s fall from grace.

Adidas split fuels Yeezy hype

After Adidas cut ties with West on Tuesday, ending production and ordering authorized retailers like Foot Locker to remove Yeezy products from stores, the resale market kicked into hyperdrive.

Most Adidas Yeezys sold for an original retail price of $200 to $300 US, but could go for hundreds more at resale.

This week, resale prices jumped as sneakerheads rushed to snap up the sought-after shoes, made more exclusive than ever by Adidas’ discontinuation of the brand.

Since Monday, Yeezy sneakers and sandals have made up seven of the 10 best-selling shoes on resale giant StockX. 

West is pictured in New York on Nov. 6, 2019. Many business partners and others associated with the rapper severed ties over the past months due to his controversial behaviour, which included wearing a ‘White Lives Matter’ shirt at a fashion event. (Evan Agostini/Invision/The Associated Press)

“As long as there is a demand for it, and people are still coming up to us and willing to pay three or four times the price, then it doesn’t make sense for us to not sell it, right?” asked Richard Chang, co-owner of online reseller Sneaker Source Toronto, which has about 100 pairs of Yeezys in stock.

Unlike big retailers, Chang and his business partner, Shawn Alonto, can’t afford not to sell their remaining supply — despite their own unease about West’s recent antics.

“To say stop selling, I can’t promise you that,” Alonto said. “But just wearing the product right now, yeah, it’s too fresh to be stunting in some Yeezys.”

Shawn Alonto, left, and Richard Chang, co-owners of Sneaker Source Toronto, say they don’t plan to stop reselling Yeezys, but they won’t be wearing the brand themselves for the foreseeable future. (Supplied by Sneaker Source Toronto)

In any case, many of the pairs still floating around on the resale market will likely never hit the pavement: with price tags stretching from the low hundreds to several thousand dollars a pair, they’re considered collector’s items, expected to rise in value in years to come. 

“A lot of people who had a bunch in their closet that they were probably going to wear one day, who were possibly going to sell it, now will probably just keep onto it forever,” says Andrei Zelenine, co-owner of Toronto sneaker store Kenshi, which saw its own rush of Yeezy hunters this week.

“Most of the people buying them, they don’t seem like they care about what’s going on [with West]. They just like them because they’re good shoes … It’s just a sneaker, at the end of the day. The shoe doesn’t have its own voice.”

Andrei Zelenine, right, and Pat Bryjak are pictured in front of a wall of Yeezy shoeboxes at their Toronto streetwear store, Kenshi, during an interview with CBC News on Tuesday. (CBC News)

The scramble to Ye-proof playlists

Even companies with no links to West’s business enterprises were rushing to distance themselves from the rapper — including stores, restaurants and gyms that are now scrubbing his music from their playlists.

A “large retailer” in Canada was among hundreds of companies to remove West’s tunes from their rotation in the past week, alongside major restaurant and hotel groups in Australia and the U.S., says Ola Sars, CEO of Soundtrack Your Brand, which provides music to about 22,000 businesses worldwide. Sars declined to name the companies involved.

West performs at the Coachella music festival in Indio, Calif., on April 21, 2019. Some companies, including stores, gyms and restaurants, are now removing West’s music from their playlists. (Rich Fury/Getty Images for Coachella)

Big brands were especially concerned about customer perception, which will likely lead more to pull the plug on West’s music, said Melanie Fulker, chief customer officer of Startle Music, a competitor to Sars’ company.

“It only takes, in an extreme case, one customer to hear the song and be upset by it and that’s a lasting association that they’ll have with that brand,” Fulker said.

“In a lot of cases, businesses want to be speaking up about issues, but also [to] err on the side of caution and just make sure that they are protecting themselves.”

Fitness giants Peloton and Equinox are among the brands to confirm they will no longer use West’s music in their classes. Large Canadian gym chains, including GoodLife Fitness and Fitness World, declined to comment.

It only takes, in an extreme case, one customer to hear the song and be upset by it and that’s a lasting association that they’ll have with that brand.– Melanie Fulker, Startle Music, on big brands pulling West’s music from playlists

Winnipeg spin cycle instructor Hannah Pratt decided on Monday that she would no longer play West’s songs during her classes at Wheelhouse Cycle Club, which include a hip-hop-themed ride on Sunday mornings. 

“My role as an indoor cycling instructor [involves] making playlists that attempt to bring positivity, joy, connectivity, motivation, inspiration to people who walk in through those doors,” said Pratt, who is also the studio’s director of marketing.

“By playing Kanye West, I was going to be not doing those things — especially if there were people within the Jewish community who are on my rides.”

Sneaker collectors are rushing to buy Yeezy shoes, driving up their prices, since Adidas announced they will end production of the Yeezy brand. Here, some styles of Yeezys are pictured at a sneaker resale store in Paramus, N.J., on Tuesday. (Seth Wenig/The Associated Press)

While Adidas hasn’t said what it plans to do with its stockpile of unsold Yeezys, industry insiders and sneaker fans are hopeful the sportswear giant will keep making the same iconic designs — without reference to West.

While Joseph awaits for an apology that may never come, he’s torn about what to do with his eight pairs of Yeezy kicks: Keep them in his closet? Sell them to one of the many collectors looking to buy? Or perhaps donate them to a good cause.

“They were expensive shoes,” he said. “I’m not gonna lie, I don’t really wanna take a loss on them.”



Source link

Tags: bootcompaniesfansGivingKanyenaysalessneakerSoarSplitWestYeezy
ShareTweetShareShare
Previous Post

Seoul denies arming Ukraine — RT World News

Next Post

Inman’s Top 5 Stories Of The Week Oct. 21-27, 2022

Related Posts

U.S. F-16s hold the line in the Gulf after Iran campaign ends

U.S. F-16s hold the line in the Gulf after Iran campaign ends

by Index Investing News
May 23, 2026
0

Key PointsU.S. Air Force F-16s conducted patrols in the CENTCOM area of responsibility on May 14, 2026, carrying mixed air-to-ground...

Pakistan sentences man to death for killing TikTok star Sana Yousaf | Gender Equity News

Pakistan sentences man to death for killing TikTok star Sana Yousaf | Gender Equity News

by Index Investing News
May 19, 2026
0

The verdict against Umar Hayat who killed a teenage influencer in her home ‘is for the entire society’, her father...

Oklahoma sues Roblox, AG claims online game ‘exploited minors’

Oklahoma sues Roblox, AG claims online game ‘exploited minors’

by Index Investing News
May 15, 2026
0

Oklahoma became the 12th U.S. state to sue Roblox on Thursday. WASHINGTON — The Oklahoma attorney general announced he was...

Prosecutors cite terrorist intent in bomb attack on headquarters of Dutch ruling party

Prosecutors cite terrorist intent in bomb attack on headquarters of Dutch ruling party

by Index Investing News
May 11, 2026
0

THE HAGUE, Netherlands -- A 37-year-old man accused of a bomb attack on the Dutch premier’s party headquarters is suspected...

Australian women, children linked to ISIS return from Syria

Australian women, children linked to ISIS return from Syria

by Index Investing News
May 7, 2026
0

Listen to this articleEstimated 4 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We...

Next Post
Inman’s Top 5 Stories Of The Week Oct. 21-27, 2022

Inman's Top 5 Stories Of The Week Oct. 21-27, 2022

7 Underutilized Tech Tools That’ll Make You Look Like A Top Producer

7 Underutilized Tech Tools That'll Make You Look Like A Top Producer

RECOMMENDED

Leeds must ditch “liability” for “one of the best”

Leeds must ditch “liability” for “one of the best”

March 17, 2023
Dropping Economics 101 – The Large Image

Dropping Economics 101 – The Large Image

April 21, 2022
Dogecoin Rallies As Price Breaks Major Resistance; Here Is Why alt=

Dogecoin Rallies As Price Breaks Major Resistance; Here Is Why $0.15 Is Possible

November 26, 2022
Prince Harry & Meghan Markle Thank Elton John At Farewell Concert – Hollywood Life

Prince Harry & Meghan Markle Thank Elton John At Farewell Concert – Hollywood Life

November 21, 2022
How can AI assist increase India’s GDP by 0 billion by 2025?

How can AI assist increase India’s GDP by $500 billion by 2025?

September 23, 2024
Shiba Inu Lead Developer Promises To Scale Shibarium By 1500%

Shiba Inu Lead Developer Promises To Scale Shibarium By 1500%

August 19, 2023
Banks, the weapons of mass destruction you never saw coming

Banks, the weapons of mass destruction you never saw coming

October 20, 2023
Bitcoin (BTC) Miners’ Share of International Hashrate Hit New Excessive of 26% in August, JPMorgan Says

Bitcoin (BTC) Miners’ Share of International Hashrate Hit New Excessive of 26% in August, JPMorgan Says

August 17, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In