Ticker: Adidas sells more Yeezy sneakers; Gas prices flat in latest survey

Shoe and sports clothing maker Adidas said Monday it had started a third sale of the Yeezy sneakers it was left with after severing ties with Ye, the rapper formerly known as Kanye West.

The company has accompanied the sales with donations to groups fighting antisemitism and other forms of hate.

Adidas broke up with Ye in October 2022 over his antisemitic and other offensive comments. It has sought a way to responsibly dispose of 1.2 billion euros worth of unsold shoes. The company said it plans to release the remaining Yeezy inventory in the course of this year.

The company said the latest release started Monday on digital platforms. The range available will be products from 2022 including what Adidas said were some of its most popular designs.

Last year Adidas earned $813 million in revenue from two Yeezy releases, down from 1.2 billion euros in 2022.

Gas prices flat in latest survey

Gas prices remained flat over the past week in Massachusetts, holding steady at $3.18 a gallon, even as regional supplies increased.

“The seasonal trend of price increases ahead of spring is paused, for now,” said Mark Schieldrop, Senior Spokesperson for AAA Northeast. “Prices could be wobbly over the next few weeks as we creep our way out of winter and get closer to when refineries switch to producing summer blend fuel.”

Gas supplies in the region are up by 600,000 barrels compared to last week and running more that 2 million barrels beyond the same time last year, according to the auto club.

The price at the pump is 12 cents lower than a year ago. Gas prices in Massachusetts are running 8 cents cheaper than the national average, which sat at $3.26 according to the latest survey.

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