Beyoncé’s Ivy Park Reportedly Underperformed By $200 Million In 2022

Beyoncé is easily one of the biggest artists in the entire world. Overall, she is one of the most beloved artists of this entire generation. The artist is seen as a fantastic performer who also puts out phenomenal albums. In the eyes of many, she simply cannot do wrong. Her latest body of work Renaissance was a massive success, and her supporters are already looking forward to the next project. Considering how Beyoncé is always changing her sound and reinventing herself, we’re sure we can expect something truly unique.

Additionally, the artist is always trying to expand her brand outside of music. One way she has done that is through her Ivy Park brand with Adidas. This is a brand that came out just a few years ago after numerous meetings with various other sportswear companies. In the end, she chose Adidas because it reportedly aligned the most with her goals and her beliefs. However, it seems as though Ivy Park hasn’t been the success that Adidas was hoping for. This news comes from Rex Woodbury, who is a business writer and investor.

Beyoncé x Ivy Park Struggles

In the tweets above, you can see that Woodbury details how Beyoncé’s athleisure brand lost Adidas about $200 million in 2022. This is because the brand thought that it would sell upwards of $250 million. Although, the brand actually only did about $40 million in sales. These are horrific numbers for the brand, which is set to lose $1.3 billion thanks to the likes of Kanye West. Overall, many are chalking up these numbers to the fact that Beyoncé isn’t someone who has ever sported athleisure. Simply put, this was never a good fit.

Regardless, it seems as though Adidas and Ivy Park still have plans for future releases. After all, the two are currently under contract, and it would be an admission of defeat for either side to call it quits. However, it is clear that the two will need to change their marketing strategies, moving forward. Let us know what you think about these numbers, down below. Additionally, stay tuned to HNHH for more news and updates from around the streetwear world.

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Beyoncé’s Ivy Park Partnership With Adidas Slated To End This Year. Now, What?

Beyonce Ivy Park

Beyoncé is on the brink of leaving the prominent company Adidas after reports surfaced that the two sides haven’t been able to communicate on the marketing front. The partnership started in 2019. The “Break My Soul” artist may have to find a new partner now that it seems her clothing brand Ivy Park and Adidas […]

The post Beyoncé’s Ivy Park Partnership With Adidas Slated To End This Year. Now, What? appeared first on SOHH.com.

The Things Beyoncé And Adidas Can Do To Save Ivy Park

Earlier this week, it was reported that Ivy Park, the co-branded clothing line from Beyoncé and Adidas, was underperforming. A lot.

Projected to make $200 million last year, internal documents seen by The Wall Street Journal confirmed that the collection had only pulled in $40 million, despite customers reporting sellouts and difficulty purchasing products online.

Obviously, when Adidas hooked up with Beyoncé in 2019 (after Ivy Park’s partnership with TopShop was ended over accusations of improper conduct by cofounder Philip Green), the expectation was for Beyoncé’s incomparable celebrity to do most of the heavy lifting in terms of sales.

Unfortunately, that’s not how things panned out; while Adidas’ similar partnership with Kanye West yielded nearly $2 billion in sales until Ye himself torpedoed that profitable alliance with his deplorable views, Adidas is reportedly figuring out how to revamp the Ivy Park deal.

Now, I’m no fashion expert, but I’ve made some observations using fan feedback on social media that might explain why the collection fell short of expectations. It’s no fun to look at the “why” without also offering some solutions, so that’s what we’re going to do here. The thing is, I want Beyoncé to win, both because I like success stories more than failure ones, and because I know that when Black folks fail, it makes the people in charge hesitant to extend future opportunities.

Here are five things that Adidas and Beyoncé can do to save Ivy Park.

Pick A Side

While the most recent drop focused on outdoorsy aesthetics like parkas and camouflage, prior collections have been a rather confusing jumble of athleisure and couture. Designs that wouldn’t be out of place on a runway fight for space with workout gear that looks more flashy than functional. The time has come to decide just what kind of brand Ivy Park really is.

As a prime example; my girlfriend has two Ivy Park trenchcoats in her closet at the moment. Both are beautiful in their way, but they are also big, ungainly things that don’t really do much to keep her warm and take up a lot of space when we try to go out (they’re both made of mesh, so rain goes right through them). By contrast, the TopShop collection included staples like yoga pants and sports bras — stuff people actually wear.

Given the line is a partnership with Adidas, moving in a more sportswear-inspired direction could provide some much-needed focus. Bey’s attempts at high fashion could be spun off to another label, or even a separate division, like Adidas’ own luxury Y-3 line. I’m sure there are tons of Beyoncé fans who’d love to run their errands in their Ivy Park sweatpants or hit spin class in some bike shorts with a touch of Beyoncé style. Give them that!

Get Back To Basics

While Adidas reported that nearly half of the produced items weren’t selling, fans said the coveted items they wanted were gone before they could grab them. What gives?

Well, considering fans also spent a fair amount of time each drop making fun of items like denim chaps, the problem seems pretty clear to me. Longtime Beyoncé fans probably aren’t surprised by some of the funkier designs. She had similar issues with her first clothing line, House of Dereon, in the early ’00s. But, honestly, how many music fans ride horses on the regular? Dropping the gimmicky items could save a lot of time and effort and allow Adidas to stick to what it’s great at: comfy sportswear.

The foundations of most clothing brands are basics that customers can mix and match, dress up or down, and that won’t break the bank. Pointing to some of Adidas’ competitors, Champion and Nike do steady business with sweatsuits, T-shirts, and even underwear and socks. I think Ivy Park can offer those things and if they need a little more pizzazz, just remember: it’s all in the details. Keep it simple!

Stop Doing Drops

One of the main complaints about the most recent Ivy Park drop is its timing. With the Renaissance World Tour just months away, the BeyHive is already smashing its collective piggy banks for tickets. Why make them make a choice?

Relatedly, this drop is very woodsy, with parkas and cargo pants, but spring is right around the corner! Who wants to buy fall/winter stuff in February, knowing they might even receive their orders until March?

It’s understandable why Adidas (or Bey) went with the streetwear model; it’s worked for brands like Telfar, and of course, Yeezy products did gangbusters.

But it’s also important to understand the differences in their respective strategies and fan bases. Telfar does do drops, but it also does plentiful restocks and has a few reliable base models it always comes back to, allowing fans who missed out multiple chances.

And Beyoncé fans aren’t hypebeasts, although they display similar behavior sometimes. They want to support their fave, but they aren’t the type to line up outside a sneaker store overnight for a release. Moving away from streetwear drops to just having a consistently available clothing line might make all the difference.

Make It Easier To Buy The Clothes

Speaking of sneaker stores, one of the more common complaints I’ve seen about Ivy Park on social media is how hard it is to get. It’s only available in select brick-and-mortar retailers, so once the bots clean out the website, fans are left hunting down the nearest Adidas outlet and hoping they get there before the bones are picked over.

If they can find the style and size they want, the price is often a lot higher than many are excited about paying. Regular folks’ disposable income has become more precious than ever as rent, gas, food, childcare, and other expenses pile up. And if it comes down to the decision between a new Ivy Park hoodie and the Renaissance vinyl box set… fans will stick with what Beyoncé herself is best at.

So, lower the price and put it in more stores. This kills the “exclusivity” aspect, sure, but since when was liking Beyoncé supposed to be exclusive?

Open Up

The final point spins off that “what Beyoncé is best at” line above. Although many of her performance lewks are iconic, Beyoncé herself is kind of a recluse. One of the major selling points of Yeezy is that you always saw Kanye outside, wearing his own clothes, making the desirability for those clothes — however goofy they might have been — go up.

The Journal reported that this was kind of a sticking point in the partnership, as well. Beyoncé is a notoriously private person. She doesn’t leave the house unless it’s to go to the studio, rehearsal, or on tour. But she may need to get over that reticence and start to open up. With social media, she still doesn’t need to actually go outside, but her curated professional-shot timeline just isn’t gonna cut it.

We’re in the era where stars like Cardi B, Doja Cat, Lizzo, and Megan Thee Stallion do livestreams just hanging out at home listening to music and talking to fans. They do silly TikToks lip-syncing and dancing and trying out food trends. Beyoncé comes from a different era, but that doesn’t mean she can’t adapt. One of the main reasons she has a Hive is because people want to hang out with her. Let them. And if you’re rocking an Ivy Park T-shirt while you do it, don’t be surprised when they become an even hotter commodity than ever.

What Are The Prices To Expect For Beyoncé’s Ivy Park Trail Collection?

The Beyhive is justifiably upset that Beyoncé didn’t win Album Of The Year for Renaissance at the 2023 Grammys on Sunday night, February 5, while simultaneously fighting for tickets to her forthcoming Renaissance World Tour. Fans’ attention spans will be tested even further this week when Beyoncé and Adidas drop a new Ivy Park collection.

According to Adidas’ official press release, the “Park Trail” collection “is inspired by the resilience of the outdoors, the spirit of the streets, and the possibilities of the future.” The online release is set for tomorrow, February 9, and select partner stores will begin selling the collection on Friday, February 10.

Here are the basics, as written in the press release:

  • 56 apparel styles (including inclusive sizing), 12 accessories, 3 footwear styles (with one tyle, the TT 2000, in two colors)
  • Unisex regular and oversized fits
  • Men’s regular and tight fits
  • Women’s tight, regular and oversized fits
  • Sizes from XXXS-XXXXL

But as with anything Bey-related, there’s one big question: How much will this cost? The good news is that the low end of the price range is $30. The bad news is that pricing tops out at $600.

The “Park Trail” rollout dates back to last month when Ice Spice and Offset were revealed as two of the campaign’s faces.

It was reported by The Wall Street Journal earlier today, February 8, that Adidas’ projected Ivy Park to net $250 million in sales last year but earned $40 million in 2022 instead.

Check out how Ivy Park is setting the tone for 2023 below.

Adidas Is Reportedly Taking A $200M Loss From Beyoncé’s Ivy Park

Beyoncé’s latest Ivy Park collection with Adidas is set drop this week and although anticipation appears high, a new report from The Wall Street Journal suggests that the outlook for the singer’s clothing line may not be so rosy.

According to documents, the Ivy Park line is falling well short of Adidas’ initial projections. In 2022, the company expected the collection to bring in $250 million in sales banking on the hype for all things Beyoncé; it reportedly only managed $40 million. That was down 50% from the year before. Since Beyoncé gets $20 million a year for licensing her name and likeness to the brand, the Journal estimates Adidas is actually losing money.

The 2019 contract between Adidas and Beyoncé is set to expire after this year, and the Journal‘s sources say the brand’s executives are looking at whether or not they should end the partnership or try something new. Among possible solutions apparently being discussed are how much more or less Adidas branding Ivy Park should bear.

The latest collection is set to release online tomorrow (Thursday, February 9) and in stores the day after; the promotional campaign features breakout rapper Ice Spice and Offset.

Adidas has had a rough road regarding its artist partnerships of late; in 2022, the German athletic wear company cut ties with Kanye West in the wake of his antisemitic press tour, although the company still intends to release the Yeezy Boost designs without his name attached.

What Is Beyoncé’s Ivy Park Trail Collection’s Release Date?

Everything is coming up Beyoncé this week. After she made history with her Grammy win for Best Dance/Electronic Album for Renaissance, the presale for tickets to her upcoming world tour began. But that’s not all.

Tomorrow, February 9, the latest collection from Beyoncé’s Adidas-backed Ivy Park label will arrive, just in time to take advantage of all the good Beyoncé vibes this week.

Park Trail, the name of the new collection, appears to be centered around the great outdoors, with parkas and puffer jackets, hiking shoes, and cargo pants all in bold oranges and camouflage prints.

Ivy Park promoted the new line with a campaign featuring folks like Ice Spice and Offset (along with his son, Kody Cephus), releasing images featuring Offset decked-out from head-to-toe in deer hunter orange, a camoed-down Ice Spice, and even model Devon Aoki in an all-purple ensemble featuring a translucent trenchcoat, a knee-length sports dress, and matching sock boots.

Technically, the collection will be available online on February 9, while you can buy the pieces in real life at select retailers beginning February 10.

In other Beyoncé news, fans were relieved to hear that tickets to the upcoming Renaissance Tour cannot be resold for more than their face price as the unusual rollout for them made things a little more complicated than in the past.

Where To Buy Beyoncé’s Ivy Park Trail Collection

On the heels of dropping the tickets for her 2023 Renaissance Tour, Beyoncé is keeping fans excited with her upcoming Ivy Park x Adidas Park Trail collection and campaign.

Starring everyone from Ice Spice to Devon Aoki, the new drop from Bey’s athleisure company is perfect for the outdoors. Using camouflage, orange, and purple colors on the varied puffers and outfit styles in the current promotional photos, there’s something for every type of weather.

Fans can shop the new Ivy Park x Adidas Park Trail starting tomorrow (February 9) at your local Adidas store or online through the company’s website. However, according to Elle, those who want to immediately purchase the drop need to download the Adidas Confirmed app and wait in a virtual queue.

The following day, February 10, Ivy Park’s new collection will be available through other selected retailers. This could include previously stocked stores like ASOS and Foot Locker, as well as Ssense, Finish Line, and Snipes, per the publication.

According to Adidas’ website, the new drop will have 56 apparel styles between the company’s inclusive sizing, twelve accessories, and three footwear styles.

“The campaign is centered around embracing exploration and adventure to the fullest and guides us to a place of wonder and revelation through time, space and self-transformation,” the site notes. “This experience depicts both the natural and the metaphysical, which can be as literal as an exhilarating walk down a nature path or a city sidewalk or more abstract, exploring inward and discovering new dimensions.”

More information about Beyoncé’s upcoming Ivy Park x Adidas Park Trail is available here.

Beyoncé Teases “Favorite Drop” Yet For Ivy Park

Beyoncé says that Ivy Park’s next release is her “favorite drop to date.” The full park trial collection will be available on Thursday, February 9. Beyoncé teased the pieces in a post on Instagram, Wednesday, sharing a photo of herself in a sports bra and cargo pants. “My favorite drop to date. Check out the full PARK TRAIL collection, available 2/9/23,” she captioned the picture.

The post comes after news broke that the clothing line with Adidas missed internal sales projections by over $200 million last year. The Wall Street Journal reports that Beyoncé is still earning $20 million a year from the deal. They also cite internal documents showing Ivy Park did roughly $40 million in sales in 2022, down from $93 million in 2021. The company estimated they’d cross $250 million in sales for 2022.

Beyoncé’s IG Post

Last month, Ice Spice and Offset teamed up with Beyoncé to promote the brand. Ice Spice later reflected on her experience working with the legendary singer during an interview with Ebro Darden on Apple Music 1. “You know she’s smart and professional,” Ice Spice shared. “She went through for me proper channels and she did everything right. I really was, she’s so real. She’s such a boss. It’s a honor that Beyoncé picked me to be part of this campaign and shit, but I can’t say too much on it yet. So, it’s going to be out soon though.”

In addition to her work on Ivy Park, Beyoncé is embarking on her Renaissance World Tour, later his year. Tickets for the shows went on sale, earlier this week. The sales sparked pandemonium among fans as they rushed to secure a spot at the concerts. In a press statement, Live Nation shared that fan demand for the U.S. shows exceeded available seats by over 800%. “It is still expected that the majority of interested fans will not be able to get tickets,” they said. “Demand drastically exceeds supply.” The tour is scheduled to begin on May 10, 2023, at Friends Arena in Stockholm. Ticket prices range form $62 and up, varying by city. It will be her first solo tour since the Formation World Tour in 2016.

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Beyoncé’s Ivy Park Line With Adidas Suffers From Major Revenue Loss: Report

Beyoncé fans are just about willing to consume anything she dishes out. Over the years, Bey’s expanded into different avenues beyond music, such as film, and even clothing. Her brand is basically recession-proof, as we’ve seen with her recently announced Renaissance tour. Fans are shelling out top-dollar to secure tickets for shows, which led Bey to add even more dates to accommodate the demand. It speaks volumes to how strong her grip on the culture is, especially when you look at her other ventures.

In 2019, Beyoncé announced her own Adidas line in collaboration with her athleisure brand, Ivy Park. Adidas described the collab as a “[unity of] two iconic brands, celebrating their heritage while creating uniforms of power.” Adidas evidently banked on Beyoncé’s brand to bring in major revenue.  In 2020, analysts indicated that Ivy Park could end up outperforming Kanye’s Yeezy Brand as a top earner for Adidas. Unfortunately, it seems those predictions weren’t entirely accurate as Ivy Park sales reportedly declined drastically in the past year.

Beyoncé’s Ivy Park x Adidas Is $200M In The Hole: WJS

According to the Wall Street Journal, Ivy Park sales suffered heavily in the past year as a result of “weak sales.” Despite the online hype, sales for Ivy Park dropped by 50%, down to $40M in 2022 — an 86% gap from what they initially anticipated. Experts predicted Ivy Park would generate $250M in sales last year. Adidas now has a $200M hole among its projects. With the Yeezy brand now gone from its roster, it appears that Adidas needs to restrategize for its next drops with Ivy Park.

Despite the report, a rep for Adidas asserted that their partnership with Ivy Park is “strong and successful,” in a statement to Fast Company. “As part of our valued strategic partnership with Ivy Park, we continue to be inspired by our collective vision and are proud of the work we have created together,” the rep continued. Beyoncé and Ivy Park are currently revving up to release the PARK TRAIL collection on February 9th, which the singer described as her “favorite drop to date” in a post shared on Instagram. 

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