Rieker
Puma will reduce the range
27.07.2012 2475

Puma will reduce the range

As expected, the German company's net profit in the second quarter fell by 29%. In this regard, Puma intends to reduce the number of sporting goods offered and close expensive sponsorship deals.

The company's net profit for April-June amounted to 26,7 million euros. Global quarterly sales were 752,9 million euros, with sales in Europe, which accounted for half of Puma's sales, by 3%. The decline in demand in Europe in the company is associated with the debt crisis, which causes an increase in unemployment among young people, the main buyers of sports goods, says fashionunited.ru.

In addition, Puma announced that COO Klaus Bauer and marketing manager Antonio Bertone will leave the company at the end of the year.

As expected, the German company's second-quarter net profit fell 29%. In this regard, Puma intends to reduce the number of offered sporting goods and to close expensive sponsorship ...
5
1
Rating

Latest News

The online trading market in Russia grew by almost 40% in 2022

According to Data Insight, by the end of 2022, the turnover of online retail trade in Russia grew by 38% and reached 5,7 trillion rubles. In physical terms, the growth was 65%, up to 2,8 billion…
24.03.2023 223

Wildberries accepted the second phase of the logistics complex in Krasnodar

The Russian online retailer Wildberries is strengthening its own logistics infrastructure in various regions of Russia. In February 2023, the construction of the second stage of the logistics complex in Krasnodar was completed. The total area of ​​the logo center…
24.03.2023 247

Hey Dude aims to increase sales to $1 billion in 2023

Crocs Inc., which completed its acquisition of the Hey Dude brand in February last year, said the shoe brand's 2022 revenue exceeded initial expectations to reach $986,2 million. Crocs CEO Andrew Ries…
24.03.2023 221

Converse collaborates with streetwear brand Stüssy

Until the end of March, the iconic Converse Chuck 70 sneakers will appear in an updated version, thanks to the forthcoming collaboration between Converse and another American streetwear brand.
23.03.2023 309

Amazon to cut 9 more jobs

Online retail giant Amazon has announced that it will lay off more than 9 employees in the coming weeks, in addition to previously announced layoffs that began at the company in November and lasted until January.
23.03.2023 289
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning