Puma AG

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Puma celebrates Q3 sales and profit rebound Hannah Abdulla | 28 Oct 20

Puma is celebrating a rebound of sales and profitability in the third quarter, boosted by additional demand following a weak second-quarter, but the group is entering the final three months of the year with caution due to continued uncertainty surrounding Covid-19.

Puma moves to H1 loss as virus hits sales Hannah Abdulla | 29 Jul 20

Puma has moved to a net loss for the first half of the year at negative EUR59.4m (US$69.6m) from a EUR144.1m profit a year earlier after sales were pummelled by the coronavirus pandemic.

Puma explores eco-friendly dyeing in new biodesign project Hannah Abdulla | 16 Jun 20

German sportswear brand Puma is exploring sustainable alternatives for making and dyeing textiles in its latest biodesign project, which features a biodegradable lifestyle and performance collection.

Puma sees Q1 profits dive by 62% Hannah Abdulla | 7 May 20

Puma has booked a 61.6% plunge in first-quarter profits as sales were "heavily impacted" by Covid-19.

Coronavirus impacting Puma sales not supply chain Hannah Abdulla | 11 Mar 20

Puma says its global supply chain is in the clear with regard to the coronavirus (Covid-19) outbreak, adding it is not currently at risk apart from minor delays.

Puma warns coronavirus likely to impact Q1 numbers Hannah Abdulla | 19 Feb 20

Puma has warned its first-quarter results will likely be affected by the impact of the coronavirus outbreak in China but remains optimistic about hitting its full-year targets.

Ralph Lauren and Puma join trans-Arctic shipping ban Beth Wright | 22 Jan 20

US fashion business Ralph Lauren Corporation and German sportswear brand Puma are among the latest eight companies to join a pledge led by US sporting goods giant Nike and environmental group Ocean Conservancy to prohibit shipping through the Arctic Ocean.

Puma books strong Q3 but warns on tariff hit Michelle Russell | 24 Oct 19

German sportswear brand Puma has upped its full-year sales forecast after a strong third-quarter in all divisions, and despite expectations of a hit from the US tariffs on China in its final quarter.

Kering to up luxury focus with Puma bonds issue Hannah Abdulla | 30 Sep 19

Apparel firm Kering is taking another step toward streamlining its focus on its luxury portfolio, and has announced plans to further reduce its remaining stake in German sportswear brand Puma.

Puma lifts guidance following positive Q2 Beth Wright | 31 Jul 19

German sportswear brand Puma has raised its full-year guidance on the back of "healthy improvement" across all divisions and regions in the second quarter.

Puma pledges to slash GHG emissions by 35% Beth Wright | 2 Jul 19

German sportswear giant Puma has set a new climate goal approved by the Science Based Target initiative (SBTi) to reduce its greenhouse gas emissions by 35% by 2030.

Puma posts "best ever" quarterly results Hannah Abdulla | 29 Apr 19

German sports apparel and footwear brand Puma has announced a 40% jump in first-quarter net profit, boosted by higher sales.

Puma aims for 90% sustainable cotton and polyester by 2020 Hannah Abdulla | 23 Apr 19

German sports apparel and footwear brand Puma has set a new target for 90% of all cotton and polyester used in its products to come from sustainable sources by 2020.

Puma to use recycled plastic bottles in new line Beth Wright | 29 Mar 19

German sportswear brand Puma is to launch a new sustainable sportswear collection with First Mile, a company that supports low-income communities in Haiti, Honduras and Taiwan by collecting plastic bottles to produce recycled polyester.

Puma FY profit jumps on stronger sales Hannah Abdulla | 18 Feb 19

German sports brand Puma has reported a 38% profit jump for the year to EUR187.4m (US$211.9m) on the back of stronger sales.

Puma launches self-lacing footwear fit technology Beth Wright | 11 Feb 19

German sportswear brand Puma has launched a self-lacing training shoe as the first product in its new Fit Intelligence technology platform designed to automate and fine-tune performance fit for its footwear.

Puma expands with new North American headquarters Beth Wright | 21 Jan 19

German sportswear brand Puma is to establish a new North American headquarters that will bring together two existing offices as part of plans to speed collaboration, creativity and innovation within its business.

Puma re-issues computerised running shoes Beth Wright | 20 Dec 18

German sportswear brand Puma has reissued what it claims to be the first shoe to have bought sophisticated electronic hardware and software into the sports experience over 30 years ago.

Puma ups guidance on better than expected Q3 Beth Wright | 25 Oct 18

German sportswear brand Puma has raised its full-year guidance on the back of a better than a expected third-quarter in which sales and profitability remained strong.g.

Adidas, C&A, Esprit set out new sustainability roadmaps Leonie Barrie | 23 Aug 18

Brands and retailers including Adidas, C&A, Esprit, Hugo Boss, KiK, Lidl, Primark and Puma are among 116 members of the German based Partnership for Sustainable Textiles who have submitted roadmaps outlining concrete steps to increase sustainability in their textile supply chains.

Puma reaffirms guidance as Q2 earnings surge 42% Beth Wright | 26 Jul 18

German sportswear brand Puma has reaffirmed its full-year guidance on the back of double-digit growth across all regions and product segments in its second-quarter.

Puma mulls China sourcing shift on US tariff fears Leonie Barrie | 25 Apr 18

The boss of German sportswear maker Puma has described the threat of a trade war between the United States and China as "a headache," and says the company is evaluating shifting its sourcing to alternative countries in Asia should the tit-for-tat trade spat ramp up.

Puma eyes annual 10% sales gain until 2022 Beth Wright | 21 Mar 18

German sportswear brand Puma has forecast sales increases for the next four years as the company remains buoyant after posting full-year revenue figures that topped the EUR4bn (US$4.9bn) mark for the first time.

Gucci drives "phenomenal" year for Kering Beth Wright | 13 Feb 18

French luxury goods group Kering has hailed a "historic performance" in 2017, powered by its flagship Gucci brand  – but cautioned the strong euro may weigh on its business in 2018.

Kering spins off Puma to focus on luxury Michelle Russell | 12 Jan 18

French luxury goods group Kering is to spin off German sports brand Puma to its shareholders as part of plans to transform itself into a pure luxury player.

Green supply chain map links China factories to brands Michelle Russell | 4 Jan 18

Six leading apparel brands have stepped forward to be featured on a new online map that claims to be the only tool in the world to openly link leading multinational corporations to their suppliers' environmental performance.

Adidas among group calling for climate action Beth Wright | 14 Dec 17

German sportswear giant Adidas is among more than 50 major global corporates calling on world leaders to tackle climate change by introducing framework conditions that lay the foundation for a pathway towards limiting global temperature rise to well below 2 degrees Celsius.

Puma ups guidance as footwear sales drive Q3 profit surge Beth Wright | 24 Oct 17

German sportswear brand Puma has raised its full-year guidance on the back of double-digit growth across all regions in its third-quarter and strong footwear sales.

Puma raises FY guidance amid "strong" Q3 Beth Wright | 19 Oct 17

In light of a "strong" third-quarter increase in sales and profitability, as well as the positive business outlook for the fourth quarter, German sportswear brand Puma has raised its full-year guidance for the third time this year.

Kering reports record H1 powered by Gucci Michelle Russell | 28 Jul 17

French luxury goods group Kering posted record earnings and operating margins in its first-half powered by its flagship brand Gucci and thanks to growth across the board and successful execution of its strategy.





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