Puma AG

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INSIGHT: Puma feels volatile market in Q2 profit dip just-style.com | 7 Aug 09

Sporting goods company Puma has posted a 15.6% drop in second quarter net earnings, after reduced margins offset lower operating costs achieved through restructuring.


Top stories on just-style this week... just-style.com | 7 Aug 09

Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.


GERMANY: Puma Q2 sales rise 4% just-style.com | 3 Aug 09

Second quarter sales at sporting goods group Puma AG have risen by 4.1%, it emerged on Friday (31 July), suggesting cost-cutting measures to weather the economic downturn are starting to take effect.


GERMANY: Puma to use more ‘Cotton Made in Africa’ just-style.com | 14 Jul 09

Sportswear company Puma says it will make 2% of its entire apparel collection in the second half of this year with sustainable cotton from sub-Saharan countries.


US: Court OKs $119m sale of Hartmarx to Emerisque just-style.com | 26 Jun 09

A federal bankruptcy judge has given the go-ahead for the sale of bankrupt suit maker Hartmarx Corporation to private equity firms Emerisque Brands and SKNL North America.


Spotlight on...Eddie Bauer just-style.com | 19 Jun 09

Eddie Bauer’s bankruptcy filing this week was not unexpected; mounting debts and slumping sales in a difficult economic climate meant its future was simply untenable. But with a sale of the business already agreed, and the possibility of an even better offer in the pipeline, could this mark a fresh start for an iconic brand? Leonie Barrie reports.


Speaking with style: Motoi Oyama, president, Asics just-style.com | 12 Jun 09

Core values have served Japan's Asics Corporation well down the years, and are continuing to do so at a time when the world is trying to come to grips with the worst global economic crisis in living memory, as company president Motoi Oyama tells just-style.


US: Bankruptcy judge OKs raised bid for Hartmarx just-style.com | 3 Jun 09

A raised bid from Emerisque Brands and SKNL North America for bankrupt suit maker Hartmarx Corporation was yesterday (2 June) given the go-ahead by a federal bankruptcy judge.


US: Lenders oppose Emerisque's offer for Hartmarx just-style.com | 1 Jun 09

Plans for the sale of bankrupt Chicago-based suit maker Hartmarx seem to be stumbling after its chief lender Wells Fargo says it opposes a US$119m deal reached last week with Emerisque Brands and SKNL North America – a unit of Indian apparel maker S Kumars Nationwide Ltd.


US: Hartmarx accepts $119m offer from Emerisque, SKNL just-style.com | 26 May 09

Bankrupt Chicago-based suit maker Hartmarx Corporation has agreed to sell its assets to Emerisque Brands UK Limited and SKNL North America - a unit of Indian apparel maker S Kumars Nationwide Ltd - in a deal worth US$119m.


US: Emerisque makes Hartmarx bid as lawmakers step in just-style.com | 22 May 09

London-based private-equity firm Emerisque Brands has tabled a bid for bankrupt Hartmarx as lawmakers add to calls to keep the US suit maker open.


GERMANY: Puma to cut costs after Q1 profit slumps just-style.com | 8 May 09

Sports goods group Puma is to implement further cost-cutting measures after unveiling a first quarter profit of only EUR5.6m (US$7.6m).


FRANCE: PPR denies Gucci sale rumours just-style.com | 23 Apr 09

French luxury goods firm PPR Group "categorically denies" rumours about the possible sale of its Gucci Group subsidiary and purchase of the remainder of sporting goods group Puma.


FRANCE: PPR happy despite 2.6% Q1 sales decline just-style.com | 22 Apr 09

French luxury goods group PPR expressed satisfaction despite a 2.6% decline in first quarter consolidated sales to EUR4.8bn (US$6.2bn), salvaged by the strong performance of international markets.


China taps into demand for eco-textiles just-style.com | 17 Mar 09

China’s fledgling eco-textile companies are facing slowing growth as Western brands cut back on expensive fabrics. But environmentally friendly products still present better opportunities than mainstream textiles, as Dominique Patton reports.


GERMANY: Puma CFO Dieter Bock to leave company just-style.com | 3 Mar 09

Sporting goods firm Puma has announced that its chief financial officer Dieter Bock is to resign for personal reasons.


FRANCE: PPR full-year income edges up 0.1% just-style.com | 19 Feb 09

French luxury goods firm PPR has posted a 0.1% rise in fiscal 2008 income as sales grew 6% despite declining customer demand.


GERMANY: Puma feels financial crisis as FY profit dips 13.5% just-style.com | 18 Feb 09

Despite higher sales at sporting goods firm Puma, full-year earnings have dropped by 13.5% after costs climbed and margins fell in the fourth quarter as the global financial crisis began to bite.


GERMANY: Puma buys Swedish corporate gift firm Brandon just-style.com | 12 Jan 09

Sporting goods firm Puma has bought Brandon Company, a Swedish company that specialises in corporate merchandise for blue-chip clients.


INDIA: Footwear market to profit from rising Chinese costs just-style.com | 11 Dec 08

Leading footwear players like Adidas, Puma and Nike are likely to shift some of their purchasing and production from China to India over the next three years, according to new research, as Chinese products lose their cheap price tag and buyers turn to India for low-cost products.


GERMANY: Puma poised to take over Dobotex just-style.com | 3 Dec 08

Sportswear giant Puma is set to take a majority shareholding in Dutch licensee Dobotex, with effect from the beginning of next year.


GERMANY: Puma goes live with Jesta retail solution just-style.com | 12 Nov 08

German sporting goods company Puma has implemented a new vision merchandising solution to manage all purchasing and inventory for its stores in the European Economic Area (EEA).


GERMANY: Puma posts flat Q3 earnings, lifts guidance just-style.com | 7 Nov 08

Sportswear group Puma has posted flat third quarter profit of EUR89.0m (113.9m), but raised its sales guidance for the full-year on strong orders.


GERMANY: Puma raises outlook after Q3 profit holds firm just-style.com | 31 Oct 08

A steady third quarter with rising sales and increasing orders has led sportswear company Puma to raise its full-year revenue guidance.


US: Retailers put pressure on Congress to end shoe tax just-style.com | 27 Oct 08

Nearly 50 companies representing over 160 well-known footwear brands and retailers are urging Congress to pass the Affordable Footwear Act, which would end the shoe tax on lower to moderately-priced footwear and all children’s shoes.


FRANCE: PPR Q3 sales up 1.7% thanks to Puma, Gucci just-style.com | 24 Oct 08

French retail brands group PPR had sportswear label Puma and luxury goods company Gucci to thank for a 1.7% increase in third quarter sales to EUR4.9bn (US$6.2bn).


US: Bankrupt Shoe Pavilion to close all 64 stores just-style.com | 21 Oct 08

Off-price footwear retailer Shoe Pavilion Inc, which filed for Chapter 11 bankruptcy protection in July, is to shutter its entire chain of 64 stores.


GERMANY: Puma extends VfB Stuttgart deal just-style.com | 10 Oct 08

Sportswear company Puma and German football club VfB Stuttgart have agreed to extend their sponsorship tie-up until 2015.


US: Tom Morgan named SVP of global sales at Keds Group just-style.com | 15 Sep 08

Footwear firm The Stride Rite Corporation has named Tom Morgan to the newly created position of senior vice president of global sales of its Keds Group, and general manager of the PRO-Keds brand.


US: Puma North America selects iCongo e-commerce just-style.com | 12 Sep 08

Sportlifestyle company Puma North America has selected iCongo’s ICE3 suite of e-commerce and e-marketing systems to create an online order management and marketing customer portal.

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