Puma AG

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GERMANY: Puma Q2 beats consensus despite profit slide Katie Smith | 29 Jul 14

German sportswear business Puma delivered a second-quarter performance in line with both analyst and company expectations, despite posting a 76.2% drop in net earnings.


ANALYSIS: Vietnam soars as US apparel imports decline in May Leonie Barrie | 8 Jul 14

Despite forecasts suggesting US imports would continue to rise in May - in part to offset the threat of possible industrial action and disruption at major West Coast container ports this summer - the latest data in fact shows apparel imports were down year-on-year. While Vietnam was one of the few countries bucking the overall decline, shipments from China and Bangladesh showed fluctuating fortunes.


US: Preferred fibre usage “set to grow further” Richard Woodard | 17 Jun 14

Usage of preferred fibres such as identity cotton and recycled polyester is set to grow further, says the first Preferred Fibers Market Report from non-profit organisation Textile Exchange.


US: Zwiers to lead global growth at Wolverine Worldwide Katie Smith | 16 Jun 14

As part of ongoing efforts to accelerate global growth, US clothing and footwear business Wolverine Worldwide has promoted company veteran James Zwiers to president of its International Group.


VIEWPOINT: Risk-averse retailers vote with their orders Leonie Barrie | 12 Jun 14

The international apparel supply chain faces a complex array of risks and variables, and buyers are putting a high priority on minimum disruption. Indeed, there's a stark link between the three top-ten supplier countries whose imports to the US have fallen this year so far.


US: Puma sees benefits of Cradle to Cradle certification Michelle Russell | 9 Jun 14

Sportswear firm Puma is one of ten companies that have cut costs, improved product value, developed new revenue streams and avoided risks thanks to its 'Cradle to Cradle' certification.


ANALYSIS: Bangladesh lags as Vietnam leads US import growth Leonie Barrie | 5 Jun 14

As US retailers stocked up in anticipation of a busy spring and summer, their preferred supplier choices in April continued to be led by China and Vietnam. But the decline in shipments from Bangladesh appears to be accelerating.


CAMBODIA: Court ruling frees garment workers and activists Leonie Barrie | 30 May 14

A Cambodian court has today (30 May) freed 25 garment workers and labour activists arrested during demonstrations earlier this year, instead handing out suspended sentences ranging from one to over four years.


WORLD: Protests urge Adidas to step up detox plans Leonie Barrie | 30 May 14

Environmental activists are planning worldwide protests against Adidas at the weekend, calling on the sportswear giant to clean up production of its World Cup merchandise.


US: Levi Strauss cuts sourcing from Cambodia Katie Smith | 29 May 14

Jeans giant Levi Strauss & Co has reduced its sourcing from Cambodian garment factories in a bid to "minimise supply-chain risk and ensure delivery" amid ongoing unrest in the country.


CAMBODIA: Brands prepared to cost in higher wages Richard Woodard | 28 May 14

Fashion brands and retailers have suggested they are prepared to factor in the cost of higher wages for garment workers in Cambodia when sourcing from the country.


CAMBODIA: Brands back new talks on worker rights violations Richard Woodard | 23 May 14

Clothing brands and retailers including H&M, Gap and Levi Strauss are set to renew talks with the Cambodian government on Monday (26 May) over the alleged violation of worker rights in the country.


UPDATE: GERMANY: Tests show toxic chemicals in World Cup products Leonie Barrie | 20 May 14

Sporting goods giants Adidas and Nike have both hit back at claims that some of the football merchandise produced ahead of this year's World Cup in Brazil contains high levels of hazardous chemicals.


GERMANY: Puma warns on FY as currencies hurt Q1 Katie Smith | 14 May 14

Sportswear firm Puma has warned of lower full-year earnings after volatile currencies and lower sales led to a double-digit drop in first-quarter profit.


THE FLANARANT: Following fashion isn't the best sourcing strategy Mike Flanagan | 30 Apr 14

Retailers and brands are increasingly engineering their operations to make the most of changing trends affecting everything from sourcing to sales. But as Mike Flanagan points out, the model that works for one company is unlikely to work for another. Here he gives some examples.


Rana Plaza one year on: Timeline of change Leonie Barrie | 24 Apr 14

The Rana Plaza factory disaster has proved to be a catalyst for change in Bangladesh. While there has been criticism of the speed of the factory inspection process and efforts to improve worker safety, a timeline of major milestones shows that progress is being made.


CHINA: Brands urged to uphold responsibility at Yue Yuen Michelle Russell | 24 Apr 14

Hong Kong-based advocacy group Globalization Monitor has issued an open letter to brands sourcing from the striking Yue Yuen factory in China - Adidas, Nike, and Timberland - demanding they uphold their corporate social responsibility.


PSF 2014: Ten sustainability takeaways Leonie Barrie | 14 Apr 14

Being sustainable might be "the right thing to do," but it impacts each and every stage of the apparel industry and its supply chain. Here some of the participants at this year's Prime Source Forum in Hong Kong share their thoughts on the issue.


Top stories this week on just-style... Michelle Russell | 11 Apr 14

The most-read stories on just-style this week include data that reveals cotton's share of the US clothing market has fallen, a ban by Walt Disney on Pakistan and Bangladesh production, VF Corp's new China hub, and the high tariffs imposed by the Bangladesh government on building and safety equipment for the country's factories.


CAMBODIA: Adidas, Nike and Puma "complicit" in mass faintings Michelle Russell | 7 Apr 14

Adidas, Nike and Puma need to take some responsibility for recent mass faintings at two facilities in Cambodia producing their sportswear, a human rights group has said.


HONG KONG: Prime Source Forum gears up for sourcing debate Leonie Barrie | 28 Mar 14

In less than a week's time, senior sourcing executives from Marks & Spencer, Puma, Esprit, Perry Ellis, Under Armour, VF Asia, Luen Thai Holdings, Crystal Group and TAL Apparel will be sharing their views and insight with other industry stakeholders at Prime Source Forum in Hong Kong.


Apparel brands have vital role to play in Cambodia crisis Richard Woodard | 26 Mar 14

Western brands and retailers are “deeply implicated” in the current unrest gripping the Cambodian apparel sector – but they can also be part of the solution, says a new report.


Zero discharge group “forging solidly” towards goals Richard Woodard | 6 Mar 14

Members of the Zero Discharge of Hazardous Chemicals (ZDHC) Group are “forging solidly” towards their 2020 goals, but need the collective help of industry and other stakeholders, says a new report.


VIETNAM: Apparel firms invest $200m in production facilities Ngo Tuan | 24 Feb 14

Two investment licenses have been granted by the Ho Chi Minh city Export Processing and Industrial Zones Authority that will lead to the construction of two apparel complexes worth nearly $200m.


In the money: Forever Faster strategy to drive Puma turnaround Katie Smith | 21 Feb 14

Despite delivering a disappointing fourth-quarter and full-year performance, German sporting goods firm Puma believes it has laid down the foundations that will return the company to its sportswear focus, with a new brand campaign dubbed 'Forever Faster' designed to put it back on track.


CAMBODIA: Government talks take "tentative steps" Leonie Barrie | 21 Feb 14

Talks between major apparel brands, global trade unions and the Cambodian government earlier this week to discuss ongoing concerns about the country's garment industry have made "tentative steps" it emerged yesterday (20 February).


FRANCE: Kering FY profit plummets on restructuring costs Katie Smith | 21 Feb 14

French luxury goods group Kering has seen its full-year profit slide, hurt by costs related to the restructuring of its Puma sportswear brand and the disposal of its La Redoute mail order business.


just-style's most read stories this week... Katie Smith | 21 Feb 14

Among the most-read stories on just-style this week were claims that hazardous chemicals have been found in luxury children's clothing and footwear, calls by Cambodian labour unions for a mid-March strike, and a comment on new initiatives aimed at making it easier for factories to compete while improving wages and working conditions.


GERMANY: Puma Q4 loss widens on one-time charges Katie Smith | 20 Feb 14

Sportswear brand Puma says it expects 2014 to mark the start of its turnaround, after reporting a wider fourth-quarter loss on the back of lower sales and one-time charges.


CAMBODIA: Unions call for mid-March strike Thomas Maresca | 18 Feb 14

Cambodian labour unions are calling for a nationwide strike in mid-March, as disputes over garment industry wages and government crackdowns on protesters continue.

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