THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Puma makes good third quarter progress

Sportswear brand Puma has continued on its growth path in its third quarter with currency adjusted sales increasing by 10.7% to € 990.2 million. All regions… View Article

GENERAL MERCHANDISE NEWS

Puma makes good third quarter progress

Sportswear brand Puma has continued on its growth path in its third quarter with currency adjusted sales increasing by 10.7% to € 990.2 million.

All regions contributed to the growth with EMEA and the Americas being the main drivers.

The brand said footwear once again performed particularly well with a currency adjusted increase of 16.4%.

Bjørn Gulden, chief executive of Puma, said: “We have seen a solid improvement in the sell-through of our products at retail in the third quarter.

“New product lines like the Fierce, the Platform, the Ignite Dual and the Fenty lines have shown to be “right” for the consumers and our marketing with personalities like Rihanna, Kylie Jenner, Cara Delevingne and, of course the unbelievable performance of Usain Bolt, have increased our brand heat.”

Meanwhile, net profit almost doubled in the period, coming in at €39.5 million.

Puma now expects its full-year EBIT to be within the upper half of the previously guided range of €115 million to €125 million.

Subscribe For Retail News