Connect with us

Fashion

Puma to cut 900 jobs as part of restructuring under new CEO Arthur Hoeld

Published

on

Puma to cut 900 jobs as part of restructuring under new CEO Arthur Hoeld


By

DPA

Translated by

Nazia BIBI KEENOO

Published



October 30, 2025

The world’s third-largest sportswear company, Puma, is facing losses but plans a major turnaround. The Germany-based brand, trailing Nike and Adidas, will cut about 900 administrative roles and streamline its product portfolio by the end of 2026 under its new CEO, Arthur Hoeld.

Reuters

Puma, headquartered in Herzogenaurach, reported losses in the first nine months of the year. Sales fell 8.5% to €5.97 billion compared with the same period last year, while consolidated earnings dropped by about half a billion euros. After nine months, the company posted a net loss of €257 million.

Moving forward, Puma intends to focus on its core categories of football, training, running and sports fashion. Its direct-to-consumer business—through its own retail stores and e-commerce—is expected to grow faster, as Puma has so far been heavily dependent on wholesale distribution. The new CEO described 2026 as a transition year, to return to growth from 2027 onward.

To achieve this, Hoeld plans to strengthen the brand and its signature leaping cat logo. “I firmly believe that the Puma brand is intact and has incredible potential,” he said. The company intends to reduce wholesale’s share of revenue, as discounted sales through big-box retailers have hurt brand desirability. Puma also plans to lower its inventory levels.

This article is an automatic translation.
Click here to read the original article.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fashion

US wholesale inflation accelerates as producer prices rise 0.7% in Feb

Published

on

US wholesale inflation accelerates as producer prices rise 0.7% in Feb



US producer prices recorded a sharp uptick in February 2026, signalling renewed inflationary pressure at the wholesale level, according to the US Bureau of Labor Statistics (BLS). The Producer Price Index (PPI) for final demand rose 0.7 per cent month-on-month (MoM) in February on a seasonally adjusted basis, following increases of 0.5 per cent in January and 0.4 per cent in December 2025.

On a year-on-year (YoY) basis, final demand prices climbed 3.4 per cent in the 12 months ended February, matching the largest annual increase recorded in February 2025. Margins for apparel, footwear, and accessories retailing declined by 4.5 per cent, BLS said in a press release.

US producer prices rose 0.7 per cent MoM in February 2026, with annual inflation at 3.4 per cent.
The increase was driven mainly by services, up 0.5 per cent, while goods prices climbed 1.1 per cent, led by energy.
Apparel retail margins fell 4.5 per cent.
The data signals broad-based wholesale inflation, with sustained pressure despite weakness in select consumer-facing segments.

The February rise was driven largely by services, which accounted for more than half of the overall increase. Prices for final demand services advanced 0.5 per cent, marking the third consecutive monthly gain. Within this category, prices for services excluding trade, transportation, and warehousing rose 0.6 per cent, contributing nearly three-fourths of the increase. Trade services and transportation and warehousing services also posted gains of 0.4 per cent and 0.5 per cent, respectively.

Meanwhile, prices for final demand goods rose 1.1 per cent in February, the steepest increase since August 2023. Energy prices also increased by 2.3 per cent, while prices for goods excluding food and energy registered a more modest rise of 0.3 per cent.

Fibre2Fashion News Desk (SG)



Source link

Continue Reading

Fashion

North India cotton yarn strengthens on supply shortage

Published

on

North India cotton yarn strengthens on supply shortage












Source link

Continue Reading

Fashion

US apparel imports fell 5% in terms of volume in 2025

Published

on

US apparel imports fell 5% in terms of volume in 2025



During the period, apparel imports declined by *.** per cent to **,***.*** million SME from **,***.*** million SME in ****. Imports of textiles (non-apparel) reached **,***.*** million SME in ****, marking a decline of *.** per cent compared with **,***.*** million SME in ****.

The import volume of cotton products fell by *.** per cent to **,***.*** million SME during the review period, compared with **,***.*** million SME a year earlier. Meanwhile, imports of man-made fibre (MMF) products decreased to **,***.*** million SME in ****, down from **,***.*** million SME in ****.



Source link

Continue Reading

Trending