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Tuesday, May 148:17 AMPuma (PMMAF.PK) warns sales could fall 1% to 5% in 2013 after the retailer saw Q1 come in below expectations. The company says it will make a clean break from the strategy of its former CEO of 18 years as a focus on fashionable lifestyle products sputtered in Europe and China. Analysts don't think the weakness at Puma is a stark warning sign for Nike (NKE) or Adidas (ADDYY.PK). |Tuesday, May 148:17 AM| Comment!
Friday, May 32:49 PMAthletic shoes in focus: Analysts think the strong quarter in North America by Adidas (PMMAF.PK) confirms that demand for athletic shoes is outpacing other retail categories. Nike (NKE +2%), Foot Locker (FL +0.9%), and Finish Line (FINL +3.1%) could surprise to the upside as new lines sell well and a shift in the product mix toward higher-margin basketball shoes helps boosts results - while don't count out Dick's Sporting Goods (DKS +2%) and Under Armour (UA +0.9%) to also catch some of the action. |Friday, May 32:49 PM| Comment!
Friday, May 37:02 AMA healthy performance by Adidas (PMMAF.PK) in Q1 bodes well for Nike (NKE) as demand for higher-margin products helped boost profitability. What to watch: Nike wants to get back on track in China which accounts for over 10% of its total revenue and the strong performance by Adidas in its golf category in new markets could translate well for Nike. |Friday, May 37:02 AM| Comment!
Friday, May 36:54 AMAdidas (PMMAF.PK) recorded its highest gross profit margin evere as the company saw a shift in products sold to higher margin items. Net income jumped 6.5% percent to €308M ($403M) to topple the estimates of analysts calling for €298.5 ($392.8M). The company also confirmed its outlook for 2013. Shares of Adidas are up 5.7% in Frankfurt trading. |Friday, May 36:54 AM| Comment!
Thursday, Apr 187:00 AM
Wednesday, Dec 122012, 8:10 AMPuma (PMMAF.PK) announces its CEO will step down next spring as part of a large corporate reshuffling by parent PPR at the sportswear company. While beefy rivals Adidas and Nike ride out the sluggish European economy with their larger global footprint helping smooth out sales, Puma is under pressure to cut costs in order to save profits. |Wednesday, Dec 122012, 8:10 AM| 1 Comment
Monday, Aug 132012, 7:34 AM
Monday, Aug 62012, 12:43 PMSlumping Puma (PMMAF.PK) may have got the shot in the arm it needed for its Bolt brand when Jamaican sprinter Usain Bolt dashed to a gold medal in the 100-meter race at the Olympics. Mired third in sportswear sales behind Nike and Adidas, the German company may have seen its fortunes improve in a mere 9.63 seconds. |Monday, Aug 62012, 12:43 PM| Comment!
Wednesday, Jul 182012, 6:40 AM
Tuesday, Mar 272012, 3:30 PMAdidas (ADDYY.PK) appears to be in line for only a bronze medal this year with rivals Nike (NKE -0.4%) and Puma (PMMAF.PK) both projecting sales growth in the double digits, fueled by exposure from the London Olympics. On the other hand, the German company sees sales growth actually slowing down this year to 5%-9% from 13% last year. |Tuesday, Mar 272012, 3:30 PM| Comment!
Wednesday, Mar 102010, 12:09 PM