Puma reports a successful third quarter



The company reported an increase in sales and profit, but the future is still uncertain.
Puma experience store

The year 2020 proved to be a real challenge for Puma and many other brands. The first quarter was hit by the coronavirus pandemic, followed by a very challenging second quarter with falling sales and revenues. CEO Björn Goulden described last months as "the most challenging quarter I have ever experienced in this industry.

But the third quarter allowed the management of the German sportswear manufacturer to relax a little. Sales grew by 13 percent, with stores in the Americas and Europe, Africa, and Russia, beginning to recover. Although Puma reported an expected lower attendance at stores, the conversion rate remained high. E-commerce and wholesale also increased by 60.9 percent and 12.3 percent, respectively.

Puma was also able to improve its operating result compared to last year, with a $171.5 million profit. This result is achieved by reducing the number of marketing activities while improving efficiency and implementing several cost-cutting measures.

All of this allowed Björn Goulden to make an optimistic statement about the near future of the company he trusted. Nevertheless, the effects of the COVID-19 pandemic are still being felt, negatively impacting clothing and footwear sales. The recovery remains a challenge for fashion and sportswear brands. The second wave can again lead to a marked decline in sales worldwide because experts expect it will be more complicated than the first one.

More about shopping malls in Germany



YESTERDAY, USA:
Families will be able to participate in a 10-minute interactive video tour of Cane Institute at the North Pole for only $20.
YESTERDAY, USA:
Retail Ecommerce Ventures (REV), which owns Pier 1, Dressbarn, and Modell's Sporting Goods, will buy the bankrupt Stein Mart chain of department stores.
YESTERDAY, United Kingdom:
Iceland supermarket chain is ready to support distribution by its logistics chain for frozen food.
YESTERDAY, United Kingdom:
Debenhams, Primark, and Marks&Spencer were able to receive a record number of customers.
DAY BEFORE YESTERDAY, United Kingdom:
The retailer decided the day after the bankruptcy of the primary tenant - the owner of Topshop brand.
DAY BEFORE YESTERDAY, USA:
Sephora stores will open in department stores of about 115 square meters.
Friend
and Follow
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us