Puma's Financial Struggles: Layoff Rumors and a Double Decline
In the wake of its financial disclosure, Puma's stock price experienced a dramatic decline of 25% on the German stock market, a clear indicator of market disappointment. Despite a year-on-year revenue ...
Puma faces weak U.S. demand, plans job cuts as shares plunge
Puma on Wednesday announced job cuts and warned of uncertain U.S. consumer demand as the German sportswear group's shares ...
Puma plans job cuts as US demand weakens, outlook dims
Puma on Wednesday announced job cuts and warned of uncertain US consumer demand as the German sportswear group's shares ...
Reuters2d
Puma faces weak U.S. demand, plans job cuts as shares plunge
Company forecast currency-adjusted sales below last year's level Management flags weak U.S. market, announces 500 job cuts Puma shares down 23% Sign up here. Chief Executive Arne Freundt said Puma ...