Adidas and Puma, two of Germany’s leading sportswear companies, are reportedly planning significant layoffs as they navigate global challenges and strive to enhance profitability. This decision comes ...

Puma SE is shipping far fewer Chinese-made sneakers to the US as the trade war between the countries heats up.

Puma shares slumped on Thursday as the German apparel maker’s preliminary fourth-quarter numbers disappointed analysts.

German sportswear giants Adidas and Puma have both announced they are seeking to reduce costs, including through possible job cuts, as they eye ...

Puma wants to improve operations and cut costs in the name of profitability, while Adidas said its operating model is too complex.

However, a spokesman for the company refused to confirm the job cut number but said that the company structure was ‘too complex in a constantly changing world’.

(Bloomberg) -- Puma SE shares plunged after the German sportswear company reported disappointing earnings and pushed back profitability targets in a painful contrast to cross-town rival Adidas AG.

As the 2025 season approaches, adidas has unveiled its debut Mercedes-AMG PETRONAS collection. This collection offers fans an ...

Puma has been relaunching shoes such as the 1999 motor racing-inspired "Speedcat" as it tries to muscle into a market dominated by Adidas' retro Samba soccer sneakers, but JPMorgan analysts said ...

Adidas wants to ensure “long-term success”, while Puma aims to cut costs, including through “personnel expenses”. Read more at straitstimes.com.

Puma lost more than a fifth of its market value on Thursday after the weak quarterly results highlighted the work Puma still faces to take a bigger slice of the $400 billion global sportswear market ...