Footwear brand Puma is cautioning that external challenges are expected to persist throughout 2024. “For 2024, we foresee the geopolitical and macroeconomic challenges as well as highly volatile currencies to persist,” said Puma CEO Arne Freundt in a Wednesday (Jan. 24) statement. “This continues to weigh...
The luxury goods sector may be facing a potential downturn, according to RBC Capital Markets. The investment bank said in a recent note that one of the key factors is the expectation of a consolidation of the strong gains that luxury goods makers have experienced in...
Today in retail, Kohl’s board of directors is fighting a takeover bid by an activist investor, while Hasbro’s board urges shareholders to keep them and Puma is trying to capture the women’s market. Plus, grocery stores’ in-store apps make shopping an omnichannel experience, PayPal is...
Demand for casual clothes, streetwear and athletic footwear may still be the hottest corner of the apparel universe but the sector’s top players are all struggling to find traction in a slippery and changing marketplace. Plagued by a mix of supply chain issues, rising costs,...
September 24, 2024
Google’s artificial intelligence (AI) model Gemini is being put to work by companies in a variety of ways, delivering answers, recommendations and new capabilities to both customers and employees. More than 2 million developers are building with Google’s generative AI solutions, the company said in a Tuesday (Sept. 24) media kit shared with PYMNTS. “We’re […]
October 11, 2023
The luxury goods sector may be facing a potential downturn, according to RBC Capital Markets. The investment bank said in a recent note that one of the key factors is the...
October 10, 2019
PUMA has announced that it is signing a multi-year deal with eSports brand Cloud9 to make clothing for gamers in the same way it makes soccer jerseys and other sports-related...
June 12, 2015
Amazon.ca will now offer clothes and shoes from brands such as Levi’s, Puma, and French Connection, adding 1.5 million items to its inventory, according to Reuters. Last year, the online retailer...
