- Company forecast currency-adjusted sales below last year's level
- Management flags weak U.S. market, announces 500 job cuts
- Puma shares down 23%
https://www.reuters.com/business/retail-consumer/puma-shares-seen-falling-downbeat-outlook-2025-03-12/
4 replies (most recent on top)
Layoff day today in NA. Good to see some of the folks go that have been around too long. How about cutting more fat from the top??!?
Sportstyle marketing mafia sounds about right. Don’t forget the promoting of a French GM who worked on candy bar marketing 30 years ago as the head of all global marketing and Maria the ice queen now leading Arne around by the ba--s.
It went downhill when the Sportstyle marketing mafia took over everything in product and there was no Björn anymore to keep them in check. They think they can scale their Select collab formula combined with a million variations of the same cheap craply made products to the whole company.
The new old marketing team is going to run those company into the ground. “go wild” is not innovative it’s embarrassing. TMc and her group of 2010s leadership is going to sink this ship fast. NB is hiring!