PUMA: Puma plans job cuts as US demand weakens, outlook dims

read the original version on: www.retailnews.asia Puma on Wednesday announced job cuts and warned of uncertain US consumer demand. The German sportswear group's shares slumped 23 percent in the wake of disappointing quarterly and annual forecasts issued a day earlier. The grim outlook, which follows weak quarterly sales and annual profit announced in January, has raised concerns over Puma's ability to [...] The post Puma plans job cuts as US demand weakens, outlook dims appeared first on Retail News Asia.