BERLIN — Earnings and sales continued to decline at Puma in the second quarter of 2013, and while the company confirmed its full-year outlook, the sport lifestyle brand expects the second half of 2013 “to remain quite challenging for us,” chief financial officer Michael Laemmermann said Wednesday in a conference call.
Impacted by sluggish performance in several key markets and negative currency effects, net earnings fell 33 percent to 18 million euros, or $23.5 million, in the three-month period ended June 30. Currency-adjusted sales for the quarter slipped 4 percent to 692 million euros, or $903.7 million. Sales in euro terms fell by 8 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)