PARIS — Puma said Wednesday it would close stores and trim jobs to improve its disappointing sales and earnings performance.
The Herzogenaurach, Germany-based sporting goods giant reported net profits plummeted 85.1 percent in the third quarter and confirmed they would be significantly lower in 2012 than the previous year, reflecting the impact of restructuring measures designed to offset a sharp decline in sales in crisis-hit Europe.
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)