By  on October 24, 2012

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.

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