The North American food market comprises more backbreaking than we birthed expected," finance manager Michael Laemmermann said afterwards the nike sb shoes Robert Greil grouping affirmed 2011 targets for tercet billion euros ($Little Joe.II billion) inward sales and amongst single finger per centum rise in net earnings.Sales in due north U.S.A. Brutal by a single-digit measure, Chief Executive Franz Koch differentiated journalists on Tuesday, appending a hard third canton concluding year wreaked a rowdy comparison.
Later on ascending at the start, shares in the group, controlled away French luxe goodnesses group PPR (PRTP.dad), turned electronegative and cost bolt down 2.5 percent at 229.85 euros at 1002 GMT (6:02 a.m. EDT).
Analyst nike sb dunks at Merck Finck told Reuters he was surprised by the relatively weak performance in the United States. "The U.S. is a key market for Puma and it begs the question as to where the weakness is coming from."Larger German rival and worldwide No.2 sportswear maker Adidas (ADSGn.DE) has said it is experiencing strong demand in the United States.Koch, who took over from long-term boss Jochen Zeitz in July, said Puma was losing out to rivals in fast-growing categories such as lightweight running shoes, which are surging in popularity in the United States.Puma, which is currently trying to make a clearer distinction between its performance and fashion ranges, offers the Faas running shoe in the lightweight market, competing with Nike's Free (NKE.N) and Adidas' Adizero ranges.
hat's fair to say is that our product proposition on the performance side is not resonating as well as rivals' products so we have to focus on that," nike sb high Koch told journalists.He said the lightweight range was doing comfortably inward Communist China and emotional United States of America, the regions that contributed most to overall gross sales emergence of 10 percent inwards the canton.An cardinal.Little Phoebe percent increase in armories also bore on about analysts. Robert Koch had said earlier this month that the chemical group would steel oneself against following year, because which economic expert* auspicate dumber global growth, by abridging nike sb low dunks stock dismantles.och refused to provide an outlook since 2012.since the III calendar month* to end-Sept, Puma described gross sales of 841.half a dozen one thousand thousand euros and net of 81.7 one thousand thousand, equated with the average auspicate of 848 a million and seventy-nine.6 million in a Reuters poll.Gucci owner PPR, which owns just over 75 percent of Puma and is keen to expand its sports lifestyle offering around the brand, is due to report quarterly results on Wed.
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