Puma Prowls As Job Cuts And Upstart Rivals Crowd The Playing Field
1. Puma plans to cut 900 jobs by 2026 amid restructuring. 2. Sales have declined significantly in the U.S. market due to competition. 3. Company revenue fell 10.4% in the recent quarter, below expectations. 4. Puma aims for growth by refocusing on higher-margin products. 5. Long-term brand investments expected to yield results by 2027.