Puma

One of the most searched items on Google of 2023 was the Middle East conflict involving the Hamas terrorist group and the regions of Israel and Gaza. Israel is losing its sponsor for its soccer team, but it likely has nothing to do with the current war. What Happened: Sportswear company PUMA SE (...

Tennis legend Serena Williams announced her planned retirement earlier this year. With a loss in the 2022 U.S. Open, Williams will now walk away from the sport as one of the greatest of all time to ever play the game. What Happened: Williams and sister Venus Williams dominated the sport of...

Adidas AG (ADR) (OTC: ADDYY) shares were surging higher Thursday, one day after taking a dive amid fears that the company’s North American momentum was finally slowing following its fourth-quarter report. The company launched a remarkable comeback in 2015 in North America and has doubled...

Nike Inc (NYSE: NKE)'s Zion Williamson debacle sure blew over fast. Just under two weeks after the exploding shoe incident, the company was named the most valuable apparel brand by Brand Finance and shares hit all-time high territory. Although Williamson’s injury related to his Nike...

Nike Inc (NYSE: NKE) lost a Buy rating ahead of its fourth-quarter earnings report set for June 28. The Analyst Buckingham Research analyst Eric Tracy downgraded Nike from Buy to Neutral, but raised his price target from $75 to $80. The Thesis With shares up 18 percent year-to-date, Tracy now sees...

When Puma AG Rudolf Dassler Sport (OTC: PMMAF) announced a comeback attempt in basketball earlier this year, it turned heads in the industry. Why is the brand that has had a really strong run in sportswear over the past few years entering a struggling performance basketball footwear market? A...

The shares of French luxury fashion houses LVMH Moet Hennessy Louis Vuitton SE (OTC: LVMHF) and KERING S A/ADR (OTC: PPRUY) hit all-time highs this week in a resurgence of luxury brands in the retail sector. LVMH noted in its first-quarter report this week that organic growth reached 13...

Foot Locker Inc (NYSE: FL) is in disaster recovery mode after missing on earnings and sales in the second quarter, causing the stock to lose nearly a quarter of its value Friday. Looking to our recent footwear industry sector recap, outside of adidas AG (ADR) (OTC: ADDYY) and Puma AG Rudolf...

With major footwear brands' second-quarter earnings reports in the books, Benzinga caught up with NPD Group’s footwear analyst Matt Powell to gauge sentiment. The second-quarter sales trend in athletic footwear was better than the first quarter, primarily due to calendar shifts, not...

As we gear up for the back-to-school season, a struggling footwear and apparel market is seeing significant promotional activity and discounting. "In my 17 years of doing research, this is the most promotional back-to-school I have seen,” Matt Powell of NPD Group told Benzinga. “...

Puma SE NPV (OTC: PMMAF) released preliminary second-quarter results on Monday and has raised its guidance for the second half of 2017. Puma has been one of the hottest footwear companies in 2017 in a struggling industry. “Puma is the only brand that is showing significant growth at scale,...

Shares of Puma Biotechnology Inc (NASDAQ: PBYI) hit a new 52-week high of $80.00 Thursday morning after the company confirmed that the U.S. Food and Drug Administration's Oncologic Drugs Advisory Committee voted 12–4 to recommend approval of PB272 (neratinib) for the treatment of early stage...

Foot Locker, Inc. (NYSE: FL) shares fell significantly, over 17 percent from last Thursday into Friday, after the first-quarter earnings report miss last week. Citi's 4 Reasons To Buy Despite retails notable struggles recently, Citibank analyst Kate McShane does not view Foot Locker as a typical...

The recent shift toward casual lifestyle shoes and away from performance has relatively new footwear competitor Under Armour Inc (NYSE: UAA) looking off the court or field to enter this market. Under Armour has taken a page out of adidas AG (ADR) (OTC: ADDYY)'s book and announced its latest...

Skechers USA Inc (NYSE: SKX) has reached its fair value after falling 17 percent in the last eight trading days, according to Susquehanna. Analyst Sam Poser upgraded the footwear manufacturer from Negative to Neutral on Monday and maintains a $25 price target. The company faces near-term domestic...