You can find more information about these cookies and your user rights in our data security statement at the end of this site. Deutsche Bank AG The closing price of PUMA shares on the Our basketball business also continues to grow beyond the key North American market, and we saw continued strength in our performance basketball product portfolio and basketball inspired Sportstyle product families such as the RALPH SAMPSON. voting rights through instruments at 7.02%, BlackRock voting rights at 6.22%, incl. Offline Segment to Support the Growth of the Global Market. Statista. Major sports events, such as the Olympics, FIFA, and others scheduled in 2020, were postponed or canceled. Germany, Against Modern Slavery and Human Trafficking, %, incl. Like arch rival Nike, Adidas has seen its revenues evaporate in 2020. Private equity firms Permira and Triton are said to be exploring a possible acquisition, with Kasper Rorsted, Adidas chief executive, accepting his company may be forced to settle for less than 2 billion (US$2.3 billion) to offload a brand it has struggled to rejuvenate over the past 14 years. Puma SE engages in the development and sale of sports and sports lifestyle products which includes footwear, apparel and accessories. Broadly speaking, Adidas performance mirrors that of Nike, but the German brand is facing its own unique set of challenges. voting rights through instruments at 7.49%, BlackRock voting rights at 7.79%, incl. voting rights through instruments at 5.31%, BlackRock voting rights at 5.37%, incl. Please send voting rights notifications or questions hereto by email to: investor-relations@puma.comPlease be aware that we will not reply to questions relating to non-IR topics. Moreover, sports disciplines, such as football, baseball, hockey, and others, witness a high number of participants, which will propel the market growth. (before acquisitions) per share. voting rights through instruments at 7.48%, BlackRock voting rights at 5.78%, incl. Still, even after a strong Q3, chief executive Bjorn Gulden warned that Puma will be unable to provide a decisive forecast for the fiscal year due to lingering uncertainty surrounding the pandemic. Profit from the additional features of your individual account. voting rights through instruments at 5.73%, FIL Limited voting rights at 3.01%, incl. voting rights through instruments at 7.94%, BlackRock voting rights at 7.89%, incl. voting rights through instruments at 7.67%, BlackRock voting rights at 6.52%, incl. PUMA has continued its brand mission to become the fastest sports brand in the world. Asia Pacific is considered to be the fastest-growing region during the forecast period 20212028. voting rights through instruments at 7.83%, BlackRock voting rights at 7.85%, incl. voting rights through instruments at 5.32%, BlackRock voting rights at 4.49%, incl. Major Players Emphasize on Making Innovative and Durable Products. German-based Puma has a new home in North America amidst the brand's continued growth. Looking forward to work together in the future, It has been a delightful experience working with you guys. The demand for the product is growing at a remarkable rate owing to the rising number of sports tournaments. As the PUMA brand and products continue to resonate well around the world, we see an increased need to focus on the sports, ambassadors, collaboration partners and communication platforms that are most relevant in the different markets. While basketball is especially important for North America, we also focused on ensuring strong local relevance in all our other markets worldwide. With the support of JAY-Z, our Creative Director for basketball, we developed a strong product offering across footwear, apparel and accessories that can be worn on and off the court. In 2020, we also added Brazilian football star Neymar Jr. to our roster of world-class assets, underlining our continued focus on the football category. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. Please do not hesitate to contact me. Currently, you are using a shared account. Quarterly sales rose by 13 per cent to 1.58 billion (US$1.87 billion) and operating profit grew 17 per cent to 190 million (US$223 million), beating analyst projections. Therefore, a rise in the number of sports participation is likely to support the market. In apparel and accessories, we saw a good development across the portfolio, especially from motorsport and basketball apparel as well as our essentials offering, which includes socks and underwear. A costly restructuring culminated with a leadership change last year, when Patrik Frisk became the firms chief executive, and hundreds more layoffs have since been implemented across its global workforce due to the financial impact of Covid-19. In July, the company announced a senior leadership reshuffle and plans for sweeping job cuts as part of a major restructuring that would cost the firm, which employs some 76,000people globally, as much as US$250 million. Our third-quarter results reflect considerably better than expected performance due to higher demand and our strong execution, especially in North America. Based on our detailed analysis, the market will exhibit a decline of -8.94% in 2020 compared to the average year-on-year growth during 2017-2019. Show publisher information which was 35.0% higher than the closing price of the previous year. This would simultaneously increase the sports footwear business, as a significant portion of the population will be inclined towards sports and fitness activities. All told, direct-to-consumer sales grew by 60.9 per cent during the quarter, contributing to ecommerce growth of 66.5 per cent in the first nine months of the year. voting rights through instruments at 5.51%, BlackRock voting rights at 4.99%, incl. As per the International Health & Fitness Association 2019 Report, the global fitness club witnessed a membership growth of 183 million. In 2020, we also added an even stronger focus on local relevance and sustainability as additional strategic priorities for PUMA. Global revenue of Adidas, Nike and Puma from 2006 to 2021 (in billion euros) [Graph]. voting rights through instruments at5.55%, BlackRock voting rights at 5.39%, incl. Amid its restructuring process that could cost as much as US$600 million, the company sought to renegotiate some of its most costly contracts, including major athlete endorsement deals and a big-money agreement with the University of California, Los Angeles (UCLA), which remains in the process of suing the company for breach of contract. voting rights through instruments at 5.44%, BlackRock voting rights at 5.28%, incl. The increasing sports participation is driving the growth of the market. People are going to be more concerned about living healthy lifestyles and staying fit, and the recent Under Armour results have been much better.. Increasing Participation in Physical Activities and Sports to Bode Well for Market Growth. Stakeholder of Parent - Puma AG Rudolf Dassler Sport, Related by Industry: Fashion, Apparel, Shoes. PUMA aims to design cool stuff that works and in 2020, we significantly improved our product offering across all our business units. Learn more about how Statista can support your business. BlackRock voting rights at 5.66%, incl. ", Statista, Global revenue of Adidas, Nike and Puma from 2006 to 2021 (in billion euros) Statista, https://www.statista.com/statistics/269599/net-sales-of-adidas-and-puma-worldwide/ (last visited April 18, 2023), Global revenue of Adidas, Nike and Puma from 2006 to 2021 (in billion euros) [Graph], Statista, March 10, 2022. PUMA's retail sales increased by 6.4% currency-adjusted to 1,424.5 million in the financial year 2020. Fortune Business Insights says that the global market size was USD 93.57 billion in 2020 and is projected to reach USD 134.99 billion by 2028. voting rights through instruments at 5.08%, BlackRock voting rights at 4.59%, incl. voting rights through instruments at 3.14%, BlackRock voting rights at 7.19%, incl. In parallel, we also continued to invest in our direct-to-consumer business which includes our owned-and-operated retail stores as well as our e-commerce business. Chairman of the Supervisory Board, Bjrn Gulden This also shows that Puma has a long way to go. voting rights through instruments at 5.32%, BlackRock voting rights at 4.56%, incl. The demand from our consumers for these franchises has been maintained through the launch of strong new models in 2020. Global sports company PUMA has signed a multi-year endorsement deal with Scoot Henderson, five-star recruit currently on the NBA G League Ignite roster. PUMA - Share This is PUMA Newsroom Investor Relations Forever Better Innovation Careers Diversity English Stores Your Privacy is important to us Our website by default only uses cookies or similar technology (hereinafter "Cookies") necessary for basic website functions/settings. voting rights through instruments at 7.40%, BlackRock voting rights at 5.63%, incl. Research expert covering shopping behavior, sports and leisure retail, and the subscriptions and direct selling industry. For instance, the Olympic.Org data states that PyeongChang 2018 Olympic Winter Games has a 41 percent female participation rate. . The members of the Management Board and of the Supervisory Board as well as the persons closely associated with them are obliged to notify PUMA SE and BaFin about the acquisition or disposal of PUMA securities, once the threshold of currently 5,000 per calendar year is exceeded. For the three-month period ending 30th September, Under Armour'syear-on-year sales were flat at US$1.4 billion, although they outstripped analyst estimates. 2021's report can be found here. The rising demand for sustainable shoes among consumers is happening because of the surging focus on preserving the environment. Org data declares that the Ministry of Youth Affairs and Sports allocated USD 314.8 million for 2019-2020. voting rights through instruments at 5.96%, BlackRock voting rights at 5.46%, incl. This has made PUMA one of the hottest sports and fashion brands for young consumers. For instance, in October 2019, PUMA, the largest sportswear brand, opened its first redesigned and interactive retail store in India. Puma Lost Its CEO To Rival Adidas, Or Did Adidas Just Steal Him Back? The Classics pillar with models such as the iconic SUEDE, the RALPH SAMPSON or the SPEEDCAT also continued to perform strongly throughout the year. Over the prior six years, annual sales had nearly doubled and operating profit had grown sevenfold. voting rights through instruments at 7.91%, BlackRock voting rights at 5.55%, incl. Much of this has been driven by brand direct-to-consumer businesses, where the brands are being really aggressive on pushing their own websites and businesses and growing them very, very quickly. This website uses cookies. voting rights through instruments at 6.96%, BlackRock voting rights at 4.77%, incl. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Remarkable job and great efforts by your research team. On the evidence of this year, few would bet against Nike achieving its target of a 50/50 split in wholesale and digital sales within the next three years. Nikes direct-to-consumer operations were growing prior to the arrival of new chief executive John Donahoe, the former eBay boss who joined from software company ServiceNow in January, but they have taken on added significance as a result of Covid-19. 2021's report can be found here By improving sell-through, we further expanded the shelf space given to us in our partners retail stores. It is listed in the Prime Standard Segment and the Mid-Cap Index MDAX of the German Stock (Deutsche Brse). Throughout 2020, the COVID-19 pandemic presented PUMA with several challenges that affected almost all parts of our business. Moreover, membership in the FTSE4Good index was once again confirmed. Puma is revving up its web3 roadmap for its 75 anniversary year. Sports shoes are mainly designed for active sports or other kinds of physical exercise. voting rights through instruments at 7.04%, BlackRock voting rights at 6.50%, incl. Please create a free account to continue enjoying our content. voting rights through instruments at 7.93%, BlackRock voting rights at 7.67%, incl. voting rights through instruments at 7.48%, BlackRock voting rights at 6.58%, incl. Recreational users are the ones who participate in sports mainly for being physically fit, for enjoyment & entertainment, or for socializing. Please do not hesitate to contact me. Therefore, virus containment leading to the lifting of lockdown will slowly balance the market conditions. People are progressively conscious of their health and well-being, especially in urban areas, thus helping to escalate the demand. Price of the surging focus on preserving the environment Bjrn Gulden this also shows puma... Continued growth accessible data for 170 industries from 50 countries and over 1 million:! Our consumers for these franchises has been maintained through the launch of strong new models 2020! 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