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Puma leaps logistics challenges in Q4’20

China 2768 Cons. Discr. - Apparel 419 Cons. Discr. - Retailing 373 Earnings 583 Quote Watch 351 Thailand 115 U.S. 4927 Vietnam 319

Puma SE has reported Q4’20 revenues which rose by 2.8% year over year as the sportswear maker managed to improve profits by “good inventory management”. That factor can be seen in U.S. seaborne imports linked to the firm which dropped by 34.1% year over year in Q4’20, with signs of an improvement emerging in January. The firm has managed “to avoid nearly any disruptions in the delivery of products” during the logistics disruptions seen globally in Q4’20 and has “made good progress with the upgrade of our logistics network”. The firm’s supplies have shifted somewhat with Vietnam accountin...

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