From Yahoo Finance: 2025-05-08 02:15:00

German sportswear brand Puma is adjusting its supply chain to U.S. tariffs by reducing merchandise shipped from China. New CEO Arthur Hoeld aims to boost sales after profit warnings. First-quarter sales rose slightly to 2.08 billion euros, maintaining 2025 outlook. Puma is cutting 500 jobs and diversifying sourcing to Vietnam, Cambodia, and Indonesia.

Read more: Sports brand Puma adapts supply chain for China tariffs impact, hints at US price hikes