challenges

Puma sees Q1 profit fall by 99.5% amid macroeconomic challenges

admin2 days ago04 mins

By Europa Press Translated by Nazia BIBI KEENOO Published May 8, 2025 German sportswear manufacturer Puma reported a sharp decline in its net profit for the first quarter of 2025, falling to just 0.5 million euros. This marks a dramatic 99.5% drop compared to the same period in 2024, according to financial results released by…

Temu-owner PDD Holdings’ revenues hit by intense China competition and challenges abroad

admin2 months ago05 mins

By Reuters Published March 20, 2025 PDD Holdings, which operates e-commerce platforms Pinduoduo and Temu, missed market estimates for quarterly revenue on Thursday, as demand remained weak in China despite deep discounts and government stimulus to boost spending. Shutterstock While government stimulus measures and deep price cuts from retailers have drawn some shoppers, PDD’s sales report indicates…