Gap 2nd-Qtr Profit Rises 25% as Denim Boosts Sales
Aug. 22 (Bloomberg) -- Gap said second-quarter profit rose 25 percent as new denim and athletic products boosted sales at its namesake and Old Navy chains. Julie Hyman reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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Edgy Design Gives Puma Brand a Boost, Says CEO Gulden
10:18 - Puma SE reported second-quarter profit that topped analysts’ estimates as the German sneaker maker got a lift from Europe’s soccer championships and a focus on the women’s market. Earnings before interest and taxes rose to 12 million euros ($13 million), Puma said in a statement Wednesday, beating analysts’ average expectation of 10.6 million euros. Sales rose 7 percent to 827 million euros, compared with the 820 million-euro consensus. The company fought negative currency-conversion effects by keeping a lid on costs. Chief Executive Officer Bjoern Gulden, three years into a turnaround effort, is balancing sports and style, pushing brash multicolored soccer cleats and a partnership with sprinter Usain Bolt. Gulden joined Bloomberg's Francine Lacqua on "The Pulse."