Jay Margolis on Holiday Season Shopping Outlook
Nov. 23 (Bloomberg) -- Jay Margolis, a Bloomberg Television contributing editor and former retail executive, talks about the turnout for Black Friday shopping and the outlook for the holiday season. Margolis speaks with Alix Steel on Bloomberg Television's "In the Loop." (Source: Bloomberg)
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Edgy Design Gives Puma Brand a Boost, Says CEO Gulden
09:50 - 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."