Puma enjoyed yet another double-digit increase in its sales in terms of constant currencies during the third quarter. Reporting on the quarterly highlights ahead of the release of its results next Thursday, Puma's parent company, Kering, said its sales grew by 8.3 percent to €994.1 million during the period, with a currency-neutral rise of 10.8 percent.
Footwear sales jumped by 17 percent in local currencies, driven by new products such as the Ignite shoe. Sales of apparel rose by 10 percent, while accessories recorded a 2 percent decline.
Double-digit gains were registered for Puma in all the main regions except in Japan. Kering reported strong performances in Europe and the Americas, and sustained expansion in Mainland China.
Adding Volcom, the Sport & Lifestyle division of Kering saw its turnover rise by 6.5 percent to $1.06 billion in the quarter. In terms of local currencies, it rose by 9.3 percent with increases of 11 percent in Western Europe, 7 percent in North America, 13 percent in Asia-Pacific and 14 percent in the rest of the world, but Japan was down by 3 percent.
The challenges facing action sports retailer in the U.S. were blamed by Kering for a 13.6 percent drop in Volcom's sales, down to €70.3 million, with a decline of 7.7 percent in constant currencies.
More in the next issue of SGI Europe and in Shoe Intelligence, where we are also discussing the ongoing recovery of Gucci, which belongs to Kering's Luxury Goods division.