BERLIN, July 30 (Reuters) – The success of Crocs Inc
in Europe, where the U.S. shoemaker has focused on its
trademark colourful foam clogs rather than branching into other
products, proves the brand has a future despite difficulties at
home, its European head said.
Crocs, founded in Boulder, Colorado in 2002, quickly built a
cult following for its springy-soled clogs, selling more than
300 million pairs of shoes. It now runs 624 stores and has
expanded into accessories and more fashionable shoe styles.
BERLIN, July 29 (Reuters) – German sportswear firm Puma
said sales of World Cup soccer boots and national team
shirts beat its expectations as it reported second-quarter
results in line with analyst forecasts and reiterated its
expectations for 2014.
Puma said on Tuesday sales fell 5.8 percent to 652.2 million
euros ($876.1 million), but were up 0.6 percent when stripping
out the impact of volatile currencies. Earnings before interest
and tax (EBIT) fell 60 percent to 12.6 million euros.