BERLIN, July 31 (Reuters) – Germany’s Metro AG
said the World Cup helped boost quarterly sales at its
struggling consumer electronics business as the retailer
reported a positive trend at its other units and its board
extended the contract of the chief executive.
Metro said its sales for the fiscal third quarter, which
runs from April to June, fell 2.7 percent to 14.9 billion euros
($19.96 billion), while core earnings before special items were
flat at 276 million euros, both slightly ahead of average
analyst forecasts for 14.8 billion and 265 million,
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.