Puma, a big sportswear company, had some bad news! Their sales weren't as good as expected, and they're worried about the economy. This made their stock price (like shares of the company) go way down.
- Puma is cutting 500 jobs to save money.
- They're also closing some stores that aren't making enough money.
- They're moving some of their shoe production away from China.
| Problem | Number |
|---|---|
| Stock price drop | 23% |
| Job cuts | 500 |
| Chinese production (shoes) | 10% of imports to US |
Experts think Puma's future sales might be slower than they hoped. It's a tough time for them!
