German Puma Announces New Expansion Plan

Recently, the German Hummer announced a five-year plan - including the expansion of new areas, growth and mergers in the hot retail markets in India and China, etc. This five-year plan will begin on January 1, 2006.

Hummer plans to enter two new areas in the spring of 2006: golf and motor sports. In order to maintain the company's consistent creed that combines sports and fashion, Puma will provide practical and stylish products in new areas. Hummer will also develop more types of shoes in five years, but it has not yet been determined.

The company hopes to expand its brand with existing businesses (Tretorn is currently the only non-Hummer brand in the company's profit portfolio). The CEO of Hummer, Jochen Zeitz, said: "The (merger) business must When you're right, you can either perfect our business or help us break into new areas.”

Hummer's second quarter business conditions. Earnings per share were $4.55, up 13.5% from last year's $3.83. Compared with the net income of 63 million last year, this year's net income is 74.2 million US dollars. The total sales amounted to 498.6 million U.S. dollars, an increase of 12.2% over the previous year. Revenue in the United States increased by 55.1% to 1.361 U.S. dollars.