PUMA SE

A.P. Moller-Maersk has taken over management of Puma's three large, highly automated distribution centers in the United States and turned them into multi-client facilities, with Puma letting Maersk rent out unused space to other companies. Under the contract logistics agreement for North America, Maersk will operate warehouses in Torrance, California; Phoenix; and Whitestown, Indiana, outside Indianapolis, totaling about 2.3 million square feet. Puma said outsourcing its U.S. distribution network to Maersk will help maximize the performance of its automated facilities, speed up order processing and reduce costs while supporting retail stores, wholesale customers and online shoppers. The three centers are equipped with AutoStore robotic storage and retrieval systems, and the Torrance facility will become Maersk North America's first AutoStore deployment supporting multiple clients, with capacity for other brands starting in 2027 and the ability to handle roughly 20 million units of throughput each year. Maersk North America operates more than 70 warehouses covering about 22.5 million square feet, and globally Maersk has more than 500 warehouses under management.

Nike has appointed David M. Denton as its incoming Chief Financial Officer. Denton, who has held senior finance roles at Pfizer and Lowe's, will succeed current CFO Matthew Friend, with a planned overlap through early September to provide continuity. The leadership change comes as Nike continues a multiyear turnaround that has been slower than hoped, facing execution risk, margin pressure, and competition from adidas and Puma. Denton's background in global finance and complex restructurings could influence cost control, capital allocation, and long-term investment priorities as the company works through direct-to-consumer expansion, tariff pressures, and supply chain resets. Investors will watch for any adjustments to medium-term margin and cash flow targets, as well as commentary on wholesale resets and regional trends in upcoming earnings calls.

Cascale's Manufacturer Climate Action Program has validated 52 science-aligned targets across 85 manufacturer groups in 19 countries, representing more than 1.6 million metric tons of CO2e reduction potential. The program, detailed in the MCAP Annual Impact Report 2025, engaged eight sponsoring brands including Gap Inc, New Balance, and PUMA across 446 participating facilities. In addition to the validated targets, 33 climate risk assessments were completed and 43 decarbonization plans are currently in development. All 52 graduates from the first two cohorts completed the 18-month program with a validated science-aligned target, achieving a 100 percent validation rate. Cascale will launch two new MCAP cohorts this year and is developing post-MCAP programming to extend manufacturer-brand partnerships.