Latest news with #Gazelle
Mint
19 hours ago
- Business
- Mint
Puma Slashes Outlook as New CEO Confronts Weak Demand, Tariffs
(Bloomberg) -- Puma SE slashed its earnings forecast for the year amid strikingly weak demand for its sports and athleisure products and growing concerns about the potential impacts of US tariffs. The German company now expects to report a loss in adjusted earnings before interest and taxes this year, according to a statement late Thursday that showed disappointing preliminary second-quarter results. That's a marked downgrade from Puma's previous target, which called for profits by that metric to reach a range of €520 million ($611 million) and €600 million. It's also far below the average analyst estimate, which foresaw a €489 million gain for the year. Puma cited weaker sales in North America, Europe and Greater China during the second quarter and said that trajectory will probably continue through the rest of year, causing high inventory levels. The company missed estimates on both sales and profit in the second quarter. It now expects currency-adjusted sales to decline by a low double-digit percentage this year. The previous forecast called for growth in the low- to mid-single-digit percentage range. The company anticipates US tariffs to hurt gross profits this year by about €80 million. Since arriving at Puma on July 1, Chief Executive Officer Arthur Hoeld is looking to reset a brand that's struggled in recent years to connect with consumers. The Adidas veteran took over after Puma's former CEO Arne Freundt left following a string of profit warnings and a disagreement with the supervisory board over the company's strategy. Puma was banking much of its performance this year on being able to sell between four and six million pairs of the thin-soled Speedcat sneaker and related models like the Ballet shoes. That push was part of Freundt's broader effort to deepen Puma's profile on higher-end sneakers and sports gear. Puma has struggled in recent years to roll out a product that's capturing the zeitgeist. Meanwhile, cross-town rival Adidas has excelled at that, especially with its retro Samba and Gazelle sneakers. Hoeld helped oversee the rollout of those shoes while at Adidas earlier this decade. More stories like this are available on
CNET
a day ago
- CNET
Apple's and Samsung's Warning: The Truth About Putting Wet Phones in Rice
Summer is full of beach vacations and lounging near the pool. But if you drop your phone into water, you may be facing an expensive trip to a phone store. While many smartphones are water-resistant, that doesn't mean they're waterproof, so it's still important to dry out your phone. Here are a few ways to get your phone dry after dropping it in water or getting it dirty. Hopefully these tips can help save you from having to buy a new phone. None of these methods are guaranteed to work, however, and while there's a lot of anecdotal evidence, there are very few scientific studies on the subject. The most recent study we could find was from 2014 by Gazelle, a company that buys and sells used and broken phones. According to that study, the make and model of phone were found to influence whether a phone could return to working order, with Android phones typically faring better than iPhones. Phone manufacturers agree that removing your phone from water as quickly as possible helps to minimize how much water comes into contact with your device. That means you have a better chance of saving your phone but don't put your phone in rice after removing it from water because that could damage it. Here's what you should do if you drop your phone in water. If you follow these instructions and your phone won't turn on, or it turns on and has some issues, you should take it to an associated phone shop to see if they can help. What Apple and Samsung recommend The two biggest phone manufacturers have some tips in case you drop your phone in water. Apple says that many iPhones are splash, water and dust resistant when tested in controlled lab environments, but these resistances aren't permanent. If your iPhone gets wet, it might display a warning that there's water in your phone's charging port. If you see this warning, or your iPhone comes into contact with water, lotions, soap or other potentially hazardous material, here's what Apple says to do: 1. After removing your iPhone from the material, turn it off and dry it with a soft, lint-free cloth. 2. Tap your phone gently with the charging port facing down to get excess water out of the port. 3. Place your iPhone in a dry area with good circulation and wait at least five hours. Pointing a fan at your iPhone's charging port might help the process. After five hours, try turning your iPhone back on and plugging it back in. If you're still having issues, you can try the other methods mentioned in this article, or you can take your phone to an Apple store for further assistance. Apple also says don't put your iPhone in rice. "Doing so could allow small particles of rice to damage your iPhone," the company writes online. Drop your smartphone in water? Don't has similar instructions for drying your phone: 1. Remove your phone from the water, turn it off and dry it off with a dry towel or a clean cloth. 2. Place your phone in a well-ventilated area or in the shade with cool air from a fan. Samsung doesn't specify a length of time to wait, though. Samsung says even after you've followed these steps that there might still be water inside your phone so you should bring it to a Samsung Electronics Service Center. Both manufacturers also say if you drop your phone in a liquid other than clean water -- like soda or pool water -- you should quickly rinse your phone using tap water before drying with a towel and then air drying. Apple and Samsung say to never use a heating source, like a blow dryer or oven, to dry off your phone. The heat could damage it. Silica gel beads could help You could also try silica gel. According to Gazelle, silica gel beads are a good option to absorb moisture out of phones. Silica gel beads can be found in those white packs labeled "Do not eat" that many products come packed with. You can save these packs from packages you've received, or buy packs through online stores like Amazon or companies like Dry & Dry. Once you have your silica, here's what to do after dropping your phone in water: 1. Get your phone out of the water and turn it off. 2. Dry the outside of your phone with a lint-free towel. 3. Place your phone in a large container. 4. Fill the container with your silica gel beads and seal the container. 5. Gazelle recommends waiting 72 hours to let your phone dry. 6. Remove your phone from the container and try turning it back on. Other household items might help If you don't have silica gel beads on hand, you could try other household items. Gazelle found couscous and instant rice both work well as drying agents. Follow the steps in the above section, but replace the silica beads with either of these, wait for the same amount of time and then try restarting your device. Gazelle also tested conventional cat litter, oats, chia seeds and uncooked white rice but doesn't recommend these products because they leave behind debris that could damage your phone. For more tips, check out how low-frequency sounds can get rid of water from your phone's speakers, how to get two days out of a single iPhone charge and how to easily manage your Android permissions.
Business Wire
16-07-2025
- Business
- Business Wire
dstgroup Backs Gazelle Wind Power with €1,5M Strategic Investment to Advance Nau Azul Project and Demonstrate Scalable Floating Platform for +15MW Wind Turbines
VIANA DO CASTELO, Portugal & BRAGA, Portugal--(BUSINESS WIRE)--Gazelle Wind Power (Gazelle), the developer of a next-generation floating offshore wind platform technology, and dstgroup, a Portuguese conglomerate, have entered into a strategic agreement through which dstventures (dstgroup's corporate venture capital firm) will invest €1,5M into Gazelle. In addition to this investment, dstgroup's steel engineering and manufacturing subsidiary, the award-winning bysteel, will fabricate and construct the modular steel structures for Gazelle's Nau Azul project. The Nau Azul project will serve as validation of Gazelle's floating wind platform, which has been structurally sized for Portugal's harsh offshore conditions and engineered for industrial-scale rollout with turbines of 15MW and larger. Share Global offshore wind installations are set to grow from 8 GW in 2024 to 50 GW by 2033. Large turbines will play a key role in scaling the industry and lowering the levelized cost of energy (LCoE), and a single 15MW turbine can power up to 20,000 European homes. The Nau Azul project, which is located off the coast of Aguçadoura, Portugal, will serve as validation of Gazelle's floating wind platform, which has been structurally sized for Portugal's harsh offshore conditions and engineered for industrial-scale rollout with turbines of 15MW and larger. Gazelle's patented floating platform, which combines unique hull geometry with a counterweight-based mooring system, has been engineered to reduce motion, minimize environmental impact, and dramatically lower cost of energy (LCoE), making floating wind more viable. The design allows for a compact structure to be assembled in shallow-draft ports, using less steel and delivering a smaller footprint than traditional floating platforms. 'Our partnership with dstgroup marks a pivotal step in accelerating the commercialization of floating wind systems across Iberia. Their experience in scaling industrial ventures and innovative approach to new business ventures gives Gazelle the momentum we need to quickly advance our technology,' commented Gazelle Wind Power CEO, Jon Salazar. 'Combined with bysteel's innovative approach to industrial scale production and design, we're developing cost-effective offshore wind platforms that can be scaled for large-scale commercial deployments.' 'Our investment in Gazelle Wind Power aligns with dstgroup's strategy of advancing the energy transition through solutions that combine engineering excellence with environmental responsibility,' said José Teixeira, Chairman of dstgroup. 'We are thrilled to contribute to what promises to be a landmark demonstration of the scalability of floating wind platforms to turbine sizes of 15MW and above, which enhances Portugal's leadership in offshore renewable energy innovation.' Recently, Gazelle secured the approval of a 10-year TUPEM (Título de Utilização Privativa do Espaço Marítimo) authorization, clearing the way for the deployment of the Nau Azul floating wind project, which is expected to generate a range of economic benefits for the region, including the creation of new jobs across the local supply chain. About Gazelle Wind Power Gazelle Wind Power Limited is accelerating the commercialization of the floating offshore wind market with its next-generation platform. Gazelle's solution is poised to become the benchmark for the industry with a design that is targeted to lower costs, enable local content, utilize pre-existing port infrastructure, and incorporate shipbuilding construction with modular assembly. The floating platform offers high stability and easy transport, installation, and maintenance while preserving fragile marine environments. The company is based in Dublin and Viana do Castelo and has a presence in Vigo and London. For more information, visit About dstgroup dstgroup is a Portuguese business group founded in Braga in the 1940s. Its core activity is in Engineering & Construction - the sector where it began and in which it remains a national benchmark. Responding to evolving market demands, the group has gradually expanded into complementary areas such as Environment, Renewable Energy, Telecommunications, Real Estate, and Ventures, bringing together a wide range of expertise across its companies. A committed cultural patron, dstgroup sees support for Culture and the Arts as a fundamental part of its identity - reflected in its brand signature building culture. For over 30 years, it has promoted the 'dst Grand Prize for Literature', a major national award, alongside various initiatives that encourage reading both within the organization and in the broader community. In 2019, it launched the 'dstangola/Camões Literature Prize'. The group also supports numerous social, cultural, and educational institutions. About bysteel bysteel and bysteel fs specialize in the design, engineering, manufacturing, and installation of steel structures and façades for landmark architectural projects. From its 50,000 m² headquarters and industrial facilities in Braga, it delivers architectural envelopes and metal structures to projects across the globe. With full operational capacity across Europe, as well as in the Americas and Africa, bysteel is supported by international offices in the UK, France, Monaco, the Netherlands, and Angola. For more information, visit:
CNET
07-06-2025
- CNET
Why Using Rice to Save Your Wet Phone Is a Horrible Idea
Summer is full of beach vacations and lounging near the pool. But if you drop your phone in some water, it could result in an expensive trip to a phone store. While many smartphones are water-resistant, that doesn't mean they're waterproof so it's still important to dry out your phone. Here are a few ways to get your phone dry after dropping it in water or getting it dirty, and hopefully these tips can help save you from having to buy a new phone. None of these methods are guaranteed to work, however, and while there's a lot of anecdotal evidence, there are very few scientific studies on the subject. The most recent study we could find was from 2014 by Gazelle, a company that buys and sells used and broken phones. According to that study, the make and model of phone were found to influence whether a phone could return to working order, with Android phones typically faring better than iPhones. Phone manufacturers agree that removing your phone from water as quickly as possible helps to minimize how much water comes into contact with your device. That means you have a better chance of saving your phone but don't put your phone in rice after removing it from water because that could damage it. Here's what you should do if you drop your phone in water. If you follow these instructions and your phone won't turn on, or it turns on and has some issues, you should take it to an associated phone shop to see if they can help. What Apple and Samsung recommend The two biggest phone manufacturers have some tips in case you drop your phone in water. Apple says that many iPhones are splash, water and dust resistant when tested in controlled lab environments, but these resistances aren't permanent. If your iPhone gets wet, it might display a warning that there's water in your phone's charging port. If you see this warning, or your iPhone comes into contact with water, lotions, soap or other potentially hazardous material, here's what Apple says to do: 1. After removing your iPhone from the material, turn it off and dry it with a soft, lint-free cloth. 2. Tap your phone gently with the charging port facing down to get excess water out of the port. 3. Place your iPhone in a dry area with good circulation and wait at least five hours. Pointing a fan at your iPhone's charging port might help the process. After five hours, try turning your iPhone back on and plugging it back in. If you're still having issues, you can try the other methods mentioned in this article, or you can take your phone to an Apple store for further assistance. Apple also says don't put your iPhone in rice. "Doing so could allow small particles of rice to damage your iPhone," the company writes online. Drop your smartphone in water? Don't has similar instructions for drying your phone: 1. Remove your phone from the water, turn it off and dry it off with a dry towel or a clean cloth. 2. Place your phone in a well-ventilated area or in the shade with cool air from a fan. Samsung doesn't specify a length of time to wait, though. Samsung says even after you've followed these steps that there might still be water inside your phone so you should bring it to a Samsung Electronics Service Center. Both manufacturers also say if you drop your phone in a liquid other than clean water -- like soda or pool water -- you should quickly rinse your phone using tap water before drying with a towel and then air drying. Apple and Samsung say to never use a heating source, like a blow dryer or oven, to dry off your phone. The heat could damage it. Silica gel beads could help You could also try silica gel. According to Gazelle, silica gel beads are a good option to absorb moisture out of phones. Silica gel beads can be found in those white packs labeled "Do not eat" that many products come packed with. You can save these packs from packages you've received, or buy packs through online stores like Amazon or companies like Dry & Dry. Once you have your silica, here's what to do after dropping your phone in water: 1. Get your phone out of the water and turn it off. 2. Dry the outside of your phone with a lint-free towel. 3. Place your phone in a large container. 4. Fill the container with your silica gel beads and seal the container. 5. Gazelle recommends waiting 72 hours to let your phone dry. 6. Remove your phone from the container and try turning it back on. Other household items might help If you don't have silica gel beads on hand, you could try other household items. Gazelle found couscous and instant rice both work well as drying agents. Follow the steps in the above section, but replace the silica beads with either of these, wait for the same amount of time and then try restarting your device. Gazelle also tested conventional cat litter, oats, chia seeds and uncooked white rice but doesn't recommend these products because they leave behind debris that could damage your phone. For more tips, check out how low-frequency sounds can get rid of water from your phone's speakers, how to get two days out of a single iPhone charge and how to easily manage your Android permissions.
Yahoo
06-06-2025
- Business
- Yahoo
Lululemon shares plunge as Trump tariffs bite
Lululemon shares have plunged by more than 20% after it cut its annual profit forecast, as the company navigates tariffs and fears about the US economy slowing. "We experienced lower store traffic in the Americas, partially reflective of economic uncertainty, inflationary pressures, lower consumer confidence, and changes in discretionary spending," Lululemon said in a statement. The athleisure brand joins a growing list of big companies to warn about the impact of US President Donald Trump's trade policies. The Trump administration's approach to tariffs has triggered concerns over rising prices and a weakening economy. "We are planning to take strategic price increases... on a small portion of our assortment, and they will be modest in nature," Lululemon's finance chief Meghan Frank said. The company also said it will cut costs and negotiate with its vendors. Last year, 40% of its products were made in Vietnam, and 28% of its fabrics came from mainland China. Clothing and footwear brands are among the businesses hit hardest by tariffs as they make goods in Asian countries, which have faced steep levies from the US. In April, sportswear giant Adidas warned that import taxes imposed by Trump will lead to higher prices in the US for popular trainers including the Gazelle and Samba. "Since we currently cannot produce almost any of our products in the US, these higher tariffs will eventually cause higher costs for all our products for the US market," chief executive Bjorn Gulden said. Also in April, footwear maker Skechers withdrew its annual results forecast, citing economic uncertainty. "The current environment is simply too dynamic from which to plan results with a reasonable assurance of success," Skechers' chief operating officer, David Weinberg, told investors in a post-earnings call. Last month, Nike said it would raise prices on some trainers and clothing in the US from early June. The sportswear giant did not name US tariffs explicitly as a reason for the increase, saying it regularly made "price adjustments".
