Sports giant Asics really does have a challenge on its hands. The company has reported bleak nine-month figures and has also downgraded its full-year profit expectations as net sales fell 4.7% to ¥295.68 billion.
The former professional trade fair, since transformed by Zalando into a hybrid event combining trade show with fashion and music festival, returns to Berlin for its third edition from 31st August to 2nd September.
The Japanese brand has signed an agreement with the International Paralympic Committee to become its official supplier until the end of 2020 in a major deal that will position it as a leader in the para sports arena.
It looks like times were tough for Japanese sports giant Asics during Q1 as the company’s consolidated net sales and profits were down. But at least the percentage profits fall was less than the sales drop.
Japanese sportswear major Asics is looking to tap the booming sportswear market in the country by expanding its physical network across the country and plans to add as many as 20 stores by the end of the next fiscal.
Sportswear brand Asics is looking to open fully owned company stores in India by increasing its manufacturing in the country to 30 percent in order to comply with the rules under foreign direct investment.