Japanese sportswear brand Asics has strengthened its retail presence in the south Indian market with the opening of a new store in the city of Hyderabad. This is the brand’s 13th store in South India.
ASICS, the Japanese sports apparel and footwear producer, has posted 42.6% sales growth to ¥209.5 billion (Japanese yen) in Q2. Sales for the period were driven by Performance Running and the Onitsuka Tiger category.
The Asia Floor Wage Alliance has joined forces with several local labor unions to file a complaint against fashion giant H&M in Bengaluru for alleged labour abuses at a supplier factory for the brand in 2020.
Otrium, an online outlet store for fashion brands, said on Wednesday it had raised $120 million from investors as it launches in the US and develops its platform for trading items left unsold at the end of the season.