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After Turbulent 2020, Asics Hopes to Build on Positive 2021 Start

Join Sourcing Journal on March 13th HKT for Sourcing Summit Hong Kong for discussions on mending relationships between supply chain partners, remaking factories for smaller MOQs and faster turns, and creating resilience to survive the next inevitable crisis.

The holiday season tripped up Asics to close out 2020, with the company seeing sales dip 12.3 percent year over year to 80.6 billion yen ($760 million) in the fourth quarter, with net losses totaling 12.7 billion yen ($119.7 million). However, preliminary January sales have thus far delivered good news for the Japan-based footwear seller,…

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