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Asics Shutters NYC Flagship as it Warns of ‘Extraordinary’ 2020 Losses

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Asics closed its New York City flagship store in December three years after it opened. In the statement announcing the closure, Asics also said it expects to record “extraordinary losses” in the fiscal year ending Dec. 31. Regarding the store closure specifically, the Japanese company said it anticipates approximately 2.3 billion yen ($22.4 million) in…

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