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

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

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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