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Asics Reports 13% Sales Drop for 2020

Sportswear by Asics. Asics.

The Japanese sporting goods company released its annual results Monday, revealing that net sales declined to 328,784 million yen (around $3.1 billion) due to the impact of Covid-19. Profits decreased 14.9 percent to 152,858 million yen ($1.4 billion).

Globally, the firm was hit hardest at home, across Southeast and South Asian regions and in South Korea and South America, where sales dropped at least 22 percent. Greater China felt the smallest impact, marking a 4.2 percent decline.

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The State of Fashion: Technology