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H1 net at sportswear & footwear retailer ASICS soars 21.9%
Aug '16
Net profit at sportswear and footwear retailer ASICS soared 21.9 per cent over a year ago period, while net sales rose slower at 6 per cent to reach €445 million in the six months ended June 30, 2016.

According to the company, sales growth was largely driven by ongoing acceleration in the brand's lifestyle category, ASICS Tiger, whose sales grew an impressive 81 per cent over the first half of 2015.

“The results for the first half of 2016 also demonstrate solid growth in running, a key strategic category, with running footwear sales increasing 8.6 per cent year on year,” ASICS added.

During the reporting period, ASICS rolled out a SAP FMS system globally, becoming the first sports brand to link its ecommerce, retail, B2B and wholesale systems as one.

Alistair Cameron, CEO of ASICS Europe B.V. said, “We're pleased with the first half results, with operating income up on forecasts, margins improving and a better quality portfolio in place.” (AR)

Fibre2fashion News Desk - India

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