×
84 132
Fashion Jobs
MICHAEL KORS (USA) INC
HR Generalist-Corporate
Permanent · Rochester Metropolitan Area
MICHAEL KORS (USA) INC
Associate Manager, Wholesale Marketing
Permanent · Rochester Metropolitan Area
ULTA BEAUTY, INC.
General Manager
Permanent · Grandville
NORDSTROM
Asset Protection - Agent - Rack at 31st & 6th
Permanent · New York
NORDSTROM INC
Senior Product Manager - Supply Chain
Permanent · Atlanta
NORDSTROM
Asset Protection - Agent - Gateway Center Rack
Permanent · New York
JOCKEY
Full-Time Associate Manager at Jockey - Eagan, mn - Starting at $19/HR
Permanent · Eagan
L'OREAL GROUP
Packaging Operator- 12 Hour Weekend Nights
Permanent · Somerset
L'OREAL GROUP
Packaging Operator- 12 Hour Weekend Nights
Permanent · Somerset
L'OREAL GROUP
Packaging Operator- 12 Hour Weekend Nights
Permanent · Somerset
L'OREAL GROUP
Packaging Operator Weekend Days
Permanent · Somerset
L'OREAL GROUP
Salon Business Partner (Saloncentric) - Cincinnati, oh
Permanent · Cincinnati
L'OREAL GROUP
Packaging Operator
Permanent · Piscataway
L'OREAL GROUP
Manager- Brand Business Development, (Bbd) l'Oreal Paris (Skin)
Permanent · New York
KOHLS
Part-Time Loss Prevention Associate
Permanent · Plainfield
KOHLS
Full-Time Loss Prevention Associate
Permanent · Plainfield
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · West Valley City
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Greenville
ALL SAINTS
Stock Manager
Permanent · Sunrise
COTY
Business Development Manager, Retailer.Com
Permanent · New York
ROSS STORES
Finance Manager (Logistics)
Permanent · Fort Mill
ROSS STORES
Store Protection Specialist
Permanent · El Paso
Translated by
Nicola Mira
Published
May 19, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Asics accelerates in Europe

Translated by
Nicola Mira
Published
May 19, 2021

Europe is still affected by the Covid-19 pandemic, but it remains a growth market for Japanese sport brand Asics. In January-March 2021, Asics generated a revenue of JPY31.121 billion (€233.8 million) in the region, equivalent to a 43% increase, notably driven by robust results in the performance running category.


Asics


Notably, the Japanese brand’s Q1 operating income in Europe was worth JPY5.496 billion, approximately €42 million, a figure ten times higher than in the same period last year. A jump that Asics said was chiefly driven by “an increase in gross margin resulting from a rise in online sales and in the gross profit on products sold through the wholesale channel.”

Specifically, Asics’s revenue grew by 79.4% in Italy, by 66.8% in Germany, by 57.6% in Spain/Portugal, by 52.1% in the UK and by 46.1% in France, while its online revenue increased by 125% across Europe in the period in question.

“I’m greatly encouraged by these results, which show we are on a positive track throughout the region,” said Carsten Unbehaun, CEO of Asics EMEA. “Our business has grown significantly compared to last year, despite the temporary closure of a number of our own and our partners’ stores due to the Covid-19 pandemic. The revenue rise in Q1 stems from our growth in existing sales channels, from an increase in market share and from the phasing-in of our Spring/Summer 2021 collection,” he added.

Citing data provided by NPD, Asics said it has consolidated its position as European leader in the running and tennis categories. In March, Asics launched two new models of running shoes with carbon plates. But it is also keen to grow in the urban sneakers segment, notably in France, where it aims to become one of the market’s top five brands.

In Q1, Asics reported a worldwide revenue of JPY106.549 billion, equivalent to €800 million, up by 24.8%. Operating income was JPY14.604 billion (€110 million), a vast improvement over the JPY882 million loss recorded in Q1 2020.

Copyright © 2021 FashionNetwork.com All rights reserved.