Asics sprints to strong profits
By Sophie Ladd | 16th August 2021
Sportswear brand Asics, which has a store in Gloucester Quays has announced a net revenue increase of 44 per cent year-on-year for the year-to-date period ending June.
The company's trading update for its Europe, Middle East and African market (EMEA) said income has boosted to €70.5 million for the year-to-date ending June.
Its wholesale channels across EMEA have grown by 52 per cent too, with UK wholesale revenue escalating by 50 per cent.
The Japanese company's name is an acronym of the Latin phrase "anima sana in corpore sano", meaning "sound mind in a sound body".
"Covid-19 continues to present challenges around the world," Asics EMEA chief executive Carsten Unbehaun said, as reported in the Retail Gazette.
"Although we are seeing very positive results in our region, we are managing our business carefully to ensure we can deliver and provide the best experience in the future.
"We are currently seeing unprecedented demand for Asics products across the region. Our business has grown significantly compared to last year, fuelled by product innovation and the fact that more people are choosing Asics.
"We are seeing profitable growth from all parts of the business and all channels, demonstrating that we have positive momentum in the region."
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