shoes

Asics CEO Discusses Global Performance, Changes in Response to Changing Markets

Asics Corp. (TYO:7936) posted a 29.3 billion yen ($261 million) year-on-year decline of sales in 2016, down at 391.1 billion yen. However, when putting aside exchange rate effects to the tune of 32.6 billion yen, the company enjoyed an increase of 0.8 percent. While sales were healthy in Asia and the Oceania region, and robust in Europe, weak sales in...

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Japanese Retail Shoe Market Expected to Reach 1.9 Trillion Yen in 2016

The size of the retail shoe market in Japan (excluding slippers and sandals) is expected to reach 420 million pairs, 1.9 trillion yen ($17.12 billion) in 2016, as overall selling prices of both imported shoes and shoes manufactured in Japan have increased due to rising manufacturing costs overseas and a weak yen having become the norm. Until now, the size...

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JRMA Survey: Rubber Companies Show Lackluster Performance Through June 2016

The Japan Rubber Manufacturers Association (JRMA) approached 107 member companies as part of an index survey that ran until this past June this year. Looking at the corporate management of these affiliated corporations, JRMA has tallied up the answers of 79 respondent companies. While there had been a run of five years with growth in revenue and profit, results from...

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New Asics Subsidiary in Thailand to Start Operations in October

Asics (Thailand) Co. Ltd., Asics Corp.’s (TYO:7936) new subsidiary in Bangkok, Thailand, is set to commence operations on Oct. 1. 2016. Established on April 4 with paid-in capital of 100 million Thai baht ($2.87 million), the company will handle sales of Asics running, training, badminton and volleyball shoes, apparel, and accessories, as well as Onitsuka Tiger and Asics Tiger shoes,...

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Sneaker Sales Continue to Ride Wave of Demand

The sneaker craze may very well have hit a peak in 2015. New Balance Japan Inc., a key driver of this high demand, saw 2015 (January–December) sales go up almost 30 percent over the previous year, with lifestyle shoes rising more than 40 percent. President Tomoo Tomita called 2015 a year in which his company benefitted from the sneaker craze....

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Adidas Japan Beefing Up Lineup for Women

Adidas Japan K.K. plans to further bolster its business geared toward women between now and 2020. This year, the company will start by releasing new core products in its lineup, such as its Pure Boost X running shoes developed exclusively for women, a first in Adidas history. Other efforts will include creating a women-only multi-sports community and opening new stores...

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