Mizuno’s profit drops by 23%, but Europe improves

Lower sales of running shoes, combined with a weak home market for golf and other sporting goods, weighed on Mizuno’s sales for its fiscal year ended on March 31. The Japanese group’s revenues declined by 4.7 percent from the previous year to 169,700 million yen (€1.45bn-$1.62bn). The gross margin narrowed ...

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