ASICS reported a 14.2 percent increase in revenues for the first half ended Sept. 30 to ¥124.21 billion (€999.5m-$1,290.6m), but European sales declined and the company’s net income slid by 9.0 percent to ¥7.54 billion (€60.7m-$78.3m). Gross margins dropped by 1.7 percentage points to 42.9 percent of sales.
Sales in Europe declined by 4.2 percent to ¥35.05 billion (€282.1m-$364.2m), while sales in the USA increased by 3.0 percent to ¥27.66 billion (€222.6m-$287.4m). Sales in Japan increased by 23.1 percent to ¥49.01 billion (€394.4m-$509.2m) and sales to the rest of the world jumped by 127 percent to ¥12.49 billion (€100.5m-$129.8m).
Meanwhile the brand proudly reported that Runner’s World magazine chose the ASICS Gel-Kayano 14 as its 2008 Shoe of the Year in its International Editor’s Choice Awards at its international Shoe Summit in New York. ASICS shoes also won in 2005 and 2007. Its GT-2140 won the Editor’s Choice award and the Gel-1140 was named Best Buy. They are in the December issue of the magazine. The winners are chosen by international Runner’s World editors from the 14 countries where the magazine is published.