Sports shoe brand Asics posted 21.5 per cent decline in sales to ¥146.89 billion in second quarter that ended on June 30. The company incurred operating loss of ¥3.87 billion compared to operating income of ¥8.58 billion in Q2 FY19. Gross profit slipped 20.7 per cent to ¥70.5 billion and ordinary loss during the quarter was ¥3.87 billion. However, the company’s digital sales increased worldwide with 151 per cent growth in North America and 139 per cent in Europe.

During the second quarter, the brand recorded 15.1 per cent decline in sales to ¥70.93 billion in its performance running category while sales of core performance sports dropped by 25.5 per cent to ¥16.18 billion. Sales of sports style shoes declined by 22.7 per cent to ¥12.60 billion while that of apparel and equipment sales decreased by 36.3 per cent to ¥12.53 billion.

The brand recorded a decline in sales in all its regions during Q2 FY20. Its sales in Japan decreased by 24 per cent to ¥47.0 billion; North America by 27.1 per cent to ¥28.41 billion; Europe by 20.5 per cent to ¥37.09 billion; Greater China by 0.7 per cent to ¥18.52 billion; and Oceanian by1.4 per cent to ¥8.58 billion.