Descente Archives - Inside Retail Asia
Japanese sportswear label Descente is shuttering 47 kidswear stores in South Korea in the wake of anti-Japanese sentiment combined with the impact of Covid-19 on the territory.
“From a long-term perspective, the Covid-19 outbreak will not last for an indefinite period of time and consumers’ needs for health and fitness products will definitely be heightened, which will contribute to the group’s swift recovery after the crisis.”
Anta Sports Products is planning more stores after another record profit.
Anta Sports Products’ half-year revenue grew by 19.2 per cent to RMB7.32 billion.
Anta Sports Products had record earnings last year, thanks to the Rio de Janeiro Olympic Games.