Top SGB Updates

Asics Americas Profits Recover In 2017

Asics reported net earnings declined 16.7 percent in 2017 due to restructuring activities in its European operations. Profits in the Americas region bounced back as improved margins and a fewer bad-debt write-offs offset a 6 percent sales drop.

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VF’s Q4 Powered By Vans, North Face Misses Plan

VF Corp. reported sales at Vans vaulted 35 percent in the fourth quarter, led by a 38 percent climb in the Americas. North Face missed plan in part due to aggressive efforts to clear Amazon of unauthorized dealers and reduced off-price sales overall but is still expected to see high-single digit growth for 2018.

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