Asics has permanently closed its Fifth Ave. flagship store in Manhattan, and will take a one-time charge of ¥2.3 billion ($22.4 mm) in the final quarter of 2020 for the cost to exit the lease and impairment of the store’s assets. It had opened the 7,500-sq.-ft. store in Dec. 2017 to compete with other large sneaker brands’ NYC flagships and showcase its running, training, tennis and sport style footwear, apparel and ... Log in to view full article.