Goldwin Sales Decline as Pandemic Closes Stores
Net loss was ¥292 million ($2.7 mm) in the fiscal first quarter ended Jun. 30, against a profit of ¥1,375 million last year, on revenues that dropped 32% to ¥12,200 million ($113.5 mm) from ¥18,074 million. The results were forewarned by the owner of The North Face, Canterbury and other brands for Japan, which projected a double-digit decline for FY21 back in June. Goldwin temporarily closed 150 of its 155 directly operated stores as the coronavirus hit, ... Log in to view full article.