Goldwin Profits Dip in Q2, Revises Guidance
Net income at the owner of The North Face, Helly-Hansen, Canterbury, and other brands for Japan fell 10% in the second quarter ended Sep. 30 to ¥3,261 million ($20.5 mm) from ¥3,609 million, despite revenue inching up 2% to ¥32,502 million ($204.1 mm) from ¥31,711 million. The decline was mainly due to lower inbound tourism and luxury apparel spending in the Mainland, as well as unfavorable weather during prime retail seasons. ... Log in to view full article.
