Uniqlo owner Fast Retailing Co., the Japanese clothing company on an overseas expansion drive, plans to list depositary receipts in Hong Kong. Fast Retailing doesn’t plan to sell new shares or raise funds through the listing, it said in a statement to the Tokyo Stock Exchange today. The receipts will trade on Hong Kong’s stock exchange on March 5, it said.
TOKYO, Japan — Uniqlo owner Fast Retailing Co. is hiring executives from retailers including Wal-Mart Stores Inc. to strengthen the Japanese clothier’s overseas expansion blitz.
TOKYO, Japan — Fast Retailing Co. profit rose 8.8 percent in the fiscal first quarter, beating analyst estimates, as the Japanese casual clothing chain that doubled in market value last year boosted sales per-customer.
TOKYO, Japan — Japan surpassed the U.S. as the top-grossing market for apps in October as use of smartphones surged and wireless carriers started billing customers directly for downloads from Google Inc.’s online store.
After two decades of decline, Japan’s apparel market looks set for an era of growth and relatively stability. JapanConsuming reports.
TOKYO, Japan — Fast Retailing Co., Asia’s largest clothing retailer, forecast profit that missed analyst estimates amid weak consumer sentiment in Japan.
TOKYO, Japan — Cashmere sweaters at Uniqlo. Gourmet coffee and ice cream at 7-Eleven. These incongruously premium offerings by two of Japan's biggest retailers are part of a strategy to lift profit margins by enticing thrifty shoppers to splurge on little luxuries.
Baroque Japan — owner of womenswear brands including Moussy, Sly, Rodeo Crowns, Shelter, Black and Rienda — has a new Chinese majority shareholder, which already owns some 25 percent of the Chinese footwear market and aims to create one of the biggest fashion retailers in Asia. JapanConsuming reports.
TOKYO, Japan -- LVMH Moet Hennessy Louis Vuitton SA raised some prices by an average 12 percent at its flagship brand in Japan, the unit’s biggest price hike, to offset the impact of the yen’s slide on sales. The Louis Vuitton brand raised prices Feb. 15, spokeswoman Kaori Fuse said. Retailers such as LVMH, the world’s biggest luxury goods maker, are confronting a plunge in the yen that undercuts the value of sales in Japan, the second-biggest market for personal luxury goods. The yen has depreciated against both the dollar and the euro as Prime Minister Shinzo Abe talked down the value of the currency, promising to implement policies to stimulate the economy and have Japan’s central bank set a…
Made Better in Japan (WSJ) “Louis Vuitton sales are plummeting, and magnums of Dom Pérignon are no longer being uncorked at a furious pace. That doesn’t mean the Japanese have turned away from the world. They’ve just started approaching it on their own terms, venturing abroad and returning home with increasingly more international tastes and much higher standards, realizing that the apex of bread making may not be
Malls Face Surge in Vacancies (WSJ) “Even as the economy picks up steam, many of the nation’s malls and shopping centers are suffering a hangover due to changing consumer habits and the fallout from a massive building boom. Mall vacancies hit their highest level in at least 11 years in the first quarter… In the top 80 U.S. markets, the average vacancy rate was 9.1%, up from 8.7%.” Japanese retailers give
Rodarte Steps Up to a Widening World (IHT) “Over the past year the fashion brand, created in 2005 by the sisters Kate and Laura Mulleavy, made headlines not only for its distinctive ready-to-wear collections but also for its first foray into costume design… [Now] they have announced that they have been invited by Pitti W, the womenswear portion of Pitti Immagine, to be its special guests at its June capsule collection