TOKYO, Japan — Japanese apparel firm Fast Retailing Co Ltd has a problem: sales are surging, full-year net profits are expected to rise nearly 28 percent but the customers thronging the stores of its popular Uniqlo brand are far too frugal for its liking.
Prada Is Aiming at a Valuation of More Than $4.9 Billion (Bloomberg) “Prada is aiming for a valuation of over 4 billion euros ($4.95 billion), while bankers estimate the Italian fashion label is worth between 3 billion euros and 4 billion euros.” Takashimaya Says It Will End U.S. Operations (Bloomberg) “Takashimaya Co., a Japanese department-store operator, said it plans to terminate its U.S. operations to
Prints for the Cyberage (IHT) “Printed matter has undergone a digital revolution, as the new millennium has witnessed a dramatic change in the way that a pattern is developed to follow the shape of the body and to overlay actual images with virtual versions.” Takashimaya’s Net Slumps 34 percent (WSJ) “Takashimaya Co. said.. that revenue and profit for the year ended Feb. 28 showed steep declines as consumer
Kenzo fashions its global comeback (Business24-7) “Heading into the hot seat during a global downturn isn’t always easy, but if there are any stylised butterflies in James Greenfield’s stomach as he spearheads a revival of Kenzo, he isn’t letting it show.” 11.8 million worldwide job losses in textile & garment sector (Fibre2Fashion) “The impact of the economic crisis on the textile, garment,
Bank Sees Japan Retailers In ‘Unprecedented’ Downturn (WWD) Deutsche Bank forecasts that three departments stores including Isetan and Takashimaya Japan “are heading into a prolonged and unprecedented sales downturn.” Badgley Mischka to Lower Prices (WSJ) With consumer confidence low, Badgley Mischka responds by lowering its prices. The Latest in Retail Technology (WSJ) New technologies such as scent