The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Tokyo-based company, which owns 26 menswear, womenswear and lifestyle brands, including Lowrys Farm and Global Work, reported a 39.4 percent sales boost to 46.3 billion yen ($415.6 million) in the first quarter of its fiscal year, from 33.2 billion yen ($298 million) the previous year, Fibre2Fashion reports.
Adastria was founded in 1953 and operates more than 1,200 stores in Japan and 68 stores internationally. Overseas sales in particular surged 18.4 percent during Q1; China led the curve with a 196.9 percent sales boost due to a major store opening in Shanghai.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.