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.
Local streetwear brands, festivals and stores selling major global labels remain relatively small but the country’s community of hypebeasts and sneakerheads is growing fast.
This week’s round-up of global markets fashion business news also features Senegalese investors, an Indian menswear giant and workers’ rights in Myanmar.
Though e-commerce reshaped retailing in the US and Europe even before the pandemic, a confluence of economic, financial and logistical circumstances kept the South American nation insulated from the trend until later.
This week’s round-up of global markets fashion business news also features Korean shopping app Ably, Kenya’s second-hand clothing trade and the EU’s bid to curb forced labour in Chinese cotton.