Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Japan
Retail
Fast Retailing’s GU Unveils First Collection by Francesco Risso
GU, a lower-priced counterpart to Uniqlo, is betting a former luxury fashion designer can help turn $18 jeans into global success.
Fast Retailing’s GU Unveils First Collection by Francesco Risso
GU, a lower-priced counterpart to Uniqlo, is betting a former luxury fashion designer can help turn $18 jeans into global success.
Global Markets
How Japanese Textile Innovators Won Over Global Fashion
Combining centuries-old craftsmanship with pioneering materials and creative surface design, Japanese mills supply some of the world’s biggest fashion brands, from Levi’s to Chanel.
How Japanese Textile Innovators Won Over Global Fashion
Combining centuries-old craftsmanship with pioneering materials and creative surface design, Japanese mills supply some of the world’s biggest fashion brands, from Levi’s to Chanel.
Retail
Uniqlo-Owner Fast Retailing Flags Record Year After Strong Quarter
Fast Retailing raised its full-year profit forecast after reporting a stronger-than-expected jump in quarterly profit driven by international growth.
Uniqlo-Owner Fast Retailing Flags Record Year After Strong Quarter
Fast Retailing raised its full-year profit forecast after reporting a stronger-than-expected jump in quarterly profit driven by international growth.
Retail
Fast Retailing Hikes Annual Forecast After Quarterly Profits Surge
The Uniqlo owner cited robust sales growth globally that helped it absorb US tariffs.
Fast Retailing Hikes Annual Forecast After Quarterly Profits Surge
The Uniqlo owner cited robust sales growth globally that helped it absorb US tariffs.
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Retail
Nigo’s Human Made Boosts Tokyo IPO Price
The streetwear brand has increased the price of its initial share sale following strong investor demand.
Nigo’s Human Made Boosts Tokyo IPO Price
The streetwear brand has increased the price of its initial share sale following strong investor demand.
Retail
Uniqlo Owner Fast Retailing Posts Record Profit for Fourth Year, Beating Forecasts
The Japanese retail giant reported record annual profits, driven by strong sales in Japan and the US.
Uniqlo Owner Fast Retailing Posts Record Profit for Fourth Year, Beating Forecasts
The Japanese retail giant reported record annual profits, driven by strong sales in Japan and the US.
Global Markets
Japan’s Department Store Shares Lag as Tourist Splurge Slows
Low confidence stemming from economic uncertainty has crimped tourist budgets with data compiled by the Japan Department Stores Association showing tax-free inbound sales at over 80 department stores across the country fell by 41 percent in May from a year earlier.
Japan’s Department Store Shares Lag as Tourist Splurge Slows
Low confidence stemming from economic uncertainty has crimped tourist budgets with data compiled by the Japan Department Stores Association showing tax-free inbound sales at over 80 department stores across the country fell by 41 percent in May from a year earlier.
Global Markets
Why Japanese E-Commerce Giant Rakuten Is Betting Big on AI
The e-tailer’s head of fashion Ryo Matsumara sees its recent investments in semantic search and other artificial intelligence features as key to driving sales growth in the country’s lucrative but lagging online luxury market.
Why Japanese E-Commerce Giant Rakuten Is Betting Big on AI
The e-tailer’s head of fashion Ryo Matsumara sees its recent investments in semantic search and other artificial intelligence features as key to driving sales growth in the country’s lucrative but lagging online luxury market.
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Beauty
The Japanese Manicurist Taking on Plastic Pollution, One Nail at a Time
Tokyo-based nail technician Naomi Arimoto uses umigomi, or “sea trash,” to create intricate nail art designs, hoping to put environmental issues at the forefront of her customers’ minds.
The Japanese Manicurist Taking on Plastic Pollution, One Nail at a Time
Tokyo-based nail technician Naomi Arimoto uses umigomi, or “sea trash,” to create intricate nail art designs, hoping to put environmental issues at the forefront of her customers’ minds.
Global Markets
Japan’s Secondhand Fashion Boom Is Bigger Than the Weak Yen
While the yen’s plummet drove a rush of international shoppers looking for bargains, Japan’s famously robust secondhand fashion market is set to keep growing even as the currency bounces back.
Japan’s Secondhand Fashion Boom Is Bigger Than the Weak Yen
While the yen’s plummet drove a rush of international shoppers looking for bargains, Japan’s famously robust secondhand fashion market is set to keep growing even as the currency bounces back.
Luxury
How Japan Is Creating a New Headache for European Luxury
Tourists are flocking to Japan to scoop up high-end clothes and handbags at a discount thanks to a weak yen.
How Japan Is Creating a New Headache for European Luxury
Tourists are flocking to Japan to scoop up high-end clothes and handbags at a discount thanks to a weak yen.
Global Markets
Splurging by the Wealthy Is Polarising Japan’s Retail Stocks
The top three operators by market capitalisation, Isetan Mitsukoshi Holdings Ltd., Takashimaya Co. and J. Front Retailing Co., which operates the Daimaru and Matsuzakaya chains, rose by 55 percent on average in the past year, outperforming the broader Topix’s 18 percent.
Splurging by the Wealthy Is Polarising Japan’s Retail Stocks
The top three operators by market capitalisation, Isetan Mitsukoshi Holdings Ltd., Takashimaya Co. and J. Front Retailing Co., which operates the Daimaru and Matsuzakaya chains, rose by 55 percent on average in the past year, outperforming the broader Topix’s 18 percent.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.