De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
Tokyo, Japan
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.
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.
Retail
Shein to Open First Physical Store in Tokyo
Online fast fashion behemoth will open its first ever permanent physical store on Sunday, setting up shop in one of Tokyo’s most-popular areas as it seeks to live up to a lofty valuation that’s been shaken by slowing sales growth and concerns about its environmental and social impacts.
Shein to Open First Physical Store in Tokyo
Online fast fashion behemoth will open its first ever permanent physical store on Sunday, setting up shop in one of Tokyo’s most-popular areas as it seeks to live up to a lofty valuation that’s been shaken by slowing sales growth and concerns about its environmental and social impacts.
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Global Markets
Japanese Designers Are Still Betting on Gorpcore
A pandemic-induced camping boom boosted global sales for Japanese fashion labels with a functional edge, but has it cemented performance wear as a long-term fashion staple?
Japanese Designers Are Still Betting on Gorpcore
A pandemic-induced camping boom boosted global sales for Japanese fashion labels with a functional edge, but has it cemented performance wear as a long-term fashion staple?
Global Markets
Japan’s Gen-Z Men Spend 20 Percent More on Makeup
Growth in the men’s cosmetics market in Japan has been attributed to the pandemic and wider use of video calls and online social gatherings.
Japan’s Gen-Z Men Spend 20 Percent More on Makeup
Growth in the men’s cosmetics market in Japan has been attributed to the pandemic and wider use of video calls and online social gatherings.
Global Markets
Japan’s Department Stores Clash With Government Over ‘Extravagant Goods’
Beginning June 1, Japanese department stores will be able to reopen on weekdays. But vague government guidelines concerning an exception to store
Japan’s Department Stores Clash With Government Over ‘Extravagant Goods’
Beginning June 1, Japanese department stores will be able to reopen on weekdays. But vague government guidelines concerning an exception to store
Global Markets
Japanese Beauty Brand DHC Under Fire Following CEO’s Discriminatory Comments
The brand, famous for items like its cleansing oil, angered netizens and activist groups after its chairman and CEO Yoshiaki Yoshida used
Japanese Beauty Brand DHC Under Fire Following CEO’s Discriminatory Comments
The brand, famous for items like its cleansing oil, angered netizens and activist groups after its chairman and CEO Yoshiaki Yoshida used
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Global Markets
Yoshinori Matsuzaki Appointed CEO of United Arrows
Matsuzaki, who currently serves the Japanese fashion group as its executive vice president, will step into his new role of president and chief
Yoshinori Matsuzaki Appointed CEO of United Arrows
Matsuzaki, who currently serves the Japanese fashion group as its executive vice president, will step into his new role of president and chief
Global Markets
Zozotown to Unveil Luxury E-Commerce Portal
The Japanese e-commerce firm Zozo will launch Zozovilla, a luxury and designer platform featuring 90 brands including Loewe, Dries van Noten and Thom
Zozotown to Unveil Luxury E-Commerce Portal
The Japanese e-commerce firm Zozo will launch Zozovilla, a luxury and designer platform featuring 90 brands including Loewe, Dries van Noten and Thom
Global Markets
Toshiyuki Hosoya Appointed President, CEO of Isetan Mitsukoshi Holdings
Hosaya, currently president of Fukuoka-based, Isetan-owned department store Iwataya Mitsukoshi, starts his new role on April 1. The company’s current
Toshiyuki Hosoya Appointed President, CEO of Isetan Mitsukoshi Holdings
Hosaya, currently president of Fukuoka-based, Isetan-owned department store Iwataya Mitsukoshi, starts his new role on April 1. The company’s current
Global Markets
Japanese E-Commerce Giant Rakuten Reports 15.2% Boost in Annual Revenues
Major growth in the group’s business, which spans e-commerce, payments, insurance and more, was driven by accelerated digitisation in Japan’s online
Japanese E-Commerce Giant Rakuten Reports 15.2% Boost in Annual Revenues
Major growth in the group’s business, which spans e-commerce, payments, insurance and more, was driven by accelerated digitisation in Japan’s online
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.