Category Archives for "Fashion"

Oct 07

Mitsukoshi Ginza ¥4 billion relaunch

Mitsukoshi Ginza will have a grand opening ceremony in mid-October to celebrate a further ¥4 billion remodelling designed to keep the store competitive with its neighbours and attract even more tourists.   The key features of Mitsukoshi’s updated Ginza store include more Japanese brands, as well as more celebration of Japanese culture and services. A […]

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Oct 06

LINE opens Trip Bazaar: a new route for brands not yet sold in Japan

LINE is expanding its online retail operations through a new social shopping function, offering opportunities for overseas brands to target the Japanese market. The LINE messaging app will act as a social shopping platform, allowing users to digitally window shop for carefully selected brands not currently available at home.   Messaging app company LINE introduced […]

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Sep 14

September 2015 News in Brief

IKEA to build chain of satellite stores IKEA Japan is set to expand through small format satellite stores – a major departure for the big-box retailer, which has traditionally seen its store investments as the key to marketing its brand and its large product range. A typical store is more than 20,000 sqm, even in […]

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Sep 14

FOCUS: Department Stores FY2014: over the hurdle

After sales at department stores rose for the first time in 16 years in FY2013, most forecasts suggested those gains would be wiped out by the collapse in spending post-tax hike. This didn’t happen for most major stores in most big cities, even while regional stores continued their decline. The surge in tourism helped, but […]

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Sep 14

Daimaru Shinsaibashi to be rebuilt

Daimaru Shinsaibashi is to be closed and completely rebuilt over a three year period. The iconic Osaka store has suffered less than some of its rivals in the face of the big increase in department store sales space since 2011, but the building is ancient by Japanese standards and increasingly unsuitable for modern retailing. J […]

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Sep 14

Railway firms benefit from retail, but FY2014 sales dip due to rebuilding

Investment in converting stations and surrounding areas into shopping centres and community hubs has paid serious dividends for railway operators. FY2014 saw solid growth on a like for like basis, but closure of properties for rebuilding and refurbishment, combined with some correction following the 2014 tax hike, meant a contraction in revenues for some. This […]

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Sep 14

Digital fashion: 3D virtual fitting and printing your own dress

Integrating new technologies into retailing is not just about e-commerce and RFID tagging to smooth inventory flow. Recent developments suggest increasing use of tracking technology and high-powered graphics chips to obviate the need to try anything on, and 3D printing combined with liquid fabric to even obviate the need for factories. This month Isetan Shinjuku […]

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Sep 14

TSI ties with Development Bank of Japan, readies M&A fund

TSI Holdings is one of Japan’s most establishment apparel houses, with links across government and industry, providing a support network that has helped it through the tumultuous years of merger and rationalisation. These links became more transparent last month when the Development Bank of Japan acquired a stake and became its key advisor on future […]

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Sep 14

Itochu signs KSwiss, Orobianco, Inov-8, Reyn Spooner and SoftScience

It has been another busy summer for Itochu Shoji, with several new contracts signed and handed over to trusted subsidiaries and affiliates for day to day management. There are three new footwear brands, a Hawaiian clothing retailer, and an Italian bag brand. Itochu Shoji has signed a crop of footwear brands in the last eight […]

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Sep 14

Daimaru-Matsuzakaya starts omnichannel push with Senshukai brands in stores

Senshukai is emerging as the most dynamic of the old catalogue-based direct marketers. Like Nissen it will become the hub for the omnichannel ambitions of a major retail conglomerate – its Belle Maison and Benebis brands now feature prominently in Daimaru-Matsuzakaya stores. Senshukai is also expanding in its own right, looking to the wedding business […]

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Jul 14

July-August 2015 News in Brief

Tomorrowland buys Restir Leading fashion retailer Tomorrowland has acquired select shop firm Restir Holdings. Established in 1987, Restir originally began as a select shop called Le Ciel Bleu, now a chain of 20 stores. During the high end select shop boom in the late 2000s it opened a luxury select shop in Ginza under the […]

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Jul 14

FOCUS: Retail Industry Performance FY2014: solid results for many as distribution evolution continues

Retail results for FY2014 show just how well corporate retailing weathered the impact of the consumption tax increase in April 2014. Market share for the largest companies continues to grow, as does the percentage of sales taken up by private brands, but dynamism is also reflected in the emergence of new success stories. These are […]

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Jul 14

Onwards ties with Laox and Isetan-Mitsukoshi on export brands

Like all the big apparel groups, Onward is trying to escape dependence on department stores on the one hand, and weaker sales of its European division on the other. To fix this, it is teaming up with a department store to create a new brand aimed at Western markets, and with Chinese-owned Laox to target […]

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Jul 14

Mitsui ramps up SC investment

Mitsui Real Estate will open five major malls this year, including its first outlet mall in Hokuriku and a 90,000 sqm mega mall in Osaka. While Aeon plans to add even more new leasable space this year, Mitsui still remains the second biggest SC developer by new mall development, and continues to consolidate its SC […]

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Jul 14

Dying cities need new solutions

Japan’s overall population decline is currently only visible in the outer regions, particularly in small and medium cities, but it will have a major impact on consumer brands and retailers. Two recent government white papers highlight the problem, introducing a new designation for cities expected to experience medium-term decline. Longer term the same trend will […]

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Jul 14

GU to open 50 stores a year, increase large stores to a third of total

Fast Retailing’s number two chain is set to expand rapidly in coming years, adding 50 stores a year and increasing average store size. GU provides Fast Retailing with a new route to growth at home given saturation of the Uniqlo brand, and it also allows room to adjust positioning between the two brands, moving Uniqlo […]

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Jul 14

G-Foot overtakes Chiyoda, targets ABC Mart

Aeon owns G-Foot, the third largest footwear retailer, and wants it to be number two. It is likely to achieve that ambition this year. It is opening stores faster than Chiyoda, helped along by its plethora of locations in group-owned shopping malls and GMS chain. ABC Mart is not standing still, however, and continues to […]

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Jul 14

Listed apparel groups: tough times

The largest listed apparel firms, Onward, TSI, Sanyo Shokai and Renown should be the main beneficiaries of a resurgent department store sector, but with spending coming mostly from more affluent consumers, it is luxury and big international brands that have gained the most. Middle market brands from the traditional apparel houses haven’t done so well, and […]

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Jul 14

World to close 500 stores in 2015

When one of Japan’s biggest apparel groups decides to close 500 stores, the impact on the industry is never going to be small. But World is not the only apparel firm to take an axe to its brand portfolio – TSI Holdings has closed 900 stores in the last three years alone. This is actually […]

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