Fast Retailing shares are tanking in Tokyo one day after the company reported disappointing December comps at its Uniqlo chain in Japan. Uniqlo’s sales in December fell 5 percent.Shares in Asia’s largest apparel retailer are down 6.7 percent in afternoon trade, hovering around 39,720 yen. The Nikkei 225 index is down just 0.4 percent while Shanghai’s SSE is down 0.35 percent. Hong Kong’s Hang Seng is nearly flat.Comparatively speaking, other Japanese retailers are faring better on Friday. Isetan Mitsukoshi is down 0.2 percent while Takashimaya is down just 0.1 percent. Isetan’s December comps fell 1.9 percent while Takashimaya saw an increase of 0.5 percent.Shimamura, a discount retailer that reported a 4.4 percent drop in December comps, is actually gaining 0.7 percent.Fast Retailing said Thursday that same-store sales at its Uniqlo outlets in Japan decreased by 5 percent in December. Customer numbers were down 4 percent, while the average purchase per customer slipped by 1 percent.“Same-store sales declined year-on-year in December after warm weather in the latter part of the month dampened sales of core winter items,” the retailer said.
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive