TOKYO — Japanese retailers saw sales increase in February, a factor companies attributed to a variety of factors including a successful Valentine's Day sales season.
Fast Retailing said Monday that comps at its Uniqlo stores in Japan increased 9.6 percent in February. The company attributed the rise to its ability to clear out inventory of winter garments, as well as strong performance by styles featured in a spring advertising campaign. After closing two doors in February, Fast Retailing currently operates 827 Uniqlo stores in Japan.
Japan’s largest department store operator, Isetan Mitsukoshi Holdings, also saw an increase in sales in February, albeit small. Sales at the company’s nine main stores were up by 0.8 percent compares with the same month last year. Even the Isetan Shinjuku flagship store in Tokyo, which has been partially closed while it undergoes rolling renovations, experienced a slight increase in sales. The Ginza branch of Mitsukoshi, which was also renovated in 2010, saw sales growth of 5.3 percent.
Like Isetan Mitsukoshi, Takashimaya’s sales growth was modest, with sales at its 18 stores in Japan increasing 0.3 percent. It was the retailer’s first sales increase in three months.
“February sales…exceeded those of last year, as a rise in stock prices led to favorable performance of high-priced items such as luxury clothing and accessories and fine jewelry,” Takashimaya said in a release.
H2O Retailing said that same-store sales at its Hanshin and Hankyu department stores increased 13.4 percent year-on-year in February. In particular, sales at the Hankyu Umeda flagship store, which was renovated and reopened last fall, rose 53.1 percent.
Among Japan’s major department store operators, J. Front Retailing has seen relatively steady sales increases over the past several months. February was no exception, as sales at the company’s 19 Daimaru and Matsuzakaya stores grew by 4.6 percent. The company said that top-performing categories included luxury brand goods, fine art and jewelry. February marks the seventh straight month of sales increases for Daimaru Matsuzakaya.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion