Onward said that while consumers are still saving, the expectation of economic recovery has led to a more positive and stable mindset. This, the company said, has led to increased sales both in Japan and abroad, particularly in European markets.
Onward left unchanged its guidance for the twelve months ending February 28, 2014. It expects net profit to grow 11 percent to 5 billion yen, or $50.05 million at current exchange rates. The retailer is predicting operating profit will increase 15.3 percent to 12.9 billion yen, or $129.13 million. It is expecting sales growth of 5.7 percent to 273 billion yen, or $2.73 billion.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"