Takashimaya also raised its guidance for the current financial year, ending February 28.
The retailer now expects net profit to increase by 5.8 percent to 17.5 billion yen, or $179.92 million at current exchange rates. This is up from a previous forecast of 16.7 billion yen, or $171.70 million.
The retailer upped its full-year operating profit forecast from 28 billion yen, or $287.87 million, to 29 billion yen, or $298.16 million.
The company is now expecting yearly sales growth of 3.9 percent to 904 billion yen, or $9.29 billion. This is up from a previous forecast of 897 billion yen, or $9.22 billion.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styled by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)