More From Koji Hirano
The continued weakness of the Japanese economy and an unusually long rainy season hurt business.
Unusually long rainy season in Japan hurt sales at the fast-fashion chain Uniqlo.
The global economic downturn is slowing but consumer sentiment is not yet recovering, the company said.
Net-a-porter, Sears and Galeries Lafayette offer shopping on Web-enabled cell phones.
At Uniqlo, sales rise as consumers snap up t-shirts and summer tops.
The retailer Takashimaya has not seen any recovery in recessionary Japan.
Tokyo-based Kracie Holdings Ltd., a beauty company that was spun off from Kanebo, is set to be sold to hair…
In Japan, department stores’ May sales slid 12.3 percent to 511.2 billion yen.
Kim Winser stepped down after her bid to buy the brand was rebuffed by Aquascutum’s Japanese parent Renown…
Slumping demand for personal care products and prestige cosmetics hit the company.