Fast Retailing’s Uniqlo chain has had a strong August in its domestic market with like-for-like sales up by a healthy 8.8% with online included. But they were also up by a strong 7.4% in physical stores only.
Koovs continues to be lossmaking but its losses are reducing as margins improve and its recent funding round has left it confident of future growth in a market where only 1% of sales currently happen online.
Lingerie specialist Wacoal and sportswear group Descente Ltd have partnered up for a business alliance that will extend to design, manufacturing, distribution, in the areas of ‘beauty, health and comfort’.
Yeezy is strengthening its organization. The structure behind the Kanye West label, in collaboration with Adidas, has recruited a managing director, a chief financial officer and other key executives in just one year.