Japan's retail sales rose for a fifth straight month in July, beating expectations as the consumer sector continued its recovery, although a coronavirus resurgence has cast doubts over the spending outlook.
Japanese retail sales fell for the third straight month in February as households kept a lid on expenditure amid the coronavirus emergency, underscoring its fragile economic recovery from last year's slump.
Perry Ellis International, Inc. has inked a license agreement with Itochu Corporation to expand the American group’s premium heritage brand Farah into Japan with Itochu, one of Japan’s greatest trading companies.
About 3,500 U.S. companies, including Ralph Lauren, Target Corp, and Walgreen Co have sued the Trump administration in the last two weeks over the imposition of tariffs on more than $300 billion in Chinese-made goods.
Fashion conglomerate Shandong Ruyi has brushed aside a sale of textile maker Lycra proposed by Lycra's creditors and is instead looking to publicly float the business, two people with direct knowledge told Reuters.
The long-established Milanese label, owned by Japanese group Itochu since 1992, has triggered an overhaul of its wholesale network, aiming to serve only a small, highly select number of top-notch stores worldwide.
With its new CEO and short-term funding in place, Laura Ashley has released a weak set of results with losses increasing and even e-tail sales dropping. But the firm is upbeat and sees international opportunities ahead.
Times may still be tough for Laura Ashley but its fashion business powered ahead in H1 with double-digit growth and the spring collection looks like it could deliver more of the same, it said Wednesday.