Home / Knowledge / News / Apparel/Garments / 'Japan's apparel market set for era of growth & stability'
'Japan's apparel market set for era of growth & stability'
12
Dec '13
The Japanese apparel market has seen significant growth in sales during the fiscal year of 2012 and is set for an era of development and relative stability, according to a recent report by JapanConsuming.
 
According to the report on ‘Apparel Retailing FY 2012: leading from the top’ released by JapanConsuming, although overall apparel sales grew an incremental 0.4 percent in Japan in fiscal year 2012, the top 100 apparel retailers averaged a strong growth rate of 5.2 percent, helping these leaders garner more than 60 percent share of the total apparel market in the country.
 
Fiscal year 2012 was a solid year for Japanese apparel retailing, and despite the market grew less than 2.3 percent to the year before, it still grew, and for only the second time since 2003, the report states.
 
According to the report, sales growth among the top 100 apparel retailers in the country, including overseas brands, averaged 5.2 percent year-on-year, indicating a significant increase of 2.0 points compared to fiscal year 2011, greatly outperforming the market as a whole.
 
Specialty chains continued to deliver most of the growth, but e-commerce businesses were also to the fore, with a growth of 10 percent and 7.2 percent, respectively, in fiscal year 2012, the report adds.
 
As per the report, general merchandise stores (GMS) and department stores in the country’s apparel sector continued to lose market share in fiscal year 2012, but the efforts of the large department store firms to fix problems and take control of apparel retail floors through marketing and, above all, own brand development has begun to bear fruit, which is supported by greater spending from wealthy Japanese consumers.
 
With prices having bottomed out after two decades of decline and having started rising, stabilizing prices as well as improving corporate efficiency in the apparel stores alone suggest the apparel market in the country will grow in value in the years ahead, the report adds.
 

Fibre2fashion News Desk - India


Must ReadView All

EU, Japan finalise Economic Partnership Agreement

Textiles | On 18th Dec 2017

EU, Japan finalise Economic Partnership Agreement

Building on the political agreement reached in principle during the...

WTO, ITC launch cotton portal to enhance transparency

Textiles | On 18th Dec 2017

WTO, ITC launch cotton portal to enhance transparency

The World Trade Organisation (WTO) and the International Trade Centre ...

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Top executives
Textile industry

The foremost issue is bridging the skill gap

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search