Home / Knowledge / News / Apparel/Garments / Felissimo Corp posts 5.1% dip in 9M FY14 sales
Felissimo Corp posts 5.1% dip in 9M FY14 sales
10
Jan '14
Amidst a drop in sales of clothing items, Japanese mail order company, Felissimo Corporation witnessed a slight dip in sales revenue in the nine months ended November 30, 2013.
 
The company, which is engaged in the mail order sale of clothing including women’s wear and kids wear and accessories among other products, along with manufacture, delivery and processing of apparels, posted a 5.1 per cent decline in consolidated sales at 29,986 million yen in the first nine months of the fiscal year ending February 28, 2014 from 31,606 million yen in the same period a year ago.
 
Sales from the company’s clothing and fashion accessories segment fell to 22,244 million yen in 9M FY 2013-14 from 22,944 million yen in the same period a year ago. The company’s major fashion catalogues include haco, IEDIT, Live In comfort, Sunny clouds, etc.
 
The company’s clothing and fashion accessories segment contributed 74.2 per cent of Felissimo Corporation’s total sales in 9M FY 2013-14, up from 72.6 per cent in the same period a year ago.
 
Subdued personal spending in Japan weighed on the company’s revenue last quarter while a challenging global economic outlook may also weigh on exports, going forward.
 
The company swung to a consolidated net loss of 334 million yen in the nine months ended November 30, 2013, compared to a consolidated net profit of 67 million yen in the same period a year ago amid a fall in sales revenue while input costs remained elevated due to a weaker yen which pushed up import prices.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Aptos

Information Technology | On 25th Feb 2017

Tailored Brands selects Aptos sales audit solution

Aptos, Inc., a market leader in retail technology solutions, has...

Information Technology | On 25th Feb 2017

One Jeanswear Group deploys Centric PLM suite

Centric Software, the leading PLM solution for fashion, retail,...

Courtesy: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Paolo Ocleppo
Sandvik Hyperion

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

Steve Cole
Xerium Technologies

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search