Home / Knowledge / News / Apparel/Garments / Lapine Company posts slight dip in 9M FY 2013-14 sales
Lapine Company posts slight dip in 9M FY 2013-14 sales
15
Jan '14
Dragged down by a weak performance of its wholesale business, Japan based Lapine Company Ltd, which is a designer, manufacturer, seller and retailer of women’s clothing and accessories, reported a slight dip in its sales revenue in the first nine months of the year ended February 28, 2014.
 
The company, which offers its products under brands such as Lapine Blanche, Lapine Rouge, Pierre Cardin, Madam Joconde, Guest Joconde, La Joconde, Miss J, Vice Versa, witnessed a 3.5 per cent dip in consolidated sales at 8.679 billion yen in the nine months ended November 30, 2013 from 8.996 billion yen in the first three quarters of the previous fiscal.
 
Sales from the wholesale business fell by nearly 6 per cent to 6.871 billion yen in the nine months FY 2013-14 from 7.307 billion yen in the first three quarters of the previous fiscal as a dip in temperatures weighed on the demand for autumn clothing.
 
The company’s retail business witnessed a rise in sales of 6.9 per cent to 1.805 billion yen in the nine months FY 2013-14 from 1.688 billion yen in the first three quarters of the previous fiscal as higher promotion activities helped attract new customers.
 
Consumer spending in Japan is growing at a very sluggish pace as households feel the impact of rising electricity prices on their budget, weighing on the company’s sales.
 
The company reported a consolidated net income of 442 million yen in the first nine months of the year ended February 28, 2014.
 
Since the company changed its financial year to the end of February from March 20 earlier, the results of the first nine months FY 2013-14 cannot be directly comparable with the previous nine month period which stretched up to December 20, 2012 from March 21, 2012.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Textiles | On 19th Jan 2017

DOMOTEX 2018 features new exhibition layout

The trade fair for floor coverings DOMOTEX 2018, which begins January ...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

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

Wendell Rodricks
Wendell Rodricks

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

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
January 2017

January 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