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

Apparel/Garments | On 26th Aug 2016

China may increase pilot cross-border e-com cities

Cross-border e-commerce is becoming a new driving force of China’s...

Textiles | On 26th Aug 2016

Vigorous global competition challenge for EU textile firms

Vigorous global competition is among the main challenges for the...

Apparel/Garments | On 26th Aug 2016

Japan’s clothing imports down 7.1% in H1 2016

In the first six months of 2016, Japan’s clothing and accessories’...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Lynda Kelly
Suominen Corporation

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
August 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search