Home / Knowledge / News / Apparel/Garments / Konaka Company posts slight dip in FY'13 sales
Konaka Company posts slight dip in FY'13 sales
16
Jan '14
Amidst the backdrop of a weak economic scenario, Japanese clothing company Konaka Company Ltd witnessed a slight dip in sales revenue in the fiscal year ended September 2013.
 
The company, which is primarily engaged in the men’s clothing business, reported a 1.9 per cent decline in consolidated sales at 64.7 billion yen in the 12 months ended 30 September 2013 from 65.9 billion yen in the previous 12 months.
 
The weak pace of recovery in consumer spending in Japan weighed on the demand for luxury clothing items, adversely affecting the company’s sales performance last fiscal.
 
However, sales of business-related apparel remained firm in the 12 months ended 30 September 2013.
 
Some of the famous brands that the company offers include Donato Vinci (Milan, Italy), John Pierce (London, UK) and Yamamoto Kansai.
 
The company runs flagship men’s clothing stores such as Konaka-the-flag and SUIT SELECT. 
 
Konaka Company Ltd witnessed a 34.1 per cent rise in its consolidated net profit at 6.729 billion yen in the 12 months ended 30 September 2013 from 5.017 billion yen in the previous 12-month period.
 
With the average Japanese consumer set to become more price sensitive in the coming months amid a hike in consumption tax, the outlook for the company’s sales remains challenging. 
 
The company is banking on continued robust performance from its brand flagship store SUIT SELECT to bolster sales revenue going forward.
 
At the same time, Konaka Company Ltd is also eying aggressive expansion in international markets in Asia to help aid sales growth.
 
In the last fiscal year, the company opened 12 stores in international markets including six in Thailand, four in Singapore and two in China. 
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Jul 2016

GST to help logistic cos reduce cost, time up to 20%

Caught in a bind over high operational costs and complex tax levies,...

Apparel/Garments | On 25th Jul 2016

Q2FY17 EPS down 10.2% at VF Corp

Earnings per share (EPS) for the second fiscal quarter ended July 2,...

Courtesy: Premiere Vision

Textiles | On 25th Jul 2016

1,898 exhibitors sign up for Premiere Vision Paris

Premiere Vision Paris begins from September 13, 2016, with 1,898...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Sanjay Yagnik
Maa Tex Speciality

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

Lynda Kelly
Suominen Corporation

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

Paolo Ocleppo
Sandvik Hyperion

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
june 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search