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

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Milind Khandwe
Hindoostan Innovation Centre

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Karan Arora
Karan Arora

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

Pranav Mishra
Huemn

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

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search