Home / Knowledge / News / Apparel/Garments / Dip in sales weighs on Honeys Company's H1 earnings
Dip in sales weighs on Honeys Company's H1 earnings
21
Jan '14
In the backdrop of a subdued global and domestic economic scenario, Japanese women’s apparel manufacturer Honeys Co. Ltd reported a slight dip in its sales revenue in the first half of FY 2013-14.
 
The company which is engaged in the design, sale and manufacture of lady's wear and accessories, witnessed a 0.9 per cent dip in consolidated net profit at 29,777 million yen in the six months ended November 30, 2013 from 30,054 million yen in the same period a year ago.
 
Cooling pace of consumer spending in Japan as rising consumer prices crimp room for additional purchases, and a slowdown in major export markets weighed on the company’s revenue in the first six months of the financial year ending May 31, 2014.
 
Further, bad weather amid typhoons in late summer in Japan also crimped the demand for women’s casualty wear.
 
In its home market, the company witnessed a dip of 5.8 per cent in sales at 24,069 million yen in the six months ended November 30, 2013 from the same period a year ago amid bad weather.
 
In China, sales rose 26.5 per cent at 5,707 million yen in H1 FY 2013-14 from the same period a year ago even as sales competition became severe.
 
However, rising labour costs in China, coupled with a weaker yen which pushed up import costs, weighed on the profitability of the company as consolidated net income slumped by 65.7 per cent to 434 million yen in in the six months ended November 30, 2013 from 1,266 million yen in the year ago period.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 31st May 2016

FICCI forecasts 7.7% GDP growth for Indian economy in FY17

The results of latest round of the Federation on Indian Chambers of...

Apparel/Garments | On 31st May 2016

China to open e-commerce to foreign investment

In a major policy decision, China has decided to lift restrictions to ...

Courtesy- DyStar

Textiles | On 31st May 2016

DyStar launches Cadira Polyester for resource efficiency

DyStar Group, solution provider offering a complete range of...

Interviews View All

Vasanth Kumar
Max Fashion India

What is the size of the apparel retail segment? How would you describe the ...

Dinaz Madhukar
DLF Emporio and DLF Promenade

How do you see the competition from e-stores? What is the marketing...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

How was your experience of a collaborative stall at ITMA 2015? Please...

Marten Alkhagen
Swerea IVF AB

<b><i>Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles...

Kerem Durdag
Biovation II LLC

<b><i>Kerem Durdag, CEO, Biovation II LLC, provides an insight into future ...

Kevin Nelson
TissueGen

<b><i>Kevin Nelson, Chief Scientific Officer, TissueGen discusses the...

Judy Frater
Somaiya Kala Vidya

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
May 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search