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

Courtesy: World Bank/ Harshad Marathe

Apparel/Garments | On 23rd Jul 2016

Rising wages in China to create 1.5 million jobs in S Asia

As wages in China continue to rise, global apparel production and...

Courtesy: 3ders.org

Apparel/Garments | On 23rd Jul 2016

Disney research creates 3D compiler for machine knitting

Introducing 3D technology to machine knitting, Disney Researchers...

Textiles | On 23rd Jul 2016

Telangana to frame new policy for textile industry

The Telangana state government will frame a new policy aimed at...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Steve Cole
Xerium Technologies

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silvia Venturini Fendi
Fendi s.r.l

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

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

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