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: ICTSD

Textiles | On 6th May 2016

EU, US negotiators push to complete TTIP deal in 2016

European and US negotiators for the Transatlantic Trade and...

Courtesy: Kate Spade & Co

Apparel/Garments | On 6th May 2016

Kate Spade & Co’s net sales up 14.5% in Q1 2016

Kate Spade & Company, owner of two lifestyle brands – Kate Spade New...

Courtesy: Aeropostale

Apparel/Garments | On 6th May 2016

Aéropostale to use bankruptcy filing to revamp business

American specialty retailer of casual apparel and accessories,...

Interviews View All

Rajesh Goradia
Vitruvien

How is the market for bespoke collection in India as compared to other...

Geetanjali Kapoor
GMS Exports

How do you see the market for readymade garments in India? What will be...

Priyanka
Studio Priyanka Rajiv

To which countries does India export majority of its hand-embroidered...

A. B. Telasang
Gherzi Eastern Limited

A. B. Telasang ,M-Tech in Textiles from VJTI Mumbai has 11 years of rich...

Mr. Johan Berlin
Investkonsult Sweden AB

Mr. Johan Berlin is the majority shareholder and Managing Director of...

Mr. R. N. Doshi
Rajoo Engineers Limited

Mr. R. N. Doshi, co-founder of the Rajoo Group - Excellence in Extrusion,...

Jay Ramrakhiani
Occasions Elegance Wear

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

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
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search