Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Tokyo, Japan
Retail
Fast Retailing Hikes Annual Forecast After Quarterly Profits Surge
The Uniqlo owner cited robust sales growth globally that helped it absorb US tariffs.
Fast Retailing Hikes Annual Forecast After Quarterly Profits Surge
The Uniqlo owner cited robust sales growth globally that helped it absorb US tariffs.
Retail
Nigo’s Human Made Boosts Tokyo IPO Price
The streetwear brand has increased the price of its initial share sale following strong investor demand.
Nigo’s Human Made Boosts Tokyo IPO Price
The streetwear brand has increased the price of its initial share sale following strong investor demand.
Retail
Uniqlo Owner Fast Retailing Posts Record Profit for Fourth Year, Beating Forecasts
The Japanese retail giant reported record annual profits, driven by strong sales in Japan and the US.
Uniqlo Owner Fast Retailing Posts Record Profit for Fourth Year, Beating Forecasts
The Japanese retail giant reported record annual profits, driven by strong sales in Japan and the US.
Retail
Shein to Open First Physical Store in Tokyo
Online fast fashion behemoth will open its first ever permanent physical store on Sunday, setting up shop in one of Tokyo’s most-popular areas as it seeks to live up to a lofty valuation that’s been shaken by slowing sales growth and concerns about its environmental and social impacts.
Shein to Open First Physical Store in Tokyo
Online fast fashion behemoth will open its first ever permanent physical store on Sunday, setting up shop in one of Tokyo’s most-popular areas as it seeks to live up to a lofty valuation that’s been shaken by slowing sales growth and concerns about its environmental and social impacts.
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Global Markets
Japanese Designers Are Still Betting on Gorpcore
A pandemic-induced camping boom boosted global sales for Japanese fashion labels with a functional edge, but has it cemented performance wear as a long-term fashion staple?
Japanese Designers Are Still Betting on Gorpcore
A pandemic-induced camping boom boosted global sales for Japanese fashion labels with a functional edge, but has it cemented performance wear as a long-term fashion staple?
Global Markets
Japan’s Gen-Z Men Spend 20 Percent More on Makeup
Growth in the men’s cosmetics market in Japan has been attributed to the pandemic and wider use of video calls and online social gatherings.
Japan’s Gen-Z Men Spend 20 Percent More on Makeup
Growth in the men’s cosmetics market in Japan has been attributed to the pandemic and wider use of video calls and online social gatherings.
Global Markets
Japan’s Department Stores Clash With Government Over ‘Extravagant Goods’
Beginning June 1, Japanese department stores will be able to reopen on weekdays. But vague government guidelines concerning an exception to store
Japan’s Department Stores Clash With Government Over ‘Extravagant Goods’
Beginning June 1, Japanese department stores will be able to reopen on weekdays. But vague government guidelines concerning an exception to store
Global Markets
Japanese Beauty Brand DHC Under Fire Following CEO’s Discriminatory Comments
The brand, famous for items like its cleansing oil, angered netizens and activist groups after its chairman and CEO Yoshiaki Yoshida used
Japanese Beauty Brand DHC Under Fire Following CEO’s Discriminatory Comments
The brand, famous for items like its cleansing oil, angered netizens and activist groups after its chairman and CEO Yoshiaki Yoshida used
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Global Markets
Yoshinori Matsuzaki Appointed CEO of United Arrows
Matsuzaki, who currently serves the Japanese fashion group as its executive vice president, will step into his new role of president and chief
Yoshinori Matsuzaki Appointed CEO of United Arrows
Matsuzaki, who currently serves the Japanese fashion group as its executive vice president, will step into his new role of president and chief
Global Markets
Zozotown to Unveil Luxury E-Commerce Portal
The Japanese e-commerce firm Zozo will launch Zozovilla, a luxury and designer platform featuring 90 brands including Loewe, Dries van Noten and Thom
Zozotown to Unveil Luxury E-Commerce Portal
The Japanese e-commerce firm Zozo will launch Zozovilla, a luxury and designer platform featuring 90 brands including Loewe, Dries van Noten and Thom
Global Markets
Toshiyuki Hosoya Appointed President, CEO of Isetan Mitsukoshi Holdings
Hosaya, currently president of Fukuoka-based, Isetan-owned department store Iwataya Mitsukoshi, starts his new role on April 1. The company’s current
Toshiyuki Hosoya Appointed President, CEO of Isetan Mitsukoshi Holdings
Hosaya, currently president of Fukuoka-based, Isetan-owned department store Iwataya Mitsukoshi, starts his new role on April 1. The company’s current
Global Markets
Japanese E-Commerce Giant Rakuten Reports 15.2% Boost in Annual Revenues
Major growth in the group’s business, which spans e-commerce, payments, insurance and more, was driven by accelerated digitisation in Japan’s online
Japanese E-Commerce Giant Rakuten Reports 15.2% Boost in Annual Revenues
Major growth in the group’s business, which spans e-commerce, payments, insurance and more, was driven by accelerated digitisation in Japan’s online
The News in Brief
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.