May

During this month, the apparel market continued to be firm, mainly for luxury brands, partly due to the effects of boosting inbound demand in line with the steady yen depreciation. However, the general apparel market continued to be sluggish, compared with the last year's revenge spending after the COVID-19 pandemic.

We also implemented measures to attract customers, such as brand campaign for the both of brick-and-mortar stores and EC, and began full-fledged operation of summer products, such as lightweight jackets and functional shirts and blouses that are appropriate for the mid-summer season along with rising temperatures. As a result, full price sales remained at the same level as the previous year, when sales of revenge spending increased.

On the other hand, sales through outlets, EC and other channels fell sharply in line with the sharp decline in carryover inventories. While the ratio of full price sales remained at a high level of 84%, total sales were on the same trend as the previous month, which was below the previous year.

As a consequence of the above, monthly sales at department stores and directly managed stores of full-price for May totaled 100% of the previous year, while sales at outlets and EC accounted for 93% of the previous year, and the total company sales for 98% of the previous year.

Year-on-year Change in Retail Sales

• Corporate brands include SANYOCOAT, S.ESSENTIALS, Sanyo Yamacho and ECOALF.
• Womenswear includes AMACA, EVEX by KRIZIA, TO BE CHIC and TRANS WORK.

Number of Stores

• Number of shop-in-shops for department stores. Directly managed stores incude shops in department stores based on lease agreement and Marui.