Monthly Overview (January 2025)
FY2025
January
The apparel market this month remained strong, supported by robust inbound demand in the luxury market. Additionally, the general apparel market began clearance sales with the start of the New Year's sale, and sales of fall and winter items increased, resulting in an overall steady performance.
We had also experienced steady growth due to the strong performance of our main products, high-priced winter clothing such as coats and down jackets, since the start of the New Year's sale.
By sales channels, department stores, our primary distribution channel, slightly underperformed compared with the previous year due to the trend of early closure of clearance sales. On the other hand, sales channels such as e-commerce (EC) and outlet stores performed well in clearance sales, significantly surpassing the previous year's sales.
As a consequence of the above, the total monthly sales of department stores, directly managed stores, and outlet stores reached 101% of the previous year, while EC sales achieved 110%. The overall company sales totaled 102% of the previous year.
Year-on-year Change in Retail Sales
| Sep. | Oct. | Nov. | Dec. | Jan. | Feb. | Last half | |
| Total | 98% | 91% | 100% | 102% | 102% | ||
|
By Brand |
|||||||
| MACKINTOSH LONDON | 99% | 90% | 105% | 111% | 103% | ||
| MACKINTOSH PHILOSOPHY | 104% | 94% | 108% | 108% | 105% | ||
| Paul Stuart | 106% | 93% | 104% | 106% | 114% | ||
| EPOCA | 105% | 102% | 103% | 98% | 97% | ||
| Womenswear*1 | 98% | 99% | 95% | 94% | 100% | ||
| Corporate brands*2 | 105% | 90% | 99% | 88% | 100% | ||
| LOVELESS | 77% | 79% | 96% | 98% | 90% | ||
|
By Channel |
|||||||
| Department stores | 98% | 90% | 101% | 103% | 99% | ||
| Directly managed stores | 99% | 93% | 101% | 97% | 99% | ||
| EC | 101% | 101% | 95% | 99% | 110% | ||
| Outlet stores | 97% | 87% | 99% | 99% | 109% | ||
- 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
| Aug 2023 | Feb 2024 | Aug 2024 | ||||
|---|---|---|---|---|---|---|
| Actual | YoY | Actual | YoY | Actual | YoY | |
| Department stores | 726 | -54 | 731 | -7 | 702 | -24 |
| Directly managed stores | 40 | 2 | 42 | 2 | 41 | 1 |
| Outlet stores | 35 | 2 | 34 | 3 | 36 | 1 |
| Total | 801 | -50 | 807 | -2 | 779 | -22 |
- Number of shop-in-shops for department stores. Directly managed stores incude shops in department stores based on lease agreement and Marui.