Monthly Overview (July 2025)
FY2026
July
In the apparel market for the month, luxury brands and other high-end product markets continued to struggle significantly due to the impact of a sharp decline in inbound demand. Similarly, in the general apparel market, consumer sentiment has cooled down partly due to persistent price increases and growing uncertainty about the outlook for international and domestic politics and economics. In particular, the mid to high-end market, especially in department stores, has remained sluggish.
Our company has also experienced an extremely significant impact from the challenging situation in department stores, our main sales channel, and sales of full-priced products continued to show difficult progress during the month. On the other hand, sales at e-commerce (EC) and outlet stores significantly exceeded the previous year's figures. However, this was not enough to offset the decline in full-priced sales, resulting in a slightly lower outcome compared to the previous year.
As a consequence of the above, the monthly total sales of department stores, directly managed stores, outlets, and other brick-and-mortar stores in July reached 95% of the previous year's level. EC sales were 118% of the previous year, but overall sales were 99% of the previous year's level.
Year-on-year Change in Retail Sales
| Mar. | Apr. | May | Jun. | Jul. | Aug. | First half | |
| Total | 96% | 94% | 97% | 94% | 99% | ||
|
By Brand |
|||||||
| MACKINTOSH LONDON | 97% | 96% | 94% | 98% | 104% | ||
| MACKINTOSH PHILOSOPHY | 97% | 94% | 102% | 96% | 106% | ||
| Paul Stuart | 98% | 98% | 102% | 96% | 97% | ||
| EPOCA | 95% | 97% | 98% | 97% | 99% | ||
| Womenswear*1 | 93% | 92% | 94% | 92% | 94% | ||
| Corporate brands*2 | 97% | 116% | 114% | 90% | 111% | ||
| LOVELESS | 77% | 108% | 98% | 92% | 105% | ||
|
By Channel |
|||||||
| Department stores | 92% | 89% | 92% | 90% | 91% | ||
| Directly managed stores | 85% | 96% | 98% | 95% | 95% | ||
| EC | 105% | 112% | 114% | 108% | 118% | ||
| Outlet stores | 114% | 103% | 109% | 108% | 120% | ||
- Corporate brands include SANYOCOAT, S.ESSENTIALS, Sanyo Yamacho and ECOALF.
- Womenswear includes AMACA, EVEX by KRIZIA, TO BE CHIC and TRANS WORK.
Year-on-year Change in Retail Sales
| Feb 2024 | Aug 2024 | Feb 2025 | ||||
|---|---|---|---|---|---|---|
| Actual | YoY | Actual | YoY | Actual | YoY | |
| Department stores | 731 | -7 | 702 | -24 | 706 | -25 |
| Directly managed stores | 42 | 2 | 41 | 1 | 37 | -5 |
| Outlet stores | 34 | 3 | 36 | 1 | 40 | 6 |
| Total | 807 | -2 | 779 | -22 | 783 | -24 |
- Number of shop-in-shops for department stores. Directly managed stores incude shops in department stores based on lease agreement and Marui.