Monthly Overview (August 2026)
FY2027
August
As announced in the “Notice of Revision to 2Q (Semi-Annual) Earnings Forecast” released on 28 August 2026, in response to the significant deterioration of KPIs, including the gross profit margin, caused by excessive markdown sales conducted last year to compensate for sluggish full-price sales, we have made KPI improvement our top priority in sales activities following this year's clearance sales period. Accordingly, we have been thoroughly strengthening full-price sales while keeping markdown sales at an appropriate level. In August, overall sales fell below the previous year's level, while full-price sales exceeded the previous year's level, and KPIs, including the full-price sales ratio and gross profit margin, improved significantly.
As a result, sales at physical stores such as department stores, directly managed stores, and outlet stores were at 91% of the previous year's level, EC sales were at 83%, and total company sales were at 90% of the previous year's level.
For the first half, sales at physical stores were at 95% of the previous year's level, reflecting the impact of a decrease of 39 department stores compared with the previous year. EC sales were at 102% and total company sales were at 96% of the previous year's level.
Spring and summer products performed well, and total company sales exceeded the previous year's level in the first quarter (March-May). In contrast, total company sales in the second quarter (June-August) fell below the previous year's level, reflecting our focus on KPI improvement as stated above.
Year-on-year Change in Retail Sales
| Mar. | Apr. | May. | Jun. | Jul. | Aug. | First half | |
| Total | 100% | 101% | 102% | 92% | 92% | 90% | 96% |
|
By Brand |
|||||||
| MACKINTOSH LONDON | 101% | 103% | 100% | 89% | 91% | 86% | 96% |
| MACKINTOSH PHILOSOPHY | 108% | 107% | 108% | 90% | 96% | 95% | 101% |
| Paul Stuart | 99% | 107% | 105% | 92% | 98% | 94% | 99% |
| EPOCA | 104% | 108% | 102% | 92% | 88% | 88% | 98% |
| Womenswear*1 | 99% | 98% | 92% | 93% | 90% | 88% | 94% |
| Corporate brands*2 | 111% | 117% | 119% | 116% | 101% | 101% | 111% |
| LOVELESS | 129% | 96% | 132% | 105% | 108% | 103% | 112% |
|
By Channel |
|||||||
| Department stores | 94% | 98% | 98% | 89% | 92% | 89% | 94% |
| Directly managed stores | 108% | 101% | 107% | 91% | 92% | 96% | 99% |
| EC | 124% | 117% | 104% | 105% | 85% | 83% | 102% |
| Outlet stores | 99% | 101% | 118% | 89% | 98% | 96% | 100% |
- 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 2025 | Feb 2026 | Aug 2026 | ||||
|---|---|---|---|---|---|---|
| Actual | YoY | Actual | YoY | Actual | YoY | |
| Department stores | 690 | -12 | 672 | -34 | 651 | -39 |
| Directly managed stores | 35 | -6 | 39 | 2 | 39 | 4 |
| Outlet stores | 41 | 1 | 46 | 6 | 47 | 6 |
| Total | 766 | -13 | 757 | -26 | 737 | -29 |
- Number of shop-in-shops for department stores. Directly managed stores incude shops in department stores based on lease agreement and Marui.