Weather Promotes Winter Wear Sales Growth In UNIQLO Japanese Market

Asia's largest clothing retailer Fast Retailing Co. Ltd. (9983.T)

Flagship brand Uniqlo UNIQLO Japan's domestic market recorded a 7.7% growth in February, a slight slowdown compared to January's 8.9%, including online sales, while overall sales rose 10.5% annually.

Co. Ltd. (9983.T) fast marketing group pointed out that the continuous cold weather accelerated in February.

The sale of spring clothes also expanded the sales base.

Fast Retailing Co. Ltd. (9983.T) reported 46040 yen on Tuesday, down 1.73% throughout the day, and has risen 4.54% since 2015.

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Kate Spade said its sales were strong in 2014, and its sales increased by 42% to 1 billion 100 million dollars in 2014.

In the new year, the plan continues to expand and plans to increase 50 to 55 stores. Currently, there are 200 stores in the world.

In early 2015, its brand low price route brand Kate Spade Saturday and Jack Spade came bad news. The two brands will be closed in the first half of this year.

In the fourth quarter of last year, the net income of the two brands dropped to $126 million 500 thousand, compared with $185 million 200 thousand a year ago.

At the same time, the proportion of gross profit of the company's sales revenue decreased from 61.6% to 57.8%.

Due to the pition from Kate Spade Saturday and Jack Spade to its exclusive e-commerce website, Kate Spade expects to lose $8 million in unsold stocks.

Kate Spade Saturday is a low price sub line brand of Kate Spade. It announces that it will close 19 branches (including 16 direct and 3 cooperative stores), but the brand's e-commerce website will always be maintained.

Despite big promotions last year, sales were still sluggish.

The company's statement shows that "the key factors for the success of Kate Spade Saturday" will be included in the Kate Spade main line, which means that it will no longer operate independently and will merge with Kate Spade New York.

A spokesman for Kate Spade Saturday also said that the label of the brand will not disappear completely, and it is expected that it will still appear in the Kate Spade New York shop and its e-commerce website in the future.

Jack Spade is the menswear brand launched by Kate Spade in 1999, and its 12 Direct stores will also be closed in the first half of 2015.

In addition, Jack Spade will continue to pursue "a new business model, using its retail partners' distribution network to expand its e-commerce platform."