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A look from Wacoal’s b.tempt’d line. A look from Wacoal’s b.tempt’d line. A look from Wacoal’s autumn/winter 2011 collection. A look from Wacoal’s autumn/winter 2011 collection. A look from Wacoal’s autumn/winter 2011 collection.
A look from Wacoal’s b.tempt’d line.

Added: Jun 2011
A look from Wacoal’s b.tempt’d line.

Added: Jun 2011
A look from Wacoal’s autumn/winter 2011 collection.

Added: Jun 2011
A look from Wacoal’s autumn/winter 2011 collection.

Added: Jun 2011
A look from Wacoal’s autumn/winter 2011 collection.

Added: Jun 2011

current news

Wacoal U.S. Division Profits Down, Sales Rise


(Filed Under Financial and General Interest News). Operating profit at the U.S. division of Wacoal was down 47.5% in the first fiscal half year, while sales rose 7.6%.

Revenue in the first six months (April 1, 2022 to September 30, 2022) at Wacoal International Corp. (U.S), the division of Wacoal that covers all of the Americas, rose to 15,537 million Japanese yen (about $111.4 million at current exchange rates), compared to 14,445 million Japanese yen (about $103.5 million) in the same period last year.

(Note: we provide information on yen dollar values at current exchange rates to provide readers with a rough comparative idea of the amounts involved. These figures may differ from the actual conversions at the various times of reporting).

Operating profit shrank to 596 million yen (about $4.3 million) from 1,136 million yen (about $8.1 million) in the same six months last year. Sales in the U.S. division “were sluggish due to the absence of the recovery from the impact of COVID-19 seen during the corresponding period of the previous fiscal year, as well as deterioration in consumer confidence in the wake of the inflation and the rise in interest rates to control such inflation. Sales from Wacoal America, Inc. on a local currency basis, decreased due to the impact of our major clients’ restraint of procurement, as well as weak sales from our physical stores.”

Wacoal also complained that “sales from Intimates Online, Inc. (“Intimates Online”), which distributes the “Lively” brand significantly decreased as our efforts to reassess media mix to attract new customers failed to produce results.”

Meanwhile the company reported sales from Wacoal Europe Ltd. “increased as a result of expansion of sales of our products under “Elomi” brand against the backdrop of the growing body-neutral trend (accepting your body for what it is), in addition to the strong sales from swimwear products supported by the relaxation of COVID-19 restrictions in the United Kingdom and Europe.” The company reported sales in the six months rose to 10,069 million yen (about $72.2 million) from 8,596 million yen (about $61.6 million) last year, while operating profit fell to 409 million yen (about $2.9 million), from 1,108 million yen (about $7.9 million) last year.

Parent company Wacoal Holdings Corp., which is based in Japan and sells intimate apparel and other products worldwide, reported a net profit of 4,283 million yen (about $30.7 million) on sales of 97,506 million yen (about $699.1 million) compared to a net profit of 3,412 million yen (about $24.5 million)on sales of 86,286 million yen (about $618.6 million) in the six months ended September 30, 2021).


more Financial and General Interest News >>

Published 11-28-2022 by -

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