Shimamura news and archive

Unseasonably cold weather weights Japanese apparel sales

New York – Unusually long and cold season has dampen down demand for apparel, furniture and other goods in Japan, according to market insiders. Sources quoted by Bloomberg point out that the unseasonal weather is taking an effect on sales. Case in point, a spokesperson for Shimamura Co., a chain of affordable clothing shops, reported last week...

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Shimamura posts record operating profit in May

Japanese apparel group Shimamura has posted group operating profit that has gone up by 30 percent on the year to about 11 billion yen (circa 103 million dollars) in the period comprehended between March and May. The casual wear retailer's revenue likely climbed 7 percent to around 140 billion yen, highlights ‘Nikkei’. Meanwhile, same-store sales...