top shadow
BODY

To receive more info from Wacoal about a particular product, Click on the photo (photo will enlarge).

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.: Operating Loss Of $8.6 Million


(Filed Under wholesale Lingerie News). Wacoal International Corp., the U.S. division of the Japan based firm, reported an operating loss of 914 million yen (about $8.6 million) on lower sales of 17,649 million yen (about $162 million at today’s exchange rates) for the year ended March 31, 2021.

The year before, the segment reported a profit of 401 million yen (about $3.7 million) on sales of 19,194 million yen (about $176 million).

The company explained that sales “on a local currency basis decreased by 5.7% (a decrease of 8.0% on a Japanese yen basis) as compared to such sales for the previous fiscal year. Although there was a positive impact of the inclusion of sales from Intimates Online [which is the segment that sells the company’s Lively brand] on our sales for the first half of the current fiscal year, revenue decreased by 15.4% as compared to such revenue for the corresponding period of the previous fiscal year due to the weak sales from Wacoal America Inc., which distributes “Wacoal” and “b.tempt’d” brand products at physical stores (department stores), resulting from the impact of the pandemic. On the other hand, revenue for the second half of the current fiscal year increased by 5.4% as compared to such revenue for the corresponding period of the previous fiscal year as a result of strong sales from Intimates Online, which maintained a high purchase rate and average spending per customer, as well as high growth in sales achieved from our e-commerce website and third-party e-commerce websites, which offset declines in sales from physical stores.”

The company continued that, in the U.S., “during the current consolidated fourth quarter, Intimates Online commenced transactions with Target Corporation, a major retailer in the United States, and is distributing Lively brand products through e-commerce channels and physical stores.”

“We recorded an operating loss of $8.6 million on a local currency basis (0.91 billion yen on a Japanese yen basis)” the company noted, “due to our continued strategic growth investments in our Lively brand distributed by Intimates Online, as well as the impact of the decreased revenue, despite our efforts to reduce costs and use of government assistance.”

For Wacoal Holdings Corp. as a whole, which operates in countries around the world, sales fell 18.5% to 152,204 million yen (about $1.39 billion), as the company posted a profit of 7,025 millon yen (about $64 million). Last year sales were 186,760 million yen (about $1.71 billion), with a profit of 3,472 million yen (about $32 million).

Wacoal’s European segment reported operating income of 666 million yen (about $6 million) on sales of 9,896 million yen (about $91 million). The company explained that sales at the division “on a local currency basis decreased by 24.0% (a decrease of 23.8% on a Japanese yen basis) as compared to such sales for the previous fiscal year. Sales for the first half of the current fiscal year decreased by 33.6% as compared to such sales for the corresponding period of the previous fiscal year due to the significant impact of the lockdown measures implemented in the United Kingdom and major countries in Europe. While signs of recovery were visible during the Christmas sale season, sales for the second half of the current fiscal year decreased by 12.6% as compared to such sales for the corresponding period of the previous fiscal year due to additional lockdown measures implemented during the current consolidated fourth quarter, which impacted our business operations. Sales from our e-commerce business, which we launched in the previous fiscal year, exceeded our plan, and now accounts for 5.4% of sales from Wacoal Europe for the current fiscal year. Although operating income on a local currency basis significantly decreased by 34.2% (a decrease of 33.9% on a Japanese yen basis) due to the impact of decreased revenue, we were able to record profit as a result of our efforts to reduce costs (excluding the impairment charges of 2.67 billion yen on goodwill with respect to Wacoal Europe).”— NM


more wholesale Lingerie News >>

Published 05-17-2021 by Nick Monjo

Related Articles

Wacoal U.S. Q1 Sales, Operating Income Jump
Wacoal U.S.: Operating Loss Of $8.6 Million
Wacoal 9 Month Sales -20.2%, Earnings -54.9%
Lively Sales Were $17.8 Million In First Half
2019 Operating Loss At Lively Jumps To $11.5M
Kauffman Is President Wacoal America
Wacoal: Weak Sales At U.S. Department Stores
Details Of Wacoal’s Acquisition of Lively
Wacoal Annual Sales -1% In The United States
Sales, Income Down Again At Wacoal U.S.


Comment on this article, brand or product

Disclaimer: The views expressed in comments published on bodymagazine.us are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.















NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2021 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2020 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to bodymagazinefmmg@gmail.com
bottom shadow