Japan’s Look Holdings Posts 15% Revenue Decline as Domestic Demand Wanes - SolidRumor.com

Japan’s Look Holdings Posts 15% Revenue Decline as Domestic Demand Wanes

 Japan’s Look Holdings Posts 15% Revenue Decline as Domestic Demand Wanes

A.P.C. Spring/Summer 2020. A.P.C.

The company, which manufactures and distributes fashion in the Japanese market for brands including A.P.C., Repetto and Marimekko, reported a 61.7 percent decline in overall operating income and a 10.4 percent fall in sales for its apparel business in 2020.

Look Holdings was hit hardest at the beginning of the pandemic and saw sales recover in the second half of the year, particularly through online channels. Its overseas business in markets like South Korea, where Covid-19 has had a smaller impact on demand, performed comparatively well.

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