Highlights
Japan Retail: Higher rates meet an uneven fashion recovery
Against a backdrop of renewed price pressures and a weaker yen, the Japanese fashion market has experienced an uneven recovery. Interest rates have continued to rise, and consumer confidence remains subdued. Within the fashion sector, clothing inflation has outpaced that of footwear. Commercial sales also diverged, with textile sales enjoying a strong rebound, whereas apparel and accessories only returned to marginal growth. Meanwhile, despite falling volumes, footwear import value held up, supported by higher average prices
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The Italy-based group recorded a 15% year-on-year increase in revenue during the first half of 2026, driven by double-digit growth across all regions and strong DTC performance


































