Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

Equity Bottom-Up

<p>Japan’s major apparel firms are in trouble as <a href="https://www.smartkarma.com/entities/onward-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:11370:1" rel="noopener">Onward Holding (8016 JP)</a>’s decision to slash 50% of its stores and <a href="https://www.smartkarma.com/entities/sanyo-shokai-ltd" target="_blank" data-smartkarma-citation="entities:12308:1" rel="noopener">Sanyo Shokai (8011 JP)</a>’s fight with activist shareholders both demonstrate.</p><p>For nearly 30 years, <a href="https://www.smartkarma.com/entities/renown-inc" target="_blank" data-smartkarma-citation="entities:10158:1" rel="noopener">Renown (3606 JP)</a>  was the worst of the bunch but it has at last been forced to file for bankruptcy protection, with wider implications for the apparel and department store sectors. Other apparel firms like Sanyo Shokai also look to be in trouble.</p><p>In the end, the crisis in the big apparel firms is also <strong>a crisis for department store apparel floors</strong>. Given that 30% of department store sales come from apparel and, other than cosmetics and jewellery, what profit there is in department stores also comes from clothing, this remains a serious problem. When Onward, Renown, Sanyo Shokai and others close down so many brands in so many department stores, the buildings themselves lose even more lustre, making it harder to find new tenants or wholesale suppliers. <strong>More closures and mergers may be on the cards (for details see below).</strong></p>

Japan’s major apparel firms are in trouble as Onward Holding (8016 JP)’s decision to slash 50% of its stores and Sanyo Shokai (8011 JP)’s fight with activist shareholders both demonstrate.For nearly 30 years, Renown (3606 JP)  was the worst of the bunch but it has at last been forced to file for bankruptcy protection, with wider implications for the apparel and department store sectors. Other apparel firms like Sanyo Shokai also look to be in trouble.In the end, the crisis in the big apparel firms is also a crisis for department store apparel floors. Given that 30% of department store sales come from apparel and, other than cosmetics and jewellery, what profit there is in department stores also comes from clothing, this remains a serious problem. When Onward, Renown, Sanyo Shokai and others close down so many brands in so many department stores, the buildings themselves lose even more lustre, making it harder to find new tenants or wholesale suppliers. More closures and mergers may be on the cards (for details see below).

Big Apparel in Trouble: Renown Finally Goes Under

Chief Economist

Diana Choyleva

Enodo Economics

Enodo Economics is an independent macroeconomic forecasting company that untangles complexity, challenges the consensus, and makes sense of the future. Our focus is on China – one of the most misunderstood economies in the world, but one of the most important to figure out.  Enodo’s chief economist, Diana Choyleva, has been analysing China for almost 20 years, while Enodo’s team boasts a combined 140 years’ experience covering China’s economy, politics and markets. 

Macroeconomics

<h2>China News That Matters</h2>
<ul>
<li>“BIG DEAL with China!” </li>
<li>Stability first</li>
<li>Huawei scrambles for new parts and markets </li>
<li>Corporate defaults hit record levels</li>
<li>Let it flow, let it flow, let it flow</li>
</ul>
<div class="content-remarks">
<p>In my weekly digest China News That Matters, I will give you selected summaries, sourced from a variety of local Chinese-language and international news outlets, and highlight why I think the news is significant. These posts are meant to neither be bullish nor bearish, but help you separate the signal from the noise.</p>
</div>

China News That Matters

“BIG DEAL with China!” 
Stability first
Huawei scrambles for new parts and markets 
Corporate defaults hit record levels
Let it flow, let it flow, let it flow


In my weekly digest China News That Matters, I will give you selected summaries, sourced from a variety of local Chinese-language and international news outlets, and highlight why I think the news is significant. These posts are meant to neither be bullish nor bearish, but help you separate the signal from the noise.


China

Shandong Jining Ruyi Woolen Textile Co., Ltd specializes in manufacturing and selling worsted woolen cloths and garments. The Company's main product is "Ruyi" brand worsted woollen cloths.

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Shandong Jining Ruyi Wool A (002193 CH)

Big Apparel in Trouble: Renown Finally Goes Under

Japan’s major apparel firms are in trouble as Onward Holding (8016 JP)’s decision to slash 50% of its stores and Sanyo Shokai (8011 JP)’s fight...

Michael Causton

Trade War/CEWC/Huawei/Bonds/Water

China News That Matters “BIG DEAL with China!” Stability first Huawei scrambles for new parts and markets Corporate defaults hit record...

Diana Choyleva

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52-week Range

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