Leading fashion retailer, Pal Group, has signed an exclusive distribution deal with Italian accessories brand, Iacucci.
The brand began selling in Japan last month through Pal’s online store and Zozotown. At the end of the month Pal opened the first Iacucci concession in Daimaru Tokyo.
Iacucci has been sold in Japan for a number of years through select shops such as Tomorrowland and Estnation.
As well as importing the core leather collection, Pal has ordered limited edition lines with more casual materials such as canvas. Pal will roll out more concessions for the brand as well as sell selected items through its chains Russet and Papillonner.
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For 1Q-3Q2018, Pal posted sales of ¥97.5 billion, up 6.7% and operating profit of ¥6.8 billion, up 9.5%, and for the full year forecasts sales of ¥133.5 billion, up 8.3%.
Michael Causton is the co-founder and partner at JapanConsuming, a specialist research firm 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 to help subscribers keep up to date with the latest trends and data. JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and consulting on market strategies and future trends.