DURANTE SHIPPING NEWS: Japan Men’swear and Accessories Shipment in North America
Posted October 05, 2019 15:08:31Newly released shipping statistics from our global partners, including shipping partners from Japan, confirm that the Japanese Men’s Wear and Accessories shipment volume from North America reached a record high last year.
The volume for 2019 was a record for the first time in the company’s history.
For the first two months of 2019, the total volume was 4.5 million units.
This year, Japanese companies have begun to see an uptick in shipments from North American.
Last year, shipments from Japan to North America totaled 1.6 million units, and the volume this year is likely to surpass that.
In the first half of 2019 shipments totaled 2.4 million units; this year, that number is expected to exceed 3 million units and will represent over 30% of the total shipments for the year.
Japan has been steadily growing its market share in the apparel industry.
This year, Japan shipped 2.5% of global apparel shipments.
This is a 50% increase over the year prior.
The increase has been driven by the emergence of a new, younger market for men’s apparel.
The average age of men’s men is expected for 2020 to be 37, according to the International Council of Shopping Centers.
This was the same year that the average age was 35, and it was the first year that men’s clothing and accessories sales in the United States topped 1 billion units.
In the men’s fashion market, DURANCE, which is owned by JVC, has been the fastest growing company in Japan in terms of volume over the last year, according a report in Business Insider.
DURANEX, which operates in the U.S., has also been a leader in volume growth, as the company has seen strong growth in its sales of men and women’s shoes and apparel.
In 2019, DIRAM and JUNYOSha have seen growth in their respective segments.
The two companies are currently ranked the 10th and 16th largest companies in the global apparel industry, according the report.
In addition to the new volume, companies are seeing their profit margins grow.
According to the latest quarterly earnings report from Japan’s Ministry of Economy, Trade and Industry, profit margins in the Japanese apparel industry increased by 4.7% year-over-year in the first quarter of 2019 compared to the same period in 2018.
This translates to a net gain of 6.4% in profit margins.
In terms of profit margins, the Japanese men’swear industry experienced a record profit margin increase of 16.9% in 2019.