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

PAL GROUP Holdings Co., Ltd. / Equity Bottom-Up

<ul>
<li>3Coins is the non-apparel part of PAL Group, and its fastest growing sub-brand.</li>
<li>With pressure from import costs due to the weak Yen, the company spent FY2024 looking to boost product-level profitability through price increases for higher end items and new ranges.</li>
<li>Results look positive and operating profit for the group is due to rise 23%.</li>
</ul>


3Coins is the non-apparel part of PAL Group, and its fastest growing sub-brand.
With pressure from import costs due to the weak Yen, the company spent FY2024 looking to boost product-level profitability through price increases for higher end items and new ranges.
Results look positive and operating profit for the group is due to rise 23%.


PAL Group (2726JP): 3Coins Still Growing Very Fast

Thematic (Sector/Industry)

<ul>
<li>The following is an in-depth review of the Japanese retail sector in 2021-22 and is designed to provide a complete overview for any investor in Japanese retail/consumer markets.</li>
<li>FY2021-22 proved a rebound year for retailers at the sector level. But on a company by company basis, there has been radical divergence between the best and the rest. </li>
<li>We look at the reasons for this divergence and the implications for Japanese retail and consumer firms in the years ahead.</li>
</ul>


The following is an in-depth review of the Japanese retail sector in 2021-22 and is designed to provide a complete overview for any investor in Japanese retail/consumer markets.
FY2021-22 proved a rebound year for retailers at the sector level. But on a company by company basis, there has been radical divergence between the best and the rest. 
We look at the reasons for this divergence and the implications for Japanese retail and consumer firms in the years ahead.


Japanese Retailing 2021-22: What's Really Going on and What's Next?

<ul>
<li>The shakeout in clothing and fashion retailing continues, with most of the good fortune spread amongst a smaller group of either very large or very small retail chains and brands. </li>
<li>In specialty, lower cost national chains largely located in the suburbs continued to increase share but premium fashion retailers also had a great year boosting profits.</li>
<li>More dramatic was the startling growth of a few department stores which helped the format increase share of the apparel market for only the 4th time in 20 years.</li>
</ul>


The shakeout in clothing and fashion retailing continues, with most of the good fortune spread amongst a smaller group of either very large or very small retail chains and brands. 
In specialty, lower cost national chains largely located in the suburbs continued to increase share but premium fashion retailers also had a great year boosting profits.
More dramatic was the startling growth of a few department stores which helped the format increase share of the apparel market for only the 4th time in 20 years.


Japan Fashion Retailing: Stores Still Popular and Profit Soars for Some

<ul>
<li>After a bumper bonus during Covid, the fashion sector saw calmer spending in the last 18 months as the big return to shops led to more muted growth online. </li>
<li>The overall EC fashion market grew around 4-7% depending on how you measure it, but online market share actually fell as people went back to shops.</li>
<li>This in-depth review highlights the key trends in the sector as well as the winners by sales growth among retailers and fashion brands.</li>
</ul>


After a bumper bonus during Covid, the fashion sector saw calmer spending in the last 18 months as the big return to shops led to more muted growth online. 
The overall EC fashion market grew around 4-7% depending on how you measure it, but online market share actually fell as people went back to shops.
This in-depth review highlights the key trends in the sector as well as the winners by sales growth among retailers and fashion brands.


Fashion E-Commerce: Physical Stores Grow Faster than Online in Japan

<ul>
<li>Pal Group’s founder retired last month after 50 years at the helm. </li>
<li>Since 2001, the fashion to variety store business has grown from ¥10 billion to a forecast ¥184 billion this year.</li>
<li>There remains growth potential in the variety store chain, 3Coins, as well as a revival in the fashion side.</li>
</ul>


Pal Group’s founder retired last month after 50 years at the helm. 
Since 2001, the fashion to variety store business has grown from ¥10 billion to a forecast ¥184 billion this year.
There remains growth potential in the variety store chain, 3Coins, as well as a revival in the fashion side.


Pal Group: Another Record as Founder Retires

Japan

PAL GROUP Holdings Co., Ltd. operates a chain of casual clothing stores based in Kansai area. The Company manufactures and retails men's and women's casual wear and accessories.  The Company also sells its products on the Internet.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

PAL GROUP Holdings Co., Ltd. (2726 JP)

PAL Group (2726JP): 3Coins Still Growing Very Fast

3Coins is growing revenue fast but is now looking at profits: by raising prices for high-end items and expanding product ranges it is expected to...

Michael Causton

Japanese Retailing 2021-22: What's Really Going on and What's Next?

There is increasing divergence between the winners and losers in Japanese retailing and the following in-depth review looks at performance in the...

Michael Causton

Japan Fashion Retailing: Stores Still Popular and Profit Soars for Some

A major review of Japanese clothing retail markets: the ongoing shakeout benefits large and small chains, but profit growth across the sector is...

Michael Causton

Fashion E-Commerce: Physical Stores Grow Faster than Online in Japan

Fashion sector saw a slowdown in online spending post-Covid as shoppers returned to physical stores, impacting overall market growth. Winners in...

Michael Causton

Pal Group: Another Record as Founder Retires

Pal Group's founder retired after 50 years, leaving behind a thriving business with significant growth potential in both their variety store chain...

Michael Causton

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

PAL Group (2726JP): 3Coins Still Growing Very Fast

​3Coins is growing revenue fast but is now looking at profits: by raising prices for high-end items and expanding product ranges it is expected to...

Michael Causton

Japanese Retailing 2021-22: What's Really Going on and What's Next?

There is increasing divergence between the winners and losers in Japanese retailing and the following in-depth review looks at performance in the...

Michael Causton

Japan Fashion Retailing: Stores Still Popular and Profit Soars for Some

A major review of Japanese clothing retail markets: ​the ongoing shakeout benefits large and small chains, but profit growth across the sector is...

Michael Causton

Fashion E-Commerce: Physical Stores Grow Faster than Online in Japan

​Fashion sector saw a slowdown in online spending post-Covid as shoppers returned to physical stores, impacting overall market growth. Winners in...

Michael Causton

Pal Group: Another Record as Founder Retires

​Pal Group's founder retired after 50 years, leaving behind a thriving business with significant growth potential in both their variety store chain...

Michael Causton

3Coins is growing revenue fast but is now looking at profits: by raising prices for high-end items and expanding product ranges it is expected to...

A major review of Japanese clothing retail markets: the ongoing shakeout benefits large and small chains, but profit growth across the sector is...

Fashion sector saw a slowdown in online spending post-Covid as shoppers returned to physical stores, impacting overall market growth. Winners in...

Pal Group's founder retired after 50 years, leaving behind a thriving business with significant growth potential in both their variety store chain...