Business · Companies · 7 hrs ago

Yutori shifts from launching brands to growing its strongest labels

Yutori shifts from launching brands to growing its strongest labels

Japanese apparel company Yutori is changing its growth strategy, moving away from launching brands quickly and toward investing more in labels that are already growing.

The company, which operates youth-focused brands including 9090, has expanded through acquisitions and partnerships since it went public in December 2023.

Yutori now has 35 brands, fewer than its earlier target of 70.

The company says it has become harder to build a new brand by gaining attention on social media.

Growth in Taiwan has raised the potential for its main brands, because shoppers there buy them both locally and when visiting Japan.

Yutori now believes a brand could reach annual sales of 5 billion yen, including purchases by visitors, rather than the 1 billion yen it previously had in mind.

The company says it will focus on scaling its strongest brands, while its latest first-quarter results set records for both sales and net profit.

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What people are saying

Takahiro KataishiYutori president
When we went public, we were in a phase of creating new brands one after another, but now our strategy has changed to investing properly in brands that are growing and helping them grow further.
via Toyo Keizai
If there is room for existing brands to grow, then we should grow them further.
via Toyo Keizai