Cyrillus to Open Third Japan Store

Share this content:
TOKYO -- French fashion cataloger Cyrillus, a subsidiary of the giant PPR conglomerate, plans to open a third store in Fukuoka prefecture later this month following the launch of a second store in Kanagawa in September.


The company's catalog business in Japan has been doing so well since it expanded operations in 1998 that it formed a subsidiary, Cyrillus Japan, and set up its first store in Tokyo.


"We're seeing healthy growth in the first store," said Jean Pierre Watteau, president/CEO of the company.


"Last year total sales at the store were about 250 million yen ($2.3 million), up 14 percent over the previous year, and we're expecting even better results from the store we opened in Kanagawa in September."


Catalog sales also have seen healthy growth this year. The company dropped its first books on this market in 1994 and has seen both good and bad times. In 1997 Cyrillus switched to a Japanese language book and last year adopted a yen-based payment method.


"So far we're satisfied with the results," Watteau said. "In fact, response from our customers has been quite strong since we started taking yen payment last year." He expects catalog sales to total 1.1 billion yen ($10 million) in 2000, up 16 percent over 1999 totals.


Watteau plans to add more stores in Japan in coming years, explaining that "this is what we do in foreign markets. We usually start with a catalog and then invest in a retail store.


"I think in three years retail store sales will be larger than those from catalogs. By then we should have some 30 stores open and running in Japan."
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above