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Article: R&I rates Aoyama Trading at A.
- Article from:
- ADP Debt News
- Article date:
- August 20, 2009
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(ADPnews) - Aug 20, 2009 - R&I gave today an A rating with a "stable" outlook to Japanese men's apparel retailer Aoyama Trading Co Ltd (TYO:8219).
Although sales of men's business wear are susceptible to changes in economic conditions, inventory risk is small since fashion rarely changes, unlike women's wear, according to the rater.
Furthermore, men's business wear generates relatively high gross margins, the agency said.
Competition from peers including general merchandise stores (GMS) and other retail store operators is intense as chain store operators for men's business wear have been aggressively opening new stores despite a decrease in ...