TOKYO -- Japanese online fashion retailer Zozo is pulling out of international markets barely a year after unveiling an ambitious plan to sell its unique brand of custom-made clothing in over 70 markets.
In announcing its annual earnings on Thursday for the year ended March 2019, the company said that "upon reviewing our international operations, we have decided to withdraw." Zozo said it will book a nearly 2 billion yen ($17.8 million) loss as an impairment charge for its subsidiaries in Germany and U.S.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.