Japanese online fashion retailer Zozo Inc on Friday launched skin tone measuring glasses for ordering cosmetics online, making its latest fashion tech offering as it expands beyond apparel. "Zozoglass", a pair of spectacles covered with colour swatches and markers, detects skin tone when scanned with a smartphone for tailored cosmetics recommendations on Zozotown, Japan's biggest online fashion site. "Traditionally in Japan you'd go to a large department store, you go to the counter and then you actually try stuff on," Zozo's Chief Operating Officer Masahiro Ito said in an interview.
The billionaire founder of Japanese online fashion store Zozo Inc <3092.T>, Yusaku Maezawa, acquired large stakes in two Japanese apparel companies including multi-brand retailer United Arrows <7606.T>, regulatory filings showed on Thursday. Yusaku Maezawa bought an 8% stake in United Arrows for 3.5 billion yen (25 million pounds) and a 6% stake in Adastria <2685.T>, another retail group, for 3.9 billion yen, according to the filings.
SoftBank-backed online fashion retailer Zozo Inc's shares closed up 21% on Friday in their largest single-session gain, a day after reporting a 34% jump in first-quarter operating profit as Japanese consumers embrace online shopping. The results are a bright spot in a fashion industry hammered by the coronavirus outbreak as consumers stay home, benefiting from brands shifting unsold inventory to the site. The profit growth is a tailwind for CEO Kotaro Sawada, who took over from flamboyant founder Yusaku Maezawa after the sale to SoftBank Group, which exerts control via its domestic internet business Z Holdings.