Crown Jewel Inc. which operates "ZOZOUSED", announced that the company name will officially be switched to ZOZOUSED Co., Ltd. on October 1st. Established July 2005, the company started the operation of a fashion-oriented auction site called "CROWN JEWEL". In June 2011, the company became a consolidated subsidiary of Start Today Co., Ltd., and opened the largest fashion online retail in Japan, “ZOZOTOWN” and under it opened a select shop second hand sub-brand, "ZOZOUSED". The volume of products increased by 23.9% year on year to 15.95 billion yen (**US$143 million) in the fiscal year end in March 2018. Parent company, Start Today Co., Ltd., is also changing its company name to ZOZO Co., Ltd. on October 1st.
**1 JPY = 0.00898875 USD (courtesy of EX Currency.com)