Fast Retailing news and archive

Uniqlo rises above global market shifts

Fast Retailing, the Japanese parent company of Uniqlo, continues to outperform in the apparel sector, defying the broader economic slowdown with its third consecutive year of record profits. The company's success is attributed to its focus on affordable basics, which remain in demand even as consumer sentiment wanes, the Financial Times said....

ManagementFeatured

Fast Retailing ups forecast, plans to increase dividend

In the nine months period, Fast Retailing’s revenue totaled 2.3665 trillion yen, up 10.4 percent, while operating profit rose to 401.8 billion yen, up 21.5 percent and profit attributable to owners of the parent increased to 312.8 billion yen, an increase of 31.2 percent. In the third quarter, the company said, strong performances from Uniqlo...

Business

Uniqlo operator lifts annual net profit forecast

Tokyo - The operator of Japan's high-street fashion giant Uniqlo on Thursday hiked its full-year net profit forecast, predicting record results despite an underwhelming performance in China. Retail behemoth Fast Retailing said it was on course to make 365 billion yen (2.26 billion dollars or 1.76 billion pounds) in the year to August, upgrading...

Report

Uniqlo Japan posts 16 percent increase in June sales

June same-store sales including online sales at Uniqlo Japan increased by 14.9 percent year on year while total sales including online sales increased by 16 percent. The company, part of the Fast Retailing Group, attributed the sharp increase in June same-store sales to seasonal campaign items dovetailing perfectly with prevailing weather...

Report

Uniqlo Japan May same store sale increase by 8.4 percent

May same-store sales including online sales at Uniqlo Japan increased by 8.4 percent year on year while total sales including online sales increased by 9.3 percent. The company part of the Fast Retailing Group attributed the same-store sales growth to buoyant business over the Golden Week holiday and the 40th Uniqlo Thank You Festival, which...

RetailFeatured

GU to open its first-ever overseas flagship store in SoHo, NYC

GU, the sister brand to Japanese apparel retailer Uniqlo, has announced plans to open its first overseas flagship store in SoHo, New York City, in addition to its online store this fall. The news comes not long after parent company Fast Retailing revealed its ambitious expansion plans for GU to make its mark in the United States and Europe. This...

Report

Uniqlo Japan April sales jump by 20.3 percent

April same-store sales including online sales at Uniqlo Japan increased by 18.9 percent year on year while total sales including online sales increased by 20.3 percent. The company, part of the Fast Retailing Group, said in a release that same-store sales increased driven by strong sales of summer ranges and other items which were supported by...

ManagementFeatured

Uniqlo parent Fast Retailing increases half-year sales and profit

Thanks to the strong international business of its Uniqlo clothing chain, the Japanese retail group Fast Retailing Co. Ltd. was able to close the first half of the 2023/24 financial year with solid growth in sales and earnings. In light of the latest figures, the company raised its profit forecast for the full year on Thursday. However, the...

Business

Uniqlo Japan reports decline in March same-store sales

In the month of March same-store sales including online sales at Uniqlo Japan decreased by 1.5 percent year on year while total sales including online sales increased by 1 percent. The company, part of the Fast Retailing Group, said in a release that same-store sales contracted in March as sales of spring items struggled to gain momentum in the...

Retail

Uniqlo to open new Oxford Street store in April

Japanese high street brand Uniqlo will open its newest flagship store in Central London on April 18th. The Fast Retailing-operated company will open a 1,300 square meter store across two floors in the West End, offering it signature LifeWear clothing for women, men, kids, and babies, along with collaborations with JW Anderson and Clare Waight...

Report

Uniqlo posts February same-store sales growth of 7.2 percent

February same-store sales including online sales increased by 7.2 percent at Uniqlo Japan, while total sales including online sales increased by 9.3 percent. The company, part of the Fast Retailing Group, said in a statement that same-store sales increased in February as rising temperatures from the middle of the month boosted demand for spring...

Retail

Fast Retailing eyes up expansion for GU in US and Europe

Fast Retailing, the parent company of Uniqlo, has set its sights on expanding the presence of its sister label GU in the United States of America and Europe as part of its broader aim to become a global retailer, achieving 10 trillion yen (66.3 billion USD) in annual sales. As Asia's largest apparel producer, Fast Retailing believes that GU can...