FAST RETAILING news and archive

Fast Retailing posts strong growth in revenue and profit

Fast Retailing reported full-year consolidated revenue of 2.3011 trillion yen, up 7.9 percent, operating profit of 297.3 billion yen, 19.4 percent, and profit attributable to owners of the parent of 273.3 billion yen, up 60.9 percent. Excluding the impact of the weaker yen, which inflated performance, the company said, operating profit increased...

Oct 13, 2022

Retail

Japan’s GU to open first US store

Japanese retailer GU has announced it will be opening its first store in the US, set to launch autumn 2022. The pop-up store will be located in Soho, New York, and will mark the brand’s first Western launch outside of Asia, coming as part of its further business expansion. Featured in the store will be a lineup of “on-trend” clothing and...

Aug 5, 2022

ManagementFeatured

Fast Retailing reports sales and profit growth

The Fast Retailing Group’s revenue increased and profit rose in the first nine months of fiscal 2022, with consolidated revenue rising to 1.7651 trillion yen, 3.9 percent year-on-year and operating profit rising to 271 billion yen, 19 percent. The company’s pre-tax profit rose to 349.2 billion yen, up 42.2 percent and profit attributable to...

Jul 14, 2022

Fashion Featured

Uniqlo launches ‘Peace for All’ charity project

Fashion retail brand Uniqlo has enlisted leaders across fashion, design, art, literature, science and sport to design UT T-shirts, with 100 percent of profits going to humanitarian charities including the United Nations Refugees Agency UNHCR, Save the Children and Plan International. Entitled ‘Peace for All’ this is a new global charity project...

Jun 17, 2022

Retail

Uniqlo to increase prices as yen falls to 20-year low

A weakened yen will see Japan’s Fast Retailing increase prices at Uniqlo. With added pressures from sourcing more expensive raw materials and other logistical issues, Uniqlo’s fall collection will see increases in some of its core items. Various newspapers reported the price of some fleece products rising to 2,990 yen (about 21 euros) in...

Jun 10, 2022

Retail |In Pictures Featured

Uniqlo and Theory unveils joint store in London

Fast Retailing Company will open the doors to its first joint retail store featuring Uniqlo and Theory in the same location in the UK and across Europe on April 21. The 20,450 square foot store located at 101-113 Regent Street is being described as Uniqlo’s “most significant store to date” and reinforces the company’s commitment to the UK high...

Apr 20, 2022

ManagementFeatured

Fast Retailing posts increase in first half revenue and profit

Fast Retailing Group revenue of 1.2189 trillion yen, was up 1.3 percent in the first half of fiscal 2022, while operating profit of 189.2 billion yen increased 12.7 percent. Profit attributable to owners of the parent rose 38.7 percent to 146.8 billion yen. Uniqlo Japan reported a drop of 10.2 percent in revenue to 442.5 billion yen and drop of...

Apr 14, 2022

Retail

Uniqlo defends decision to remain in Russia

The parent company of Japanese casualwear giant Uniqlo on Monday defended a decision to keep Russian stores open even as rivals Zara and H&M suspend operations in the country following its invasion of Ukraine. Tadashi Yanai, president of Uniqlo operator Fast Retailing, said the conflict should not deprive people in Russia of clothing, a basic...

Mar 7, 2022

Business

Uniqlo’s Fast Retailing donates 10 million dollars to support Ukraine refugee crisis

In response to the ongoing humanitarian emergency in Ukraine, Asian fashion group Fast Retailing Co., Ltd., has announced it will be donating 10 million dollars to the UN Refugee Agency (UNHCR) to support those fleeing the country. Alongside the funds, the firm, which operates the likes of Uniqlo, Gu and Theory, will also be donating 100,000...

Mar 4, 2022

ManagementFeatured

Uniqlo international boosts sales and profit at the Fast Retailing Group

The Fast Retailing Group’s revenue and profit both increased in the first quarter of fiscal 2022 with consolidated revenue totalling 627.3 billion yen, up 1.2 percent and operating profit reaching 119.4 billion yen, up 5.6 percent. The company has attributed this strong performance to large increases in both revenue and profit at Uniqlo...

Jan 13, 2022

ManagementFeatured

Fast Retailing to expand LifeWear concept to support sustainability growth

Fast Retailing, which owns Uniqlo, has announced that it will be “advancing” its LifeWear concept to accelerate its transition to a new business model, which it states will encompass both sustainability and business growth. LifeWear is all about “everyday clothing, designed to make everyone’s life better - to create apparel that not only...

Dec 2, 2021

BusinessFeatured

Uniqlo operator Fast Retailing posts record net profit

Tokyo - The operator of Japanese casualwear giant Uniqlo reported a record annual net profit on Thursday and predicted an even better performance this year as pandemic-related restrictions ease further worldwide. Fast Retailing said business had “recovered markedly” as infections were contained around the world, including a sharp recovery in...

Oct 14, 2021