Fast Retailing news and archive

Princesse tam tam and Comptoir des Cotonniers placed in administration

Paris - The crisis continues in French ready-to-wear. Lingerie brand Princesse tam tam and clothing brand Comptoir des Cotonniers have entered administration. AFP learned this on Wednesday from a source close to the matter. Struggling for several years, these two brands have found it difficult to withstand "a market context that has not...

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Business

Princesse Tam Tam and Comptoir des Cotonniers file for receivership

Paris - French ready-to-wear brands Princesse Tam Tam and Comptoir des Cotonniers filed for receivership on Friday, a source close to the matter told AFP on Monday, confirming information from the specialist website Fashion Network. These two brands, specialising in lingerie and womenswear respectively, belong to the Fast Retailing France group,...

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Business

Following strong first-half growth: Uniqlo parent Fast Retailing raises profit forecast

Japanese retail group Fast Retailing Co. Ltd. concluded the first half of its 2024/25 fiscal year with record sales and earnings. Given the recent surprisingly positive performance, the parent company of the Uniqlo clothing chain raised its full-year profit forecast on Thursday. In the first half, which ended on February 28, consolidated revenue...

Retail

Uniqlo outlines Canadian expansion plans for Spring 2025

Japanese fashion retailer Uniqlo has announced plans to open four new stores in Ontario and Quebec, Canada this spring. This includes locations in Maple View shopping center in Burlington and Union Station in Toronto, Ontario, Place Stefoy in Québec City, and Galeries d'Anjou in Montréal, Québec. The first of the four stores to open is the one...

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Business

Uniqlo parent Fast Retailing reports strong Q1 results

In the first quarter, revenues at Fast Retailing rose to 895.1 billion yen, up 10.4 percent and business profit increased to 156.9 billion yen, up 11 percent. Operating profit for the quarter rose by 7.4 percent to 157.5 billion yen. The company is maintaining its initial estimates for FY25 of consolidated revenue of 3.4 trillion yen, up 9.5...

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Business

Uniqlo boss says brand does not use Xinjiang cotton

Fast Retailing’s chief executive, Tadashi Yanai, has claimed that the company’s core brand, Uniqlo, does not use cotton sourced from China’s Xinjiang region in its products. Yanai addressed the concern to the BBC, to which he confirmed that the company was not utilising cotton from this district, before stating: “It gets too political if I say...

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Hot weather impacts Uniqlo's October same-store sales

Uniqlo Japan reported a 7.5 percent decrease in October same-store sales including online sales. The company’s total sales including online sales decreased by 5.9 percent. The company part of the Fast Retailing Group, attributed same-store sales decrease in October to persistently hot weather negatively affecting sales of winter ranges. On...

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Management

Uniqlo parent Fast Retailing posts strong sales and profit growth

Fast Retailing revenue crossed 3 trillion yen, up 12.2 percent and operating profit over 500 billion yen, up 31.4 percent, while profit attributable to owners of the parent of 371.9 billion yen, increased by 25.6 percent. The company plans to offer a year-end dividend of 225 yen per share. The company said in a statement that when added to the...

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Uniqlo Japan September same-store sales surge

September 2024 same-store sales including online sales increased by 22.1 percent at Uniqlo Japan, while total sales including online sales increased by 24.7 percent. The company, part of the Fast Retailing Group said in a release that same-store sales expanded significantly year on year in September on the back of strong sales of summer ranges...

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Business

Gu launches in the US with e-commerce site and flagship store

Fast Retailing-owned Gu has made its first solid steps into the US with the launch of an e-commerce site, app and flagship store, located in New York City. The Uniqlo sister brand had initially tested the US waters back in autumn 2022 when it opened a pop-up store, allowing it to introduce its products to new customers and thus “greatly fuel...

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People

Uniqlo names Clare Waight Keller as creative director

Japanese retailer Uniqlo has appointed British designer Clare Waight Keller as its creative director. Waight Keller, the former creative director for leading fashion houses, including Chloé, Givenchy, and Pringle of Scotland, will be responsible for Uniqlo’s mainline collection, including menswear, from autumn/winter 2024. The new role is an...

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Retail

GU reveals plans for first US flagship store, app, & e-commerce

Fast Retailing, the parent company of Japanese fashion retailer Uniqlo and sister brand GU, has shared additional plans for the opening of its first GU flagship store in the US. Set to open at 578 Broadway in SoHo, New York City, on September 19, the debut flagship store opening will coincide with the launch of its US ecommerce store. The new...