fast retailing news and archive

Fast Retailing: Q1 revenue declines but operating profit up 23.3 percent

Consolidated revenue at Fast Retailing, totalled 619.7 billion yen, down 0.6 percent year-on-year, while operating profit totalled 113 billion yen, up 23.3 percent year-on-year driven by large increases in profit from Uniqlo operations in Japan and Greater China including Mainland China, Hong Kong and Taiwan, as well as rising profit and a...

Jan 14, 2021

Report

Uniqlo Japan December same-store sales up 6.2 percent

December same-store sales including online sales at Uniqlo Japan increased by 6.2 percent year on year while total sales including online sales increased by 6.1 percent. The company, part of the Fast Retailing Group, said in a statement, same-store sales rose year on year in December due to strong sales of warm home clothing after the weather...

Jan 5, 2021

Report

Uniqlo Japan posts marginal rise in November same-store sales

November same-store sales including online sales at Uniqlo Japan, increased by 0.5 percent year on year while total sales including online sales increased by 0.8 percent. The company, part of the Fast Retailing Group, said in a statement that same-store sales rose slightly for the month of November overall after extremely strong sales in the...

Dec 2, 2020

Fairs

In pictures: Uniqlo’s “Museum of Tomorrow” at CIIE

Japanese apparel retailer Uniqlo participated in the China International Import Expo (CIIE) for the first time this year, which took place from 5th to 10th November in Shanghai. Part of Uniqlo’s presentation was “The Art and Science of LifeWear,” Uniqlo’s LifeWear global brand exhibition, which took place in New York, Paris and London in...

Nov 16, 2020

Management

J Brand to shift towards direct distribution model, jobs to be cut

The Fast Retailing Group has announced a shakeup of the business model of its premium denim brand J Brand which will result in an undisclosed number of job cuts. To be more precise, the company said it will launch a “strategic plan to rearticulate the business model” of the brand “and shift direction toward direct distribution”. That means that...

Nov 13, 2020

Report

Uniqlo Japan October same-store sales improve 16.2 percent

In the month of October, same-store sales including online sales increased by 16.2 percent at Uniqlo Japan, while total sales including online sales increased by 16.5 percent. The company, part of the Fast Retailing Group, said in a statement that October same-store sales rose considerably due to buoyant sales of fall winter ranges during the...

Nov 4, 2020

Management

Fast Retailing profit drops on weak sales, expects recovery in FY21

The Fast Retailing Group’s revenue and profit declined in fiscal 2020. The company said in a statement that for the twelve months to August 31, 2020, consolidated revenue totalled 2.0088 trillion yen, down 12.3 percent and operating profit totalled 149.3 billion yen, down 42 percent resulting from large falls in both revenue and profit in the...

Oct 15, 2020

Report

Uniqlo Japan July sales improve by 4.7 percent

July 2020 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, increased by 4.4 percent year on year, while total sales including online sales increased by 4.7 percent. The company said in a statement that despite the long spell of rain and low temperatures experienced during the month, same-store sales rose...

Aug 4, 2020

Management

Fast Retailing lowers full year outlook, sees around 50 percent profit decline

The Fast Retailing Group’s consolidated revenue for the first nine months, totalled 1.5449 trillion yen, down 15.2 percent and operating profit totalled 132.3 billion yen, down 46.6 percent caused primarily by the impact of Covid-19, which the company said, spurred its decision to either temporarily close or introduce shorter opening hours for...

Jul 10, 2020

Retail

Uniqlo to open global flagship store in Tokyo

Uniqlo has announced the opening of its new global flagship store in Tokyo’s Ginza shopping district on June 19. The store, which was formerly the Uniqlo Marronnier Gate Ginza store on the seventh floor of the Marronnier Gate Ginza 2 building, has been renovated with an expansion up to the fourth floor and a fully remodeled interior. The...

Jun 4, 2020

Report

Uniqlo Japan: Store closures impact sales, same-store sales drop by 18.1 percent

May 2020 same-store sales including online sales decreased by 18.1 percent at Uniqlo Japan, while total sales including online sales decreased by 19.7 percent. The company, part of the Fast Retailing Group, said in a statement that same-store sales declined in May as approximately 20 percent of the stores were closed temporarily on average...

Jun 2, 2020

Report

Uniqlo Japan sales decline by 57.7 percent in April

Uniqlo Japan April same-store sales including online sales decreased by 56.5 percent at Uniqlo Japan, while total sales including online sales decreased by 57.7 percent. The company, part of the Fast Retailing Group said in a statement that same-store sales declined significantly year on year in April and customer visits dropped sharply,...

May 7, 2020