Fast Retailing news and archive

Uniqlo Japan posts drop in October same-store sales

October same-store sales including online sales at Uniqlo Japan decreased by 8.5 percent year on year, while total sales including online sales decreased by 7.4 percent. The company, part of the Fast Retailing Group said in a release that October same-store sales declined year on year as persistently warm weather throughout the month stifled...

BusinessFeatured

Uniqlo owner Fast Retailing records 28.2 percent profit growth

Fast Retailing recorded FY2023 revenue of 2.7665 trillion yen, up 20.2 percent and operating profit of 381 billion yen, up 28.2 percent. Profit attributable to owners of the parent rose 8.4 percent to 296.2 billion yen. The company said in a statement that Uniqlo International revenue surpassed 50 percent of total consolidated revenue for the...

RetailFeatured

Uniqlo on expansion in India, preview of first Mumbai store

After a four year wait, Japanese apparel retailer Uniqlo will open its first store in Mumbai on 6th October 2023 and a second one on 20th October. This is the brands first foray into western India after confining its expansion to the north of the country. FashionUnited took a first look at the new store at Mumbai’s largest mall Phoenix Market...

Business

Uniqlo Japan September same-store sales drop by 4.6 percent

September same-store sales including online sales at Uniqlo Japan decreased by 4.6 percent, while total sales including online sales decreased by 3.1 percent. The company, part of the Fast Retailing Group said in a release that strong sales of summer ranges boosted same-store sales in the first half of the month but sales of fall winter products...

Business

Uniqlo Japan August same-store sales increase 7.1 percent

August 2023 same-store sales including online sales at Uniqlo Japan increased by 7.1 percent, while total sales including online sales increased by 9.7 percent. The company, part of the Fast Retailing Group attributed same-store sales increase in August to persistently hot weather throughout the month that supported strong sales of summer items...

Business

Uniqlo appoints COO to strengthen management and support founder

Japanese retailer Uniqlo has initiated a shift to its leadership team in a bid to support and strengthen its management team amid the brand’s rapid growth. Tadashi Yanai, the founder of Uniqlo’s parent company Fast Retailing, will be taking on the role of chief executive officer of the brand. Yanai currently serves as executive director,...

Business

Uniqlo Japan posts July same-store sales growth of 8.7 percent

Uniqlo Japan registered July 2023 same-store sales including online sales growth of 8.7 percent year on year while total sales including online sales increased by 12.1 percent. The company, part of the Fast Retailing Group, attributed the same-store sales increase in July to strong sales of summer products during the persistently hot weather and...

BusinessFeatured

Fast Retailing posts increase in profit, raises outlook

In the nine months to May 31, 2023, consolidated revenue at Fast Retailing Group were 2.1435 trillion yen, up 21.4 percent year-on-year and operating profit rose to 330.5 billion yen, up 21.9 percent. Profit attributable to owners of the parent increased to 238.5 billion yen, up 0.3 percent. According to the revised estimates for FY2023, Fast...

Business

Uniqlo Japan May same-store sales up 4.4 percent

May 2023 same-store sales including online sales at Uniqlo Japan increased by 4.4 percent year on year while total sales including online sales increased by 9 percent. The company, part of the Fast Retailing Group, said same-store sales rose in May as sales of summer products and items that had successfully captured the latest trends sold well....

Business

Fast Retailing denies reports of Uniqlo exiting Russia

Japanese group Fast Retailing has denied media speculation that its brand Uniqlo would be exiting Russia over one year on from when it first suspended operations in the region. In a statement to the press, Fast Retailing said: “In March 2022, Fast Retailing temporarily suspended operations in Russia, and that status remains unchanged. With no...

Business

Fast Retailing joins Pakistan Accord

Japanese fashion group Fast Retailing has announced that it has joined the newly-launched Pakistan Accord through a legally-binding agreement. It is the latest player in the fashion industry to sign onto the accord, joining the likes of Mango, Primark, Next, Asos and Hugo Boss, who have already announced their commitment. The initiative looks to...

PeopleFeatured

Peter Do: The career trajectory of Helmut Lang's new creative director

Fashion designer Peter Do, known for his unique aesthetics and innovative designs, has been making waves in the fashion industry since his early days. Born in Vietnam, his passion for fashion led him to the US, where he had the opportunity to pursue his dream to be a designer. Do's journey in fashion began at the Fashion Institute of Technology...