GU news and archive

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...

Fashion

GU unveils collaboration with Rokh

GU, the sister brand to Uniqlo and part of the Fast Retailing Group, has unveiled a collaboration with emerging luxury brand Rokh by designer Rok Hwang. Rokh, which earlier this year teamed up with Swedish retailer H&M, has collaborated with GU on an exclusive ‘Play in Style’ themed outerwear, apparel, accessories and footwear collection,...

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...

BusinessFeatured

Uniqlo International boosts Q1 results at Fast Retailing

In the first quarter of FY2024, consolidated revenue at Fast Retailing rose to 810.8 billion yen, up 13.2 percent and operating profit increased to 146.6 billion yen, up 25.3 percent. Uniqlo Japan revenue of 244.4 billion yen, rose 1.5 percent, while operating profit of 46.5 billion yen increased by 18 percent. The company said in a statement...

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...

BusinessFeatured

Fast Retailing posts increase in H1 revenue and profit

The Fast Retailing Group reported consolidated revenue totaling 1.4673 trillion yen, up 20.4 percent and operating profit rising to 220.2 billion yen, up 16.4 percent for the six month period. The company said in a statement that Uniqlo operations in Southeast Asia, North America, and Europe regions along with GU operation reported particularly...

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...

BusinessFeatured

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...

BusinessFeatured

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...

BusinessFeatured

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...

BusinessFeatured

Fast Retailing lowers FY20 estimates as Uniqlo sales hit in Hong Kong, South Korea

Fast Retailing Fast Retailing Group said that consolidated revenue of 623.4 billion yen (5.70 billion dollars) for the first quarter were down 3.3 percent, while operating profit of 91.6 billion yen (0.84 billion dollars), dropped 12.4 percent. The company attributed decline in revenue and profit to that South Korea and Hong Kong reporting...

BusinessFeatured

Uniqlo International and GU drive sales and profit growth at Fast Retailing

For the year ended August 31, 2019, Fast Retailing Co. Ltd., parent of Uniqlo brand announced consolidated revenues of 2.2905 trillion yen, up 7.5 percent and operating profit of 257.6 billion yen, up 9.1 percent on the prior year. The company said in a statement that this impressive performance was due largely to strong results from Uniqlo...