Uniqlo news and archive

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...

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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...

Retail

Retailers halt use of gig economy apps following trade union backlash

A number of UK retailers have reportedly stopped using gig economy apps like YoungOnes and Temper to hire freelance retail workers after unions criticised the method. According to the Guardian, Uniqlo, Gymshark and Lush are believed to have halted the use of these apps after just a short period of time. It seems that the decisions came as a...

Retail

Urban Outfitters and Gymshark among retailers accused of hiring festive workers without basic rights

A new report has accused a number of UK retailers of hiring young “freelance” employees via hiring apps that leave them without basic employment rights. According to The Observer, Urban Outfitters, Gymshark and Uniqlo are understood to be among those carrying out such practices as they fill out staff in preparation for the festive season. Such...

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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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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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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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Uniqlo rises above global market shifts

Fast Retailing, the Japanese parent company of Uniqlo, continues to outperform in the apparel sector, defying the broader economic slowdown with its third consecutive year of record profits. The company's success is attributed to its focus on affordable basics, which remain in demand even as consumer sentiment wanes, the Financial Times said....

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Uniqlo operator lifts annual net profit forecast

Tokyo - The operator of Japan's high-street fashion giant Uniqlo on Thursday hiked its full-year net profit forecast, predicting record results despite an underwhelming performance in China. Retail behemoth Fast Retailing said it was on course to make 365 billion yen (2.26 billion dollars or 1.76 billion pounds) in the year to August, upgrading...

Fashion |In Pictures

First-year students Amsterdam Fashion Academy create upcycled designs with Uniqlo

The upcycled designs created by four groups of first-year students from Amsterdam Fashion Academy (AFA) in collaboration with Uniqlo, are currently on display at the flagship store of Uniqlo Netherlands at Rokin in Amsterdam. In June, Amsterdam Fashion Academy and Uniqlo unveiled the winning designs of their upcycling project, which the AFA...

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Uniqlo parent Fast Retailing increases half-year sales and profit

Thanks to the strong international business of its Uniqlo clothing chain, the Japanese retail group Fast Retailing Co. Ltd. was able to close the first half of the 2023/24 financial year with solid growth in sales and earnings. In light of the latest figures, the company raised its profit forecast for the full year on Thursday. However, the...