Uniqlo news and archive

Higher tax on apparel in India puts pressure on domestic and foreign fashion brands

Based on a Reuters report, global fashion brands are concerned about a new tax reform in India that will increase taxes on apparel priced above Rs 2,500 (approximately 29 dollars). The reform, considered the biggest tax overhaul in eight years by Prime Minister Narendra Modi's government, will cut the Goods and Services Tax (GST) to 5 percent on...

Retail

Uniqlo expands to South India, eyes Rs 3000 crore in revenue in three years

Uniqlo, the popular Japanese apparel brand, has officially opened its first store in Bengaluru, marking its entry into South India. The new location at Orion Mall was inaugurated by cricketer Rahul Dravid alongside Uniqlo India officials. The brand's expansion into Bengaluru is part of an ambitious strategy to significantly grow its presence in...

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Uniqlo names Cate Blanchett as global brand ambassador

Actress Cate Blanchett is joining tennis star Roger Federer as a global brand ambassador for Japanese apparel retailer Uniqlo, part of the Fast Retailing group. In a statement, Uniqlo said it will be working with the Oscar, BAFTA, and Golden Globe-winning actress to promote the humanitarian and environmental efforts of the company to “advance...

Retail

Uniqlo to open more stores in Canada

Japanese apparel retailer Uniqlo is continuing to expand its retail footprint in Canada with the announcement of further stores this autumn, including its first in Victoria, British Columbia. Uniqlo opened its first store in Canada in Toronto in 2016 and now has 33 stores across the country. This autumn, the Japanese retailer will be adding its...

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Business

Lectra analysis: Navigating volatility in the global fashion industry

The global fashion industry is currently grappling with significant uncertainty in 2025, with only one in five sector leaders anticipating an overall improvement this year. This instability is driven by a confluence of factors, including consumer confidence reaching its lowest levels since the pandemic, a reduction in discretionary spending, and...

RetailPress Release

UNIQLO Announces First Store in Bengaluru

UNIQLO, the Japanese global apparel retailer, today announced the launch of its first store in Bengaluru, known as the "Silicon Valley of India.” Opening on 29 August, 2025 at Orion Mall, Brigade Gateway, the new store will bring UNIQLO LifeWear to Bengaluru customers - high-quality, thoughtfully designed clothing for everyday life. The new...

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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...

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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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Business

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...