Uniqlo news and archive

Uniqlo parent Fast Retailing raises its forecast for 2025/2026

On Thursday, Japanese ready-to-wear giant Fast Retailing, the parent company of Uniqlo, raised its profit and revenue forecasts for its 2025/26 fiscal year. The company cited robust profits for the September-November period and a turnaround in the Chinese market. The Japanese apparel giant had achieved its fourth consecutive year of record...

Fashion

Fast Retailing appoints Francesco Risso as creative director of GU

Fast Retailing Group has announced the appointment of Francesco Risso as creative director of GU. In his new role, Risso will define GU’s creative direction as it enters its next phase of growth, the Japanese apparel conglomerate stated in the press release. His debut collection for the brand is scheduled for autumn/winter 2026. Alongside his...

Retail

Major retailers plan US store growth for 2026: A comprehensive overview

Despite widespread store closures anticipated at the start of 2026, it isn’t all doom and gloom for the US retail industry. In fact, many players still see significant market opportunities, driven by brand acquisitions, robust consumer demand, and a push to capture greater market share. As a result, some are planning ambitious, in some cases...

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Business

Cheap clothing imports, high-quality material exports: figures reveal Japan's fashion industry

In recent years, Japan's apparel market has consistently fallen short of the nine trillion yen level seen before Covid-19. One reason for this phenomenon is the labour shortage in the textile industry. The average annual income in the textile sector is 5.81 million yen, which exceeds the wider industry average. However, textile wages remain more...

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Business

Fast Retailing shares: analysis of a global apparel giant’s performance

Tokyo-based Fast Retailing Co., Ltd., a global leader in the apparel retail sector and the parent company of the prominent Uniqlo brand, continues to assert its position as a major force in the global fashion industry. This analysis follows the announcement of the company's fiscal year 2025 results, which marked the fourth consecutive year of...

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Business

Uniqlo's global expansion drives strong financial results for Fast Retailing

Fast Retailing, the parent company of Uniqlo, reported strong financial results for the year ended August 31, 2025, with revenue rising to 3.4 trillion yen (22.26 billion dollars), up 9.6 percent year-on-year and profit attributable to owners of the parent expanding to 433 billion yen, an increase of 16.4 percent. This marks the fourth...

Retail

Uniqlo continues UK expansion, confirms three new store openings

Japanese apparel giant Uniqlo is continuing to double down on the UK market with the confirmation of three new store openings in the region. The first location, due to open October 16, will be at Birmingham’s Bullring Shopping Centre, where it will span three floors across which a full range of women’s, men’s, kids and babywear will be offered....

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Business

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...

People

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...