Fast Retailing news and archive

Sluggish sales at Uniqlo Japan impact Fast Retailing’s Q1 profits

The Fast Retailing Group revenue rose but profit fell in the first quarter of fiscal 2019, or the three months November 30, 2018. Consolidated revenue reached 644.4 billion yen, up 4.4 percent year-on-year and operating profit reached 104.6 billion yen, down 8.1 percent year-on-year. The company said, while Uniqlo International continued to...

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Uniqlo Japan November sales drop by 4.4 percent

November 2018 same-store sales including online sales at Uniqlo Japan, a part of Fast Retailing Group, decreased by 4.3 percent year on year while total sales including online sales decreased by 4.4 percent. The company attributed the decline in same-store sales in November to persistently warm weather, weakening demand for winter clothing....

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Fast Retailing uses AI for improved customer service

Japan’s capital expenditure boom is changing the country’s services sector, taking self-checkout systems and software mainstream. This shift has raised some concerns about the country’s valued sense of hospitality – a commitment called ‘omotenashi’. As pinpointed by Reuters, socio-economic factors such as the population’s aging (working-age...

ManagementFeatured

Fast Retailing reports rise in annual revenues and profit

The Fast Retailing Group, for the twelve months to August 31, 2018, reported consolidated revenue of 2.1300 trillion Japanese yen, up 14.4 percent year-on-year and operating profit of 236.2 billion Japanese yen, up 33.9 percent year-on-year. The company attributed this strong performance to a significant revenue and profit increase at Uniqlo...

CultureFeatured

The Art and Science of Lifewear: Uniqlo debuts exhibition in Paris

Interested in learning more about the technology behind Uniqlo’s knitwear? The Japanese casual apparel brand, best known for its cashmere items, is holding its very first exhibition in Paris, titled “The Art and Science of Lifewear: Creating a New Standard in Knitwear”. Set to run until September 29 at Galerie Nationale du Jeu de Paume, the...

ManagementFeatured

Fast Retailing (Uniqlo) acquires a minority stake in French brand Lemaire

Uniqlo and French label Lemaire have grown even closer. The Japanese conglomerate Fast Retailing, which owns Uniqlo, has announced the acquisition of a minority stake in Lemaire. The news comes after the launch of two collaborative collections, in 2015 and 2016, and the appointment of Christophe Lemaire, one of the label’s co-founders, to the...

Management |ANALYSIS Featured

Uniqlo’s parent group enjoys 30.5 profit jump in 6 months

Japanese fashion retailer Fast Retailing Group saw its profit soar 30.5 per cent in the six months to the end of February. Over the period sales went up by 16.6 percent. The parent group of Uniqlo and GU brands said consolidated revenue totalled 11.05 billion dollars while operating profit reached 1.587 billion dollars. In the six months to...

ManagementFeatured

Fast Retailing H1 revenue increases 16.6 percent

The Fast Retailing Group generated rises in both revenue and profit in the first half to February 28, 2018. Consolidated revenue rose to 1.1867 trillion Japanese yen or 16.6 percent year-on-year and operating profit reached 170.4 billion Japanese yen (1.59 billion dollars), rising 30.5 percent. The consolidated gross profit margin improved by...

Retail

Fast Retailing to launch Uniqlo in Sweden

Uniqlo has plans to go full-speed ahead by opening a new store in Sweden, a move that would put them in rival H&M's home market. The brand plans to launch its first store in Stockholm this fall. This would mark Uniqlo's entrance into the Nordic market. Uniqlo is famous for its Heat Tech technology, which will have excellent appeal to consumers...

ManagementFeatured

Fast Retailing posts 38.6 percent profit rise, revenues up 4.2 percent

For the financial year from September 1, 2016 to August 31, 2017, the Fast Retailing Group’s consolidated revenue totalled 1.8619 trillion Japanese yen (16 billion dollars), a rise of 4.2 percent, while operating profit reached 176.4 billion Japanese yen (1.57 billion dollars), a rise of 38.6 percent. The company’s profit before income taxes...

ManagementFeatured

Fast Retailing reports rise in revenue and profit

The board of directors of Fast Retailing said that the company generated rises in both revenue and profit in the first nine months of fiscal 2017, with consolidated revenue totalling 1,477.9 billion Japanese yen (13 billion dollars) , up 3 percent and operating profit reaching 180.6 billion Japanese yen (1.5 billion dollars), up 23.9 percent...

ManagementFeatured

Fast Retailing H1 operating profit increases 31.5 percent

Consolidated operating profit for the first half of fiscal 2017 expanded 31.5 percent to 130.6 billion yen (1.19 billion dollars) at the Fast Retailing Group. Revenue increased 0.6 percent year on year to 1.0175 trillion yen. Revenue at Uniqlo Japan increased by 0.3 percent to 455.1 billion yen (4.1 billion dollars), while operating profit rose...