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 International, and significant increases in both revenue and profit of GU casual fashion brand. The consolidated gross profit margin decl
Fast Retailing continues to push sustainability, and its latest effort is aimed at single-use plastic, particularly carry bags. The parent of Uniqlo revealed today that it aims to reduce the use of unnecessary plastic throughout its supply chain, beginning with single-use plastic handed to shoppers in the form of bags and product packaging. The goal is to cut such usage by 85 percent, or 7,800 tons a year, by the end of 2020. Shoppers instead will receive eco-friendly paper b
Fast Retailing’s Uniqlo chain may have seen months of strong sales until now but it seems that in Japan at least, October was a less happy month. On Friday, the company said that its like-for-like sales plummeted by 10%, as did its total sales figure. That’s unusual given that those total sales include its online turnover and even in tough times, e-tail operations can often rise enough to push the overall company into positive territory.
With October rapidly becoming a nigh
Retail analyst Edited has put together a break down of Uniqlo’s strategy for success. According to Edited’s findings, Uniqlo is the world’s third largest retailer, behind only Zara and H&M. And Uniqlo doesn’t fit into the typical fast fashion models as Zara and H&M do. Rather, Uniqlo focuses on sustainability and moderate product offerings. The retailer is valued at 7 billion dollars and has ambitious expansion plans ahead, such as a plan to double its number of stores in Sou
Fast Retailing, which operates the popular Japanese clothing retailer Uniqlo, said on Tuesday it was teaming up with logistics company Daifuku Co in a global strategic partnership aimed at delivering products faster to customers. The logistics company Daifuku has agreed to help automate Fast Retailing's Ariake warehouse in Tokyo, which the Japanese retailer opened in 2016 to cut down on inventory management and production lead times, and to bolster its online business.
Japanese fashion retailer Uniqlo announced last week that it will open four new Canadian stores this fall, including three in the Greater Toronto Area (GTA) and one in the Greater Vancouver Area. The largest new Uniqlo will open in the GTA at Vaughan Mills, with a sales floor of more than 20,000 square feet. The other two stores in the GTA will open at CF Markville and Square One Shopping Centre, and will measure approximately 15,000 square feet.
Meanwhile, the newest sto
Japanese fashion retailer Uniqlo is set to boost its business in Southeast Asia, one of its key growth markets, as it announces plans to open a global flagship store in the Philippines. The 4,100 sq mt destination will be the largest Uniqlo store in the country and the region, replicating a format that has been previously unveiled in New York, London, Paris, Ginza and Singapore.
Only 11 markets around the world feature Uniqlo global flagship stores, a number that marks the
Japanese casual apparel brand Uniqlo announced on Friday that it will open its first store in Hawaii at Honolulu’s Ala Moana Center, one of the US’s largest malls, in fall 2018. The store will cover approximately 17,300 square feet spread over two floors and offer the brand’s menswear, womenswear and kids lines, all informed by the concept of LifeWear: Uniqlo’s commitment to creating quality, affordable apparel that meets customers’ everyday needs.
“Uniqlo is honored to op
If President Donald Trump follows through on his promise to "buy American," he may end up driving some foreign-owned retailers out of the US altogether, if recent remarks by the president of the Japanese clothing giant Fast Retailing are any indication. When asked by members of the Japanese media on Wednesday for his thoughts on Trump's ideas for trade and manufacturing, Tadashi Yanai was steadfast in his opposition. One sticking point for Yanai was the possibility of a manda
Uniqlo owner Fast Retailing is to speed up its fashion supply to stores in a bid to overtake powerful rival, Inditex-owned Zara. Fast Retailing plans to shorten the time it takes from design to delivery to about 13 days, roughly the same as Zara, Uniqlo’s owner Tadashi Yanai said at the company’s new design and delivery centre in Tokyo. The new complex will also help Uniqlo expand direct-to-consumer, custom-clothing sales and improve the efficiency of its same-day delivery in
Uniqlo is launching a Beauty and the Beast Collection Monday, inspired by upcoming release of the Disney movie. The $17.3 billion Japan-based fashion retailer with 1,800 stores around the world, said its Beauty and the Beast Collection will offer styles and patterns worn in the film by the heroine, Belle. The line includes a blouse, a long shirt, a tunic and T-shirts reflecting what Belle and other characters in the story wear in the movie. Uniqlo also said the collection is
Uniqlo said Tuesday that it will open its first store in Spain this fall, located on the prestigious Paseo de Gracia in Barcelona. The country will become the 19thglobal market for the Japanese fast-fashion retailer, and the sixth market in Europe. “Entering Spain is an important milestone in the expanding global business of Uniqlo, and we are very excited to launch in Barcelona,” said Tadashi Yanai, chairman, president and chief executive of Uniqlo’s parent company, Fast Re
Casual clothing chain Uniqlo is preparing to enter the Canadian market, with dates set for the opening of its first two stores in Toronto. The brand, which is owned by Japan's Fast Retailing, yesterday (24 August) said it will open its first Canadian store on 30 September in the CF Toronto Eaton Centre. The second location will follow on 20 October in the city's Yorkdale Shopping Centre. "We are very excited to launch Uniqlo in Canada and introduce our LifeWear – innovative,
Casualwear giant Uniqlo has launched its first global ad campaign to build brand awareness, particularly in the US market where it still lacks visibility and scale. The campaign, which debuted Monday, includes brand and product-related films encouraging people to consider their attitudes towards clothing by asking, “Why do we get dressed?” Parent Fast Retailing’s president of global creative John Jay said the campaign was authentic to Uniqlo’s origin by producing a global mes
Japan casualwear giant Uniqlo is reportedly scaling down its smaller US stores, having “quietly” closed five units since January. According to the New York Post, the Fast Retailing-owned brand will be concentrating on larger stores in bigger metropolitan areas. The report says Uniqlo has closed five suburban shopping mall stores in Danbury, Connecticut; Cherry Hill, New Jersey; Willow Grove, Pennsylvania; Northridge, California; and Staten Island, which was open less than thr