Fast Retailing news and archive

Princesse tam tam and Comptoir des Cotonniers stores attract buyers

Several potential buyers have shown interest in acquiring a portion of the stores and employees of Princesse tam tam and Comptoir des Cotonniers, though none of the offers include the brands themselves. Both brands, which belong to the Japanese retail giant Fast Retailing, were recently placed in administration. The offers were initially...

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Princesse tam tam and Comptoir des Cotonniers placed in administration

Paris - The crisis continues in French ready-to-wear. Lingerie brand Princesse tam tam and clothing brand Comptoir des Cotonniers have entered administration. AFP learned this on Wednesday from a source close to the matter. Struggling for several years, these two brands have found it difficult to withstand "a market context that has not...

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Princesse Tam Tam and Comptoir des Cotonniers file for receivership

Paris - French ready-to-wear brands Princesse Tam Tam and Comptoir des Cotonniers filed for receivership on Friday, a source close to the matter told AFP on Monday, confirming information from the specialist website Fashion Network. These two brands, specialising in lingerie and womenswear respectively, belong to the Fast Retailing France group,...

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Uniqlo defends decision to remain in Russia

The parent company of Japanese casualwear giant Uniqlo on Monday defended a decision to keep Russian stores open even as rivals Zara and H&M suspend operations in the country following its invasion of Ukraine. Tadashi Yanai, president of Uniqlo operator Fast Retailing, said the conflict should not deprive people in Russia of clothing, a basic...

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Uniqlo same-store sales drop by 19.2 percent in June

June same-store sales including online sales at Uniqlo Japan decreased by 19.2 percent year on year while total sales including online sales decreased by 17.3 percent. The company, part of the Fast Retailing Group, said in a statement, same-store sales declined significantly in June compared to the unusual strong performance in June 2020....

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Uniqlo Japan posts slight decline in May same-store sales

May 2021 same-store sales including online sales at Uniqlo Japan decreased by 0.6 percent while total sales including online sales increased by 3.6 percent. The company, part of the Fast Retailing Group, said in a statement that same-store sales dipped slightly because while fewer stores were temporarily closed for business due to the Covid-19...

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Uniqlo Japan posts April same-store sales growth of 84.5 percent

April 2021 same-store sales including online sales increased by 84.5 percent at Uniqlo Japan, part of the Fast Retailing Group. The company said, total sales including online sales increased by 92.1 percent. The company added that same-store sales rose considerably year on year in April compared to a much weaker period in the previous year....

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Fast Retailing reports 22.9 percent increase in H1 profit

The Fast Retailing Group reported a decline in revenue but a large jump in profits in the first half of fiscal 2021 with consolidated revenue totalling 1.2028 trillion yen, down 0.5 percent and operating profit rising to 167.9 billion yen, up 22.9 percent. The company said in a release that rise in profit can be attributed primarily to large...

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Uniqlo Japan February same-store sales up 0.4 percent

February 2021 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, increased by 0.4 percent year on year while total sales including online sales increased by 1.3 percent. The company said in a statement that same-store sales rose year on year in February on the back of strong sales of products designed to...

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Fast Retailing unseats Inditex in terms of market capitalization for the first time

The parent group of Uniqlo has unseated Inditex for the first time in history, rising to the title of the world’s largest retailer by market capitalization after closing the sessions on Monday and Tuesday, exceeding 100 billion dollars in value on the stock market. The value of Fast Retailing, the Japanese company that owns the fast fashion...

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Uniqlo Japan posts 1.8 percent growth in January sales

January 2021 same-store sales including online sales at Uniqlo Japan increased by 2 percent, while total sales including online sales increased by 1.8 percent. The company, part of the Fast Retailing Group, said in a statement, same-store sales rose year on year in January due to consistently cold weather throughout the month as well as strong...

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Fast Retailing: Q1 revenue declines but operating profit up 23.3 percent

Consolidated revenue at Fast Retailing, totalled 619.7 billion yen, down 0.6 percent year-on-year, while operating profit totalled 113 billion yen, up 23.3 percent year-on-year driven by large increases in profit from Uniqlo operations in Japan and Greater China including Mainland China, Hong Kong and Taiwan, as well as rising profit and a...