Fast Retailing news and archive

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...

Business

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....

Business

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...

Business

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....

BusinessFeatured

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...

Business

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...

BusinessFeatured

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...

Business

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...

BusinessFeatured

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...

Business

Uniqlo Japan December same-store sales up 6.2 percent

December same-store sales including online sales at Uniqlo Japan increased by 6.2 percent year on year while total sales including online sales increased by 6.1 percent. The company, part of the Fast Retailing Group, said in a statement, same-store sales rose year on year in December due to strong sales of warm home clothing after the weather...

Business

Uniqlo Japan posts marginal rise in November same-store sales

November same-store sales including online sales at Uniqlo Japan, increased by 0.5 percent year on year while total sales including online sales increased by 0.8 percent. The company, part of the Fast Retailing Group, said in a statement that same-store sales rose slightly for the month of November overall after extremely strong sales in the...

FairsFeatured

In pictures: Uniqlo’s “Museum of Tomorrow” at CIIE

Japanese apparel retailer Uniqlo participated in the China International Import Expo (CIIE) for the first time this year, which took place from 5th to 10th November in Shanghai. Part of Uniqlo’s presentation was “The Art and Science of LifeWear,” Uniqlo’s LifeWear global brand exhibition, which took place in New York, Paris and London in...