Fast Retailing news and archive

Uniqlo Japan April sales jump by 20.3 percent

April same-store sales including online sales at Uniqlo Japan increased by 18.9 percent year on year while total sales including online sales increased by 20.3 percent. The company, part of the Fast Retailing Group, said in a release that same-store sales increased driven by strong sales of summer ranges and other items which were supported by...

BusinessFeatured

Uniqlo parent Fast Retailing increases half-year sales and profit

Thanks to the strong international business of its Uniqlo clothing chain, the Japanese retail group Fast Retailing Co. Ltd. was able to close the first half of the 2023/24 financial year with solid growth in sales and earnings. In light of the latest figures, the company raised its profit forecast for the full year on Thursday. However, the...

Business

Uniqlo Japan reports decline in March same-store sales

In the month of March same-store sales including online sales at Uniqlo Japan decreased by 1.5 percent year on year while total sales including online sales increased by 1 percent. The company, part of the Fast Retailing Group, said in a release that same-store sales contracted in March as sales of spring items struggled to gain momentum in the...

Retail

Uniqlo to open new Oxford Street store in April

Japanese high street brand Uniqlo will open its newest flagship store in Central London on April 18th. The Fast Retailing-operated company will open a 1,300 square meter store across two floors in the West End, offering it signature LifeWear clothing for women, men, kids, and babies, along with collaborations with JW Anderson and Clare Waight...

Business

Uniqlo posts February same-store sales growth of 7.2 percent

February same-store sales including online sales increased by 7.2 percent at Uniqlo Japan, while total sales including online sales increased by 9.3 percent. The company, part of the Fast Retailing Group, said in a statement that same-store sales increased in February as rising temperatures from the middle of the month boosted demand for spring...

Retail

Fast Retailing eyes up expansion for GU in US and Europe

Fast Retailing, the parent company of Uniqlo, has set its sights on expanding the presence of its sister label GU in the United States of America and Europe as part of its broader aim to become a global retailer, achieving 10 trillion yen (66.3 billion USD) in annual sales. As Asia's largest apparel producer, Fast Retailing believes that GU can...

Business

Uniqlo Japan posts 2.3 percent rise in January sales

January 2024 same-store sales including online sales at Uniqlo Japan increased by 0.4 percent, while total sales including online sales increased by 2.3 percent. The company, part of the Fast Retailing Group, said in a statement that owing to higher-than-usual temperatures throughout the month, same-store sales expanded slightly in January on...

Business

Uniqlo's parent company files lawsuit against Shein over plagiarised shoulder bag

Fast Retailing, the parent company of Uniqlo, is filing a lawsuit against fast fashion giant Shein. The Chinese e-tailer allegedly copied Uniqlo's popular shoulder bag. Fast Retailing is demanding immediate cessation of sales of the imitated product and compensation for damages suffered by the company. Fast Retailing filed the complaint on 28...

BusinessFeatured

Uniqlo International boosts Q1 results at Fast Retailing

In the first quarter of FY2024, consolidated revenue at Fast Retailing rose to 810.8 billion yen, up 13.2 percent and operating profit increased to 146.6 billion yen, up 25.3 percent. Uniqlo Japan revenue of 244.4 billion yen, rose 1.5 percent, while operating profit of 46.5 billion yen increased by 18 percent. The company said in a statement...

Business

Uniqlo Japan December same-store sales drop by 15.4 percent

December same-store sales including online sales decreased by 15.4 percent at Uniqlo Japan. The company’s total sales including online sales decreased by 14.1 percent during the month under review. The company, part of the Fast Retailing Group, attributed same-store sales decline in December to persistently warm weather throughout the month...

Retail

Uniqlo to open over 20 new stores in North America in 2024

Uniqlo is set to accelerate its growth across North America in 2024 as the Japanese retailer outlines its updated retail strategy for the upcoming year. Expanding its retail presence in both the Eastern and Western regions, Uniqlo plans to double its current store openings in the US and Canada, with more than 20 new locations set to open in...

Business

Uniqlo Japan November same-store sales up 10 percent

November same-store sales including online sales at Uniqlo Japan increased by 10 percent year on year, while total sales including online sales increased by 11.7 percent. The company, part of the Fast Retailing Group, attributed the same-store sales increase in November to colder weather from the latter part of the month boosting sales of winter...