Uniqlo sister brand Gu has unveiled a new clothing venture under the name ‘Ug’, created in partnership with Undercover, the brand of Japanese designer Jun Takahashi. In a release, Gu said that Ug intends to serve as an enhanced iteration of its existing identity, elevated through the inclusion of Takahashi, who was involved in the entire...
28 Feb 2025
Fast Retailing revenue crossed 3 trillion yen, up 12.2 percent and operating profit over 500 billion yen, up 31.4 percent, while profit attributable to owners of the parent of 371.9 billion yen, increased by 25.6 percent. The company plans to offer a year-end dividend of 225 yen per share. The company said in a statement that when added to the...
10 Oct 2024
GU, the sister brand to Uniqlo and part of the Fast Retailing Group, has unveiled a collaboration with emerging luxury brand Rokh by designer Rok Hwang. Rokh, which earlier this year teamed up with Swedish retailer H&M, has collaborated with GU on an exclusive ‘Play in Style’ themed outerwear, apparel, accessories and footwear collection,...
2 Oct 2024
Fast Retailing-owned Gu has made its first solid steps into the US with the launch of an e-commerce site, app and flagship store, located in New York City. The Uniqlo sister brand had initially tested the US waters back in autumn 2022 when it opened a pop-up store, allowing it to introduce its products to new customers and thus “greatly fuel...
20 Sept 2024
Fast Retailing, the parent company of Japanese fashion retailer Uniqlo and sister brand GU, has shared additional plans for the opening of its first GU flagship store in the US. Set to open at 578 Broadway in SoHo, New York City, on September 19, the debut flagship store opening will coincide with the launch of its US ecommerce store. The new...
20 Aug 2024
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...
26 Feb 2024
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...
11 Jan 2024
In the nine months to May 31, 2023, consolidated revenue at Fast Retailing Group were 2.1435 trillion yen, up 21.4 percent year-on-year and operating profit rose to 330.5 billion yen, up 21.9 percent. Profit attributable to owners of the parent increased to 238.5 billion yen, up 0.3 percent. According to the revised estimates for FY2023, Fast...
13 Jul 2023
The Fast Retailing Group reported consolidated revenue totaling 1.4673 trillion yen, up 20.4 percent and operating profit rising to 220.2 billion yen, up 16.4 percent for the six month period. The company said in a statement that Uniqlo operations in Southeast Asia, North America, and Europe regions along with GU operation reported particularly...
13 Apr 2023
Japanese retailer GU has announced it will be opening its first store in the US, set to launch autumn 2022. The pop-up store will be located in Soho, New York, and will mark the brand’s first Western launch outside of Asia, coming as part of its further business expansion. Featured in the store will be a lineup of “on-trend” clothing and...
5 Aug 2022
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...
14 Jan 2021
The Fast Retailing Group’s revenue and profit declined in fiscal 2020. The company said in a statement that for the twelve months to August 31, 2020, consolidated revenue totalled 2.0088 trillion yen, down 12.3 percent and operating profit totalled 149.3 billion yen, down 42 percent resulting from large falls in both revenue and profit in the...
15 Oct 2020