Japanese retail group Fast Retailing Co. Ltd. concluded the first half of its 2024/25 fiscal year with record sales and earnings. Given the recent surprisingly positive performance, the parent company of the Uniqlo clothing chain raised its full-year profit forecast on Thursday. In the first half, which ended on February 28, consolidated revenue...
10 Apr 2025
Japanese fashion retailer Uniqlo, part of the retail group Fast Retailing, is continuing to strategically expand its presence across the UK, with three new stores set to open in Liverpool, Birmingham and Glasgow. The move follows recent successful new store openings in Edinburgh and London and will bring the total Uniqlo store count to 23 by the...
25 Mar 2025
Japanese fashion retailer Uniqlo has been named an official partner for Tate Modern’s 25th anniversary and will host an experiential retail shop in the London gallery this summer. The Uniqlo Tate Shop will open on May 5 and run to September 16. It will feature popular Uniqlo services, such as the UTme! personalised T-shirt station and...
19 Mar 2025
In the first quarter, revenues at Fast Retailing rose to 895.1 billion yen, up 10.4 percent and business profit increased to 156.9 billion yen, up 11 percent. Operating profit for the quarter rose by 7.4 percent to 157.5 billion yen. The company is maintaining its initial estimates for FY25 of consolidated revenue of 3.4 trillion yen, up 9.5...
9 Jan 2025
A number of UK retailers have reportedly stopped using gig economy apps like YoungOnes and Temper to hire freelance retail workers after unions criticised the method. According to the Guardian, Uniqlo, Gymshark and Lush are believed to have halted the use of these apps after just a short period of time. It seems that the decisions came as a...
6 Jan 2025
A new report has accused a number of UK retailers of hiring young “freelance” employees via hiring apps that leave them without basic employment rights. According to The Observer, Urban Outfitters, Gymshark and Uniqlo are understood to be among those carrying out such practices as they fill out staff in preparation for the festive season. Such...
17 Dec 2024
Fast Retailing’s chief executive, Tadashi Yanai, has claimed that the company’s core brand, Uniqlo, does not use cotton sourced from China’s Xinjiang region in its products. Yanai addressed the concern to the BBC, to which he confirmed that the company was not utilising cotton from this district, before stating: “It gets too political if I say...
29 Nov 2024
Uniqlo Japan reported a 7.5 percent decrease in October same-store sales including online sales. The company’s total sales including online sales decreased by 5.9 percent. The company part of the Fast Retailing Group, attributed same-store sales decrease in October to persistently hot weather negatively affecting sales of winter ranges. On...
5 Nov 2024
September 2024 same-store sales including online sales increased by 22.1 percent at Uniqlo Japan, while total sales including online sales increased by 24.7 percent. The company, part of the Fast Retailing Group said in a release that same-store sales expanded significantly year on year in September on the back of strong sales of summer ranges...
2 Oct 2024
Japanese retailer Uniqlo has appointed British designer Clare Waight Keller as its creative director. Waight Keller, the former creative director for leading fashion houses, including Chloé, Givenchy, and Pringle of Scotland, will be responsible for Uniqlo’s mainline collection, including menswear, from autumn/winter 2024. The new role is an...
4 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 Japanese parent company of Uniqlo, continues to outperform in the apparel sector, defying the broader economic slowdown with its third consecutive year of record profits. The company's success is attributed to its focus on affordable basics, which remain in demand even as consumer sentiment wanes, the Financial Times said....
12 Jul 2024