Uniqlo news and archive

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...

Retail

Uniqlo raises UK staff pay by 7 percent

Uniqlo has reportedly announced that it will be increasing the wages of its UK retail staff by 7 percent alongside the introduction of new employee benefits. For store employees, hourly pay will therefore increase from the current 11.40 pounds to 12.15 pounds, while London-based staff will see an uptick from 12.40 pounds to 13.15 pounds,...

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...

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...

Fashion

Uniqlo launches collection in partnership with Tate Modern

Japanese high street giant Uniqlo has unveiled a "Curated by Tate" 2024 Spring/Summer Collection, marking the inaugural collaboration between the Fast Retailing-owned company and Tate Modern museum. Rooted in the ethos that "Play is for everyone," the LifeWear collection showcases four vibrant artworks embodying the spirit of play. Available...

Fashion |In Pictures

Uniqlo extends partnership with the Tate

Uniqlo is extending its partnership with the British modern and contemporary art gallery Tate Modern to launch a new collection of graphic T-shirts. Based on the concept ‘play is for everyone,’ the ‘Curated by Tate’ LifeWear collection will feature four “striking, bold pieces of artwork that embody the spirit of play”. The range, which marks the...

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...

Retail

Uniqlo drops prices in bid to be a high street leader

A key element of Uniqlo’s growth strategy is providing consistent quality at more affordable prices. In the UK, where shoppers are grappling with price increases across various consumer services and product sectors, Uniqlo has lowered prices for items such as cashmere sweaters, merino wool pieces, and hoodies. With 17 stores operating across the...

Fashion |In Pictures

First Look: Marimekko reunites with Uniqlo for New Year collection

Finnish design house Marimekko has unveiled a new limited-edition collaboration with Japanese apparel retailer Uniqlo, which will launch in early 2024. Described as a capsule collection celebrating “warm, joyful dressing for a vibrant New Year,” the collaboration combines Marimekko’s art of printmaking with Uniqlo’s LifeWear everyday clothing....

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...

RetailFeatured

High street fashion brands are rethinking their store portfolio

Last month, Zara unveiled its largest store yet, a colossal 9,000-square-meter fashion haven in the Dutch city of Rotterdam. The premises, formerly a C&A department store unit, underwent a transformation into a mega-brand experience as parent company Inditex adjusts its international store footprint strategy. Similar XL destinations can be found...