- Published in Fashion
With a 22 % turnover growth and a 48 % net profit increase, Japanese Fast Retailing has had a record year. Uniqlo's parent company did warn for slower growth.
American fashion company American Apparel has filed for Chapter 11, giving it breathing space to work on its restructuring program. Its debt needs to be brought down a lot.
Uniqlo has opened its first Belgian store in Antwerp today, but "additional stores in Belgium are definitely a possibility". Another step towards the ambitious COO Takao Kuwahara's goal to make the Japanese chain the world's biggest fashion chain.
Fashion designer Ralph Lauren has relinquished his position as CEO of the eponymous fashion company, but he will still be its chairman of the board and its creative director. Stefan Larsson will replace him as CEO.
American sports clothing producer Nike has had an excellent start to its fiscal year 2015/2016 as its turnover grew 14 % (in local currency) in the June-August time frame. Particularly its Chinese sales went great.