Fashion
Fast Retailing, the Japanese parent company of clothing brand Uniqlo, has seen continued turnover growth in the third quarter. International activities have performed particularly well.
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Japanese fashion brand Uniqlo’s parent company, Fast Retailing, has posted a record first quarter profit. A huge growth in its foreign sales means they are now larger than its Japanese turnover, for the first time ever.
Tadashi Yanai opened the very first Uniqlo store in Hiroshima in 1984 and still runs parent company Fast Retailing as its CEO, but he has now announced he will step down soon when he turns 70.
In the past fiscal year, Japanese Uniqlo more than doubled its profit on the back of a 4 % turnover increase. The fashion chain forecasts international sales to soon outgrow those of Japan.
Japanese Uniqlo is planning to install vending machines in American airports and shopping centres. People can use these to buy the famous thin jacket, but also the “heat-retaining” shirt.
Fast Retailing, which owns Japanese fashion company Uniqlo, published very disappointing third quarter profit results. Turnover grew nearly 9 % but its profit failed to meet analysts’ expectations.
Japanese Fast Retailing, fashion chain Uniqlo’s parent company, has managed to drastically speed up its production cycle. From now on, it will only take thirteen days to bring a design to the stores.
Takao Kuwahara is now the official CEO for Uniqlo Europe, Comptoir des Cotonniers and Princesse Tam Tam, which means he now leads 3 of Japanese Fast Retailing's brands in Europe.
Japanese clothing chain Uniqlo announced it will head to the French city of Lille before the end of the year. The fashion company has even made a Facebook page, although it still has to reveal the exact location of the store.
