Warm winter means damp profits for Fast Retailing

Jan 7, 2016

Warm winter means damp profits for Fast Retailing

Fast Retailing Co. cut its full-year operating profit forecast as unseasonably warm weather worldwide hurt sales of winter clothes for the retailer’s Uniqlo brand of casual wear, the Yamaguchi-based company said Thursday. Operating profit will probably be ¥180 billion in the year ending August ...

Fast Retailing forecast lags estimates as U.S. losses mount

Oct 9, 2015

Fast Retailing forecast lags estimates as U.S. losses mount

Fast Retailing Co. forecast lower profits this fiscal year than analysts are expecting after losses at its Uniqlo and J Brand businesses in the U.S. hurt last year’s earnings. Net income will probably rise 4.5 percent to ¥115 billion ($960 million) in the year ...

Sep 27, 2015

New Disney park in China to bolster sales, Uniqlo chief says

Fast Retailing Co. Chairman Tadashi Yanai said Walt Disney Co.’s new park in Shanghai will help his Uniqlo casual clothing brand expand in China, shrugging off concerns over an economic slowdown in the Japanese retailer’s largest overseas market. “The opening of the Shanghai Disneyland ...

Uniqlo can't survive on bargains alone

| Aug 8, 2015

Uniqlo can't survive on bargains alone

by

Tadashi Yanai, one of the richest men in Japan, told the Wall Street Journal last week that he was “disgusted” by the video of a couple having sex in a Beijing outlet of the clothing chain Uniqlo. The video quickly went viral in China, ...

Jun 17, 2015

Hundreds of workers at supplier to Uniqlo strike over firings

Hundreds of factory workers at a Chinese supplier to Fast Retailing Co. are striking over the dismissal of some of the employees, forcing production to shut down, a labor rights group said. All of the about 900 workers at Artigas Clothing & Leatherwear Co. ...

Japan's billionaires reap windfall from BOJ's October surprise

Nov 6, 2014

Japan's billionaires reap windfall from BOJ's October surprise

The Bank of Japan’s unexpected stimulus has already made the country’s richest even wealthier, adding more than $3 billion to the four top billionaires’ net worth. Fast Retailing Co. Chairman Tadashi Yanai, Japan’s richest person, saw his fortune grow by about $2 billion in ...