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 ...

Jul 31, 2015

Seven & I, Fast Retailing eye alliance, clothing line

Japanese retail giant Seven & I Holdings Co. and Fast Retailing Co., the operator of Uniqlo and other clothing chains, are mulling forging a comprehensive business alliance, it was learned Friday. They are aiming to meet diversifying consumer needs through the collaboration, which is ...

Jul 10, 2015

Rainy season dampens Uniqlo's sales forecast

Fast Retailing Co. raised doubt about meeting its own sales targets for Uniqlo casual wear sales in the current quarter as unseasonably cool weather dampened demand for summer items. The apparel retailer on Thursday maintained its forecast for annual profit at ¥120 billion, 9.8 ...

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. ...

Fast Retailing vows to stop abuses at garment factories

Feb 19, 2015

Fast Retailing vows to stop abuses at garment factories

Clothing empire Fast Retailing Co. says it will expand monitoring of its suppliers following complaints over labor violations and other problems. Yukihiro Nitta, in charge of corporate social responsibility at the clothing giant, said Wednesday the company’s oversight will extend to the fabric manufacturers ...

Uniqlo under fire for 'unsafe' factories

Jan 14, 2015

Uniqlo under fire for 'unsafe' factories

Clothing giant Uniqlo has come under fire for buying supplies from Chinese factories accused of putting workers at risk in dangerous conditions, with sewage on the factory floor, extremely high temperatures and poor ventilation. The claims made by a Hong Kong-based human rights group ...

Jan 9, 2015

Fast Retailing's profit beats estimates as Uniqlo sales surge

Fast Retailing Co. reported a 64 percent spike in quarterly profit after selling more Uniqlo casual wear than expected in Japan and overseas, while the weakening yen further boosted returns. Net income rose to ¥68.8 billion in its fiscal first quarter ended in November, ...