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

Oct 8, 2015

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

Fast Retailing Co. forecast lower profit 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


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, ...

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. ...

Apr 24, 2015

Fast Retailing mulling delivery tie-up with Lawson

Fast Retailing Co., operator of the Uniqlo casual clothing chain, is in talks with convenience store operator Lawson Inc. for a tie-up in delivery services, aiming to expand its sales network, company officials said Friday. Asia’s biggest clothing retailer would start a new service ...

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 ...