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April 30, 2024
 

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FAST FASHION

A branch of the Fast Retailing clothing brand Uniqlo in Tokyo
BUSINESS
Apr 12, 2024
Uniqlo operator upbeat on Europe and North America after Q2 profit miss
Fast Retailing left its full-year operating profit forecast unchanged at ¥450 billion.
Around 90% of China’s increased oil demand between 2021 and 2024 comes from chemical feedstocks, driven by the manufacturing of products such as those sold by fast-fashion retailers Shein and Tamu.
COMMENTARY / World
Apr 1, 2024
China's Shein and Temu are driving oil, not Toyota and GM
The cause behind recent a surge in China's oil demand is not to be found in people's transport habits, including car use, but in fast-fashion clothing.
A Zara clothing store in Brussels on November 2022. Inditex is an outlier among big clothing retailers in not publishing details of the factories from which it sources.
BUSINESS / Companies
Mar 12, 2024
Zara owner Inditex faces pressure from investors on supply chain disclosure
Regulators and investors want transparency from clothing retailers, to prove supply chains are free of forced labor and workers are paid decent wages.
Customers shop at the GU store in the SoHo neighborhood of New York. The brand's operator Fast Retailing hopes to expand its share in markets in the United States and Europe.
BUSINESS / Companies
Feb 26, 2024
Uniqlo’s sister brand GU takes aim at market in U.S. and Europe
International sales made up more than half of Uniqlo’s revenue in the latest fiscal year, GU has mostly only flourished domestically.
As their popularity grow, Shein and Temu together send almost 600,000 packages to the U.S. every day.
BUSINESS / Companies
Feb 22, 2024
Rise of fast-fashion Shein and Temu roils global air cargo industry
Their pursuit of limited air-cargo space to woo consumers with rapid transit times make off-peak seasons almost disappear and cause capacity shortages.
A Uniqlo store in Shanghai, China. The clothing chain's operator Fast Retailing announced last year that it expected to open 80 stores in China and roughly 60 new stores each year in Southeast Asia, India and the Australian region.
BUSINESS / Companies
Feb 9, 2024
Fast Retailing’s peer-beating 48% jump may extend on global push
Uniqlo owner has become one of the top performers among 10 other clothing companies worldwide that have a market value exceeding $10 billion.
Uniqlo's Round Mini Shoulder Bag on sale at a store in London
BUSINESS / Companies
Jan 16, 2024
Uniqlo sues Chinese fast-fashion rival Shein to defend hit bag
Fast Retailing joins rival Hennes & Mauritz in suing Shein for copyright infringement in Hong Kong where litigation has been underway since 2021.
Fast Retailing, the operator of Uniqlo stores, says strong overseas sales drove a 25% rise in first quarter operating profit.
BUSINESS / Companies
Jan 12, 2024
Uniqlo operator Fast Retailing's Q1 profit soars on strong overseas sales
Profit was ¥146.7 billion ($1.01 billion) in the three months through November compared with ¥117.1 billion a year earlier.
Workers organize used clothing for packaging at a warehouse near Barcelona on Aug. 1.
ENVIRONMENT / Climate change
Dec 7, 2023
How to fix the carbon crisis in fast fashion
Positive partnerships between brands and manufacturers are crucial for the sector to achieve its net-zero goals.
Chinese fast-fashion upstart Shein has excelled with its offering of $9 hoodies and other bargain-basement apparel.
BUSINESS / Companies
Dec 7, 2023
Amazon targets Shein with fee cuts for cheap apparel sellers
Rare move by U.S. e-commerce giant shows its intent of muscling into Chinese fast-fashion upstart's territory.
People walk past the booth of fashion retailer Shein during the first China International Supply Chain Expo (CISCE) in Beijing on Tuesday.
BUSINESS / Companies
Nov 29, 2023
Shein’s IPO plan to fuel scrutiny over cotton and China roots
In addition to fighting skeptics, Shein is also locked in a battle with rival Temu
Pedestrians and shoppers walk past a branch of fashion retailer H&M in central Stockholm on July 17.
BUSINESS / Companies
Nov 9, 2023
Sustainable cloth-maker Renewcell struggling amid slow adoption
Stock in Renewcell lost over 80% of its value in the last month and the firm has reported an operating loss of $17 million in nine months.
A Uniqlo store in Shanghai
BUSINESS / Companies
Oct 12, 2023
Fast Retailing's annual profit rises 28% to fresh record
Profit was ¥381.1 billion ($2.56 billion) in the 12 months through August compared with ¥297.3 billion, the previous all-time high, a year earlier.
Uniqlo's first Indian store, in New Delhi, in October 2019
BUSINESS / Companies
Oct 6, 2023
Uniqlo owner scouts for more Indian partners after 60% sales jump
The Japanese apparel giant is currently working with over 20 sewing factories and mills in India.
A clothing packaging warehouse near Barcelona last month
BUSINESS / FOCUS
Sep 1, 2023
Fast fashion firms prepare for EU crackdown on waste mountain
Fast fashion, or making and selling cheap clothes with a short lifespan, is "highly unsustainable," the European Commission said in July.
The Shein logo at the company's office in Singapore in 2022. The company, which sells $7 dresses and $5 home goods in more than 150 countries, has moved its headquarters to Singapore but manufactures most of its products in China.
BUSINESS / Companies
Aug 29, 2023
U.S. states ask SEC to confirm Shein complies with labor rules
The request adds to pressure on Shein as China hawks in Congress target Chinese firms that do not align with U.S. foreign policy goals.
An installation for The North Face Moon Parka, which uses a Spiber-produced protein material
ENVIRONMENT / Sustainability / OUR PLANET
Aug 6, 2023
A Japanese startup is using biotech to ‘brew’ greener fashion
Fashion has a huge environmental impact, and Spiber thinks its products can help curb the industry's footprint.
Fast fashion concept. Woman chooses jeans in a store. Lots of clothes in the store. Fast Fashion Destroying Planet
LIFE / Language / BILINGUAL
Jul 21, 2023
Fashion, fast and slow: Discussing shopping ethics in Japanese
Whether it’s a trendy top from a chain store in Shibuya or a vintage piece from the backstreets of Kichijoji, know how to shop with a mind to sustainability in Japanese.
Clothes displayed at Shein’s headquarters in Singapore
BUSINESS
Jul 21, 2023
Fast fashion report cards show what’s really in your clothes
Consumers’ drive for quantity over quality is transforming the world’s textile industry, sparking an almost doubling in global fiber production over the past two decades.
Japan Times
BUSINESS / Companies
Jul 13, 2023
Uniqlo owner posts record Q3 profit and raises forecast on China recovery
Fast Retailing has 925 Uniqlo outlets in mainland China — more than in Japan — making it a bellwether for a retail market that was hammered by tough COVID-19 restrictions.
When will Japan intervene to support the yen?
Finance Minister Shunichi Suzuki has reiterated the government's readiness to take an appropriate action as the yen continues to slide against the U.S. dollar.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Raising kids in Japan as a single parent? It takes a village.
Making things work as a foreign, single mother in Japan isn't easy, but these tips and tricks can help you through the hardest parts.
Yen rebounds strongly after first slide past ¥160 since 1990
The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.

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