Fast Retailing cuts profit outlook as pandemic hits Uniqlo sales
Fast Retailing Co. revised downward on Thursday its group net profit outlook for the year through August, from ¥100 billion to ¥85 billion ($792 million), due partly to the longer-than-expected shutdown of Uniqlo stores overseas in the wake of the novel coronavirus pandemic. The new ...
Fast Retailing chief to donate ¥10 billion for medical research
Fast Retailing Co. Chairman and CEO Tadashi Yanai said Wednesday he will donate ¥10 billion ($94 million) to Kyoto University to support its medical research under two Nobel Prize winners, Tasuku Honjo and Shinya Yamanaka. The chief of Fast Retailing, the operator of the Uniqlo ...
Casual clothing chain Uniqlo Co. unveiled to the press on Thursday its new flagship store in Tokyo's upscale Ginza shopping district, ahead of the store’s grand opening the following day. Uniqlo Tokyo, a four-story outlet conceptualized by famous designer Kashiwa Sato and refitted in an ...
Uniqlo rolls out reusable mask line as retailers adapt to virus
Uniqlo joins a constellation of businesses seeking to offer new products and services as the coronavirus pandemic upends lifestyles around the globe.
Robust sales in China keep Uniqlo owner Fast Retailing on top amid pandemic
With much of Asia having subdued the spread of COVID-19, Fast Retailing is seeing trade return to its Uniqlo stores.
Japanese firms rush to develop cooler masks as summer approaches
Inventive companies are adding tricot, xylitol and even coolant packs to masks as medical experts warn using them in hot and humid weather might cause health problems.
Fast Retailing to start selling breathable, fast-drying masks in summer
Fast Retailing Co. plans to start selling face masks in the summer to deal with the spread of the novel coronavirus, company officials said Sunday. The company changed its cautious stance on selling masks in response to strong customer needs, according to the officials. It plans ...
Fast Retailing Co. has said that domestic same-store sales at its Uniqlo casual wear chain in April fell 56.5 percent from a year before, the largest single-month drop since the company started to release data in September 1996. The plunge came as many Uniqlo stores ...
Fast Retailing sharply cuts earnings outlook due to virus outbreak
Fast Retailing Co. on Thursday sharply cut its earnings outlook for its business year ending in August as the global outbreak of the new coronavirus forced the casual clothing retailer to close most of its overseas stores in Asia, Europe and North America. In its ...
Fast Retailing closing all Uniqlo stores in U.S. amid virus spread
Fast Retailing Co. said it will temporarily close all 50 of its Uniqlo-brand casual fashion outlets in the United States starting Tuesday due to the spread of the coronavirus. The move comes after retailers including Nike Inc. and Lululemon Athletica Inc. announced similar closures as ...
Retailers are expanding outlet suspensions in China amid the unfolding coronavirus crisis, with about half of the Uniqlo apparel and Muji household goods stores there being shut. Fast Retailing Co. has closed about 370 of its 750 Uniqlo outlets in China, up from about 160 ...
Fast Retailing logs record profits on strong Uniqlo sales overseas
Fast Retailing Co. has reported record profits and sales for the fiscal year through August, propelled by strong sales at its Uniqlo Co. casual clothing brand in Asia and Oceania. The operator of the Uniqlo chain expects another the current business year to set another ...
