Uniqlo's parent company said Thursday its nine-month net profit soared nearly 70 percent from a year earlier on robust sales and as a cheaper yen inflated the value of its overseas assets. Fast Retailing's net profit came in at ¥120 billion ($1 billion) in the ...
In the face of acute labor shortages, a number of businesses have adopted four-day workweeks while others considering the option in a bid to attract personnel by offering more diverse ways to work. Retailers and parcel delivery service companies are leading the way, with one ...
Uniqlo operator Fast Retailing Co.'s second-quarter profit surged as Asia's largest clothing chain accelerated its overseas expansion. Operating income gained about 80 percent to ¥42.1 billion in the three months through February, based on first-half earnings the clothing retailer released Thursday. That compares with the ...
Stocks lost ground on the Tokyo Stock Exchange on Tuesday amid a wait-and-see mood prior to key events with potential implications for the market. The 225-issue Nikkei average shed 49.85 points, or 0.27 percent, to finish at 18,307.04. On Monday, the key market gauge lost ...
Fast Retailing Co. Chairman Tadashi Yanai caved in to reality and scrapped his 8-year-old target for the Uniqlo casual-wear owner to hit ¥5 trillion ($48 billion) in annual sales by fiscal year 2020. The billionaire, who wants to make Fast Retailing the world's largest seller ...
Casual clothing chain Uniqlo is taking its biggest chance in Southeast Asia. The unit of Fast Retailing Co. is opening a store on Singapore's ritzy Orchard Road that will have 2,700 sq. meters of shopping space on three floors. The store will be Uniqlo's largest ...
Japan's discount-seeking shoppers drove some retailers into the red last quarter as an uncertain economic outlook persuaded consumers to tighten their purse strings. Supermarkets and clothing stores will probably cut prices more to spur sluggish sales, which caused Aeon Co., the nation's biggest retailer by ...
The surprise departure of Nikesh Arora, heir apparent at SoftBank Group Corp., highlights a problem many Japanese companies face: passing the reins to a successor. SoftBank founder Masayoshi Son, 58, said Tuesday he wants to remain at the helm of the company he built from ...
Fast Retailing Co., the operator of Uniqlo casual wear chain stores, welcomed about 400 new recruits with an initiation ceremony at its Tokyo office Wednesday morning, holding the event about a month ahead of the April 1 date common for most major Japanese firms. As ...
Do not underestimate your abilities, make sure to set high goals, and be persistent in striving to achieve them — these are just some of the bits of advice billionaire Tadashi Yanai gives to people who want to become successful business managers. College students and ...
Japan should be doing more to help with the global catastrophe of asylum seekers, the head of the U.N. refugee body said. Antonio Guterres, the United Nations High Commissioner for Refugees, told reporters in Tokyo on Wednesday that he was discussing the problem with Japanese ...
Uniqlo Co. and Toray Industries Inc. agreed Tuesday on another five-year strategic partnership, with the aim of achieving business transactions worth ¥1 trillion between the two companies. Over the next five years, they will facilitate globalization to increase manufacturing and digitization to optimize production processes. "We ...
