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 ...
Fast Retailing Co., the operator of the Uniqlo casual apparel chain, says it will produce clothes made from used plastic bottles in cooperation with Toray Industries Inc. The fashion retailer will put the items on sale in next year's spring-summer season, mainly targeting eco-conscious consumers, ...
Uniqlo operator partners with U.N. agency in bid to improve working conditions in Asia
Fast Retailing Co. said Wednesday it is partnering with the U.N.'s International Labour Organization to improve conditions for workers in Asia, in its latest push to ensure labor protection in countries where social security systems are underdeveloped. The operator of Uniqlo casual clothing stores will ...
Billionaire Uniqlo founder Tadashi Yanai wants a woman to succeed him
Tadashi Yanai, Fast Retailing Co.’s 70-year-old billionaire founder, said he would prefer to be succeeded by a woman, adding it would be better for Asia’s largest retailer. "The job is more suitable for a woman," Yanai, the chief executive officer behind clothing giant Uniqlo, said ...
Cloudiest Tokyo summer in 129 years leaves Japan's retailers hurting
The unusually long and cool rainy season has dampened demand for apparel, furniture and other goods, with some retailers reporting steep drops in sales of merchandise.
Uniqlo operator apologizes for saying South Korea boycott won't last long
Japan's largest clothing maker Fast Retailing Co. issued an apology on its Korean website for remarks that angered Korean customers amid the trade spat between Japan and South Korea. At its earnings news conference on July 11, the Uniqlo owner's chief financial officer Takeshi Okazaki ...
Fast Retailing Co. said Thursday its group net profit in the nine months to May rose 7.0 percent from a year earlier to ¥158.67 billion, its highest for the period, supported by growing overseas sales of its Uniqlo-brand casual clothing. The company said its group ...
Uniqlo, GU brand's Fast Retailing says 460,000 online accounts were accessed in Japan hack
Users’ personal information, purchase history and parts of credit card numbers may have been accessed, the Tokyo-based retailer said.
Fast Retailing cuts profit estimate as slowing Uniqlo sales in Japan offset brisk business abroad
Fast Retailing Co. said the brisk performance of its Uniqlo casual clothing brand in overseas markets helped lift the group's profits in its first half, but the firm also downgraded full-year estimates due to slowing sales at home. For the six months through February, its ...
Uniqlo operator Fast Retailing blames warm winter for surprise profit decline
Uniqlo operator Fast Retailing Co. Ltd. reported an unexpected decline in quarterly profit on Thursday, blaming warm weather for hurting winter clothing sales even as its Chinese business shrugged off concerns of a decelerating economy. Uniqlo has become Asia's biggest clothing retailer, helped in part ...
A brand-new store opened in Tokyo's Harajuku fashion district on Friday, walls lined with clothes, shoes and handbags — and with a twist: shoppers will walk away empty-handed. The GU Style Studio store — opened by Fast Retailing Co., Asia's largest clothier and the operator ...
Faced with worker shortage, Japan reshapes its legendary hospitality
Japan's capital expenditure boom is shifting to the services sector, stirring fears that self-checkout systems and software will take the human touch out of omotenashi, the country's vaunted commitment to hospitality. The economic forces at work are undeniable. The working age population is forecast to ...
