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Uniqlo owner expecting big drop in China profit due to COVID restrictions

Business / Corporate Apr 14, 2022

Uniqlo owner expecting big drop in China profit due to COVID restrictions

by Rocky Swift

Fast Retailing is a bellwether for how major global retailers are being impacted by pandemic-related shutdowns in China, one of the biggest growth markets for many Western brands.

Uniqlo does a U-turn and joins global shunning of Russia

Business Mar 11, 2022

Uniqlo does a U-turn and joins global shunning of Russia

by Michael Holden, Praveen Menon and Karl Plume

The two companies had been notable standouts among major brands, saying they would continue doing business in Russia amid the imposition of massive trade and banking sanctions.

Uniqlo pressured to halt Russia sales after CEO vows to stay

Business / Corporate Mar 9, 2022

Uniqlo pressured to halt Russia sales after CEO vows to stay

by Kanoko Matsuyama

Comments defending the decision by CEO Tadashi Yanai have drawn criticism, with some social media users pushing the hashtag #BoycottUniqlo.

Uniqlo owner pledges to stay in Russia as wave of companies exit

Business / Corporate Mar 7, 2022

Uniqlo owner pledges to stay in Russia as wave of companies exit

by Kanoko Matsuyama

Fast Retailing Co., Asia’s largest retailer and parent of Uniqlo, will continue to operate in Russia.

Fast Retailing September-November net profit climbs on strong Uniqlo demand

Business Jan 13, 2022

Fast Retailing September-November net profit climbs on strong Uniqlo demand

Fast Retailing Co. said Thursday its net profit in the September to November period rose 33% from a year earlier to ¥93.59 billion ($820 million).

Japanese apparel-makers increasingly conscious of human rights

Business / Corporate Jan 4, 2022

Japanese apparel-makers increasingly conscious of human rights

Some firms are moving away from the use of cotton from China's Xinjiang region, amid claims of forced labor among its Uyghur population.

Uniqlo operator Fast Retailing posts record net profit

Business / Corporate Oct 14, 2021

Uniqlo operator Fast Retailing posts record net profit

In the 12 months to August 2021, the firm posted a better-than-expected net profit of ¥169.8 billion ($1.5 billion), up 88% on-year.

Uniqlo and Sweden keen on podium return after extending partnership

Olympics Sep 15, 2021

Uniqlo and Sweden keen on podium return after extending partnership

by Dan Orlowitz

The Nordic nation's Olympic and Paralympic teams became the first outside Japan to be supplied by the fast fashion retailer during the Tokyo Games.

France investigates Uniqlo unit and other retailers over alleged Xinjiang abuses

Business Jul 2, 2021

France investigates Uniqlo unit and other retailers over alleged Xinjiang abuses

Fast Retailing lost an appeal with U.S. customs in May after a shipment of Uniqlo men's shirts were impounded over suspected violations of a ban on Xinjiang cotton.

Cotton used for shirts blocked by U.S. not from China, says Uniqlo

Business / Corporate May 26, 2021

Cotton used for shirts blocked by U.S. not from China, says Uniqlo

The shirts were made at a plant in China using cotton procured from outside the country, the unit of Fast Retailing Co. said Tuesday.

Uniqlo made a bet on comfortable bras. Now it’s paying off.

Business / Corporate May 25, 2021

Uniqlo made a bet on comfortable bras. Now it’s paying off.

by Lisa Du and Grace Huang

The firm edged out bra specialist Wacoal Holdings Corp. last year to become the top seller of women’s intimate wear in Japan.

U.S. blocked Uniqlo shirts over Xinjiang forced-labor concerns

Business May 19, 2021

U.S. blocked Uniqlo shirts over Xinjiang forced-labor concerns

by Lisa Du

Uniqlo failed to provide enough information to establish the items were not produced in part by forced labor in China’s far west Xinjiang region, according to U.S. customs.

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