NEWSWORTHY
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 ...
Uniqlo operator Fast Retailing nominates founder Tadashi Yanai's two sons to board
Fast Retailing Co. nominated its billionaire founder's two sons to the board of the Uniqlo operator, but their father insists neither is slated to take over his post, at least for now. After Asia's largest clothing retailer announced the nomination of Kazumi and Koji Yanai, ...
Fast Retailing Co., operator of the Uniqlo casual clothing chain, said Thursday its group net profit rose 29.8 percent to a record ¥154.81 billion ($1.38 billion) in the year through August thanks to strong sales at home and abroad. The company said its group operating ...
Going against a global trend, Japan lags on boardroom diversity: study
The "old boys club" in the boardroom is alive and well — and most prevalent among the biggest Japanese and Chinese companies. French businesses meanwhile offer the most gender diversity on their boards of directors, according to a Bloomberg analysis of the boards of the ...
Uniqlo finds success abroad, downplays trade war risk
Fast Retailing Co. shares climbed the most since January on signs that the retailer's steady expansion in overseas markets, now headlined by the face of Roger Federer, is bearing fruit even in the face of risks from an escalating trade dispute. The Uniqlo operator drew ...
Fast Retailing Co., operator of the Uniqlo casual clothing chain, said Thursday its consolidated net profit for the nine-month period through May rose 23.5 percent from a year earlier to ¥148.3 billion ($1.3 billion), driven by strong sales at home and abroad. The retailer said ...
Uniqlo operator Fast Retailing hikes annual forecast 13% on growth in Asia
Fast Retailing Co. on Thursday raised its full-year profit forecast by 13 percent on the back of robust growth across Asia, as the owner of clothing chain Uniqlo continues to chase the top spot in global apparel sales. Asia's biggest clothing retailer now expects operating ...
Fast Retailing to open first Uniqlo shop on Indonesia's Sumatra Island
Fast Retailing Co., Japan's leading casual wear chain operator, will open a Uniqlo brand shop on Sumatra Island, its first outlet outside Indonesia's most populous main island of Java. The shop will open Friday at the Sun Plaza shopping mall in Medan, in the northern ...
With his U.S. scholarships for Japanese students, tycoon Tadashi Yanai could do better
Tycoon's fund is accused of giving help to those who don't need it when it could instead be altering more destinies.
Uniqlo opens its doors to job-seeking asylum-seekers at home and abroad
Fast Retailing Co., the parent company of major retailer Uniqlo, has put out the welcome mat for Japan's small number of recognized refugees, offering job opportunities for some who might dream of careers in fashion or sales. Even so, for most refugees, language barriers and ...
