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 ...
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 ...
