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Tag: fast retailing

  • Chanel Acquires France’s Oldest Shirtmaker Charvet

    Chanel Acquires France’s Oldest Shirtmaker Charvet

    French luxury fashion house Chanel acquired France’s oldest shirtmaker Charvet in July. Sibling co-directors Jean-Claude and Anne-Marie Colban continue to lead the heritage brand from its long-standing boutique on Place Vendôme in Paris, offering classic tailored shirts and ties.

    The move comes alongside milestone anniversaries and executive transitions across independent fashion labels. British brand YMC is celebrating 30 years since its first collection, with creative director Sage Toda-Nation directing design alongside co-founder Jimmy Collins after joining in 2024 following the death of co-founder Fraser Moss.

    Wholesale Networks and Direct Market Entry

    In retail, South London store Suntosons launched in 2025 under founder Keita Hiraoka, formerly of Beams Japan and Trunk, while in Southeast Asia, former Mall Group executives founded retail venue Friend Friend in summer 2025 inside Bangkok’s Emporium shopping mall.

    South Korean fashion exports have gained commercial traction across Tokyo and Shanghai, helped by consumer demand for unisex silhouettes and neutral palettes. Direct market entry allows brand owners to retain higher gross margins compared to pure wholesale distribution, which often discounts unsold seasonal inventory through third-party stockists.

    Mass Market Scale and Regional Supply Chains

    At the top of the market by volume, Fast Retailing’s Uniqlo is projecting annual sales of 3.9 trillion yen, equivalent to 20.8 billion euros, keeping pace with global fast-fashion operators Inditex and H&M Group. The Japanese retailer is using functional outerwear, including padded blousons with checked linings, to anchor seasonal volume across its Asian store network.

    Independent designers across the region are also integrating domestic textile manufacturing into global wholesale networks. Seoul-based designer Jiyong Kim, an LVMH Prize semi-finalist in 2024 who trained at Louis Vuitton and Lemaire, supplies Dover Street Market in Singapore and Paris, 10 Corso Como in Seoul, and GR8 in Tokyo with sun-weathered and light-responsive fabrics.

    Repurposing Mall Real Estate in Southeast Asia

    Retail formats in Southeast Asia are shifting space away from conventional department store layouts toward multi-use commercial hubs. In Bangkok, retail venture Friend Friend opened inside a converted car park at The Mall Group’s Emporium shopping complex at 622 Sukhumvit Road.

    Former Mall Group executives Suchada Peanpiriya, Worapun Sinakhom and Tanchanok Thitisaksakul established the venue in 2025, mixing workshops, food service and lifestyle merchandise. The floor plan stocks local ceramics from Bangkok’s Aoon Pottery alongside Sekisaka tableware from Japan and Kent hairbrushes from Britain, demonstrating how mall operators are converting underutilised square footage to drive foot traffic.

    Niche Manufacturing and Technical Commuter Lines

    Specialist Asian apparel makers are targeting functional categories to build export niches. In Japan’s Tokai region, Gifu-based commuter brand Ketta developed cycle-ready formalwear, adding cuff fasteners to suit trousers to prevent gear snags during urban commutes.

    Cross-border production partnerships are supporting this technical shift. Japanese label Comoli paired with Italian outerwear house Ten C, overseen by Federico Melchioli, to manufacture a nine-piece black collection blending Japanese flannel with humidity-responsive jersey textiles. In South London, former Beams Japan buyer Keita Hiraoka founded appointment-only showroom Suntosons in 2025, contracting garment factories in Japan to produce heavyweight denim fatigue jackets for European buyers.

    Commercial landlords and multi-brand buyers across Shanghai and Tokyo are now reviewing autumn order books as Recto finalises its opening retail locations in both territories.

  • Uniqlo Expands in Queensland with 777-Square-Metre Sunshine Plaza Store

    Uniqlo Expands in Queensland with 777-Square-Metre Sunshine Plaza Store

    Uniqlo will open its first store on Queensland’s Sunshine Coast on October 15, anchoring a 777-square-metre space at Sunshine Plaza. The site introduces the Japanese apparel brand’s full LifeWear lineup to the coastal region across men’s, women’s, children’s and baby categories.

    The store features an updated layout alongside digital interactive elements designed to streamline foot traffic and product discovery. It will also sell exclusive UT graphic T-shirts developed with a local Sunshine Coast artist.

    Regional Expansion Across Australia

    Satoshi Naito, chief operating officer of Uniqlo Australia, said the location reflects how the brand adapts its physical format as it broadens coverage outside core metropolitan centres. The Sunshine Coast site extends the retailer’s footprint beyond Brisbane and the Gold Coast, capturing population shifts toward regional commercial hubs.

    This store represents the evolution of Uniqlo in Australia, offering not only our full range of LifeWear essentials, but also a dynamic and interactive shopping experience that reflects our Japanese roots and global vision.

    Fast Retailing continues to push Uniqlo into regional Australian shopping centres where stable domestic spending balances volatile tourist footfall. By securing mid-sized formats under 1,000 square metres, the retailer limits inventory holding costs while maintaining full product category presentation.

    Shifting Demographics and Suburban Leases

    Shopping centre landlords across Queensland face heightened competition for reliable international fashion tenants as departmental store footprints shrink. Securing Uniqlo at Sunshine Plaza gives the asset a resilient traffic driver capable of drawing everyday basics shoppers from across the Maroochydore catchment.

    Rival international fast-fashion operators face higher pressure to refresh regional mall presences. Where competitors rely heavily on rapid turnover trends, Uniqlo’s core staple strategy provides steady sales volumes, though managing supply chain distribution to non-metro sites introduces minor freight overheads.

    Building on Decade-Long Groundwork

    The Sunshine Coast rollout follows a major reinvestment phase across Australia’s eastern seaboard. Late last year, the company reopened its refurbished Emporium Melbourne flagship after extensive works, marking ten years since Uniqlo entered the Australian retail sector.

    Trading begins at the Sunshine Plaza location on October 15, with trading hours and regional footfall performance over the fourth quarter set to inform further outer-metro site selections across Queensland.

  • Uniqlo Rolls Out Life Wear Week in Singapore for Fall/Winter 2026

    Uniqlo Rolls Out Life Wear Week in Singapore for Fall/Winter 2026

    Uniqlo rolled out Life Wear Week across its Singapore stores in September 2026, tying local promotions to its global Fall/Winter launch. The campaign spanned the island. It featured in-store installations, consumer styling sessions, and tiered gift-with-purchase incentives for apparel shoppers.

    Activations supported the retailer’s ‘Modern City Feelings’ theme, aimed at urban shoppers tracking digital fashion trends. The Japanese chain built the campaign around social media’s role in spreading local city styles across borders.

    Localizing global seasonal campaigns

    Paulene Ong, marketing director of Uniqlo Singapore, led the islandwide drive. The rollout paired physical floor displays with local wardrobe advice. That helped pull shoppers into stores during the seasonal changeover.

    Apparel retailers in Southeast Asia face a clear challenge with autumn and winter lines. Tropical climates do not require heavy cold-weather coats for daily wear. To counter this, Uniqlo focused its Singapore displays on lightweight layering, versatile city travel pieces, and functional innerwear for local commuters and regional travellers.

    The shifting mechanics of city retail

    This push reflects a wider operational shift across Southeast Asian hubs. Rather than relying solely on standard regional distribution, global fast-retailing brands now use experiential marketing, tailored visual merchandising, and timed gifts to lift basket sizes.

    Competitors across Singapore and Malaysia have also expanded experiential floor space to protect margins against online pure-plays. For mall landlords, interactive setups like styling sessions boost repeat visits and keep shoppers in flagship stores longer.

    What to watch across the network

    Parent company Fast Retailing continues to expand Uniqlo’s Southeast Asian footprint. It uses gateway markets like Singapore to test consumer response to global collection themes before widening regional promotions. Core LifeWear lines remain crucial to keeping up sales momentum across the regional fleet.

    Attention now shifts to sell-through rates for the Fall/Winter 2026 assortment across Southeast Asia as year-end travel demand builds toward the fourth quarter.

  • Fast Retailing Names James Kelly as Global CEO of Theory

    Fast Retailing Names James Kelly as Global CEO of Theory

    Theory appointed James Kelly as its global chief executive officer, elevating the former Fast Retailing executive after two years in senior leadership at the New York-based fashion brand.

    Kelly takes over from Dinesh Tandon, who led the label globally since 2019 and now returns to run Theory China while serving as global co-chief operating officer alongside Serena Peck.

    Leadership reshuffle across two labels

    In his new post, Kelly assumes oversight of both Theory and sister label Helmut Lang. His remit covers global headquarters functions, commercial operations and international expansion.

    Kelly joined Theory in 2022 as chief financial officer before stepping into the global co-chief operating officer role. Prior to that, he spent years inside Japanese parent group Fast Retailing, where he directed store network expansion for Uniqlo across the United States and Canada.

    Sharpening focus on Asian retail operations

    Splitting global commercial control while sending Tandon directly back to helm China operations shows how Fast Retailing is organizing its premium brands around Asian retail demand. Putting an experienced operator on the ground in China gives the Japanese group closer operational control over store productivity, concession partnerships and local inventory allocation in a highly competitive market.

    For competing contemporary fashion labels across East Asia, the management shift signals an aggressive push from Fast Retailing to scale its higher-margin portfolio. Theory provides Fast Retailing with access to affluent office workers who want technical tailoring, a segment where traditional European designer labels face margin pressure at entry-level price points.

    Two decades under Japanese ownership

    Andrew Rosen and Elie Tahari founded Theory in New York in 1997, building the brand on stretch-fabric tailoring and contemporary workwear. Japanese licensee Link International acquired the company in 2003, and Fast Retailing took full ownership of the business in 2009.

    Link Theory Holdings had previously purchased Helmut Lang from Prada Group in 2006, creating the high-end apparel pillar that sits alongside Fast Retailing’s mass-market Uniqlo and GU banners.

    Commercial execution to watch

    Retail observers will track Tandon’s store rollout and comparable-sales performance across mainland China’s department store network, alongside Kelly’s progress in turning Helmut Lang into a steady profit generator.

  • Uniqlo to Double Japanese Flagship Count to 20 in Ten-Year Strategy Shift

    Uniqlo to Double Japanese Flagship Count to 20 in Ten-Year Strategy Shift

    Uniqlo will double its network of Japanese flagship stores to roughly 20 locations over the next decade as parent Fast Retailing pivots away from standard shopping mall outlets.

    The apparel group currently runs about 10 flagship or flagship-equivalent premises across domestic city centres, anchored by 3,000-square-metre destinations in Tokyo’s Ginza and Osaka’s Umeda districts. Future domestic openings will focus on major regional hubs such as Nagoya and Sapporo alongside central Tokyo retail corridors, targeting local foot traffic and spending from inbound foreign tourists.

    “Every major city in Japan needs a flagship store,” Fast Retailing chairman and chief executive Tadashi Yanai said. He added that the group sees little value in opening conventional stores that function solely as transaction counters.

    Demographic pressures reshape store networks

    As of late May, Uniqlo operated 785 retail locations across Japan. That count reflects an 8 per cent drop from its peak of roughly 850 outlets in August 2013, following years of flat domestic store numbers.

    A shrinking domestic population and the rise of digital commerce have forced the company to rethink its physical footprint. Stores in Japan now operate less as basic distribution points and more as brand showrooms where customers handle garments and interact with services before buying across omnichannel channels.

    Exporting the Western retail model

    The domestic overhaul mirrors Fast Retailing’s recent playbook in Europe and the United States, where it secured historic buildings and prominent high-street addresses. Those two Western regions together account for nearly 20 per cent of total group revenue and have delivered double-digit sales growth since the pandemic.

    RetailNews Asia views this as a clear signal that the era of aggressive suburban store expansion in mature Asian markets is over. Just as department stores in regional Japan have retreated, fast-fashion operators must concentrate capital into higher-yielding, destination-scale flagships that can capture international tourism spend while digital channels absorb routine replenishment sales.

    Fast Retailing is also preparing to apply this revised large-format strategy to its broader store networks across Southeast Asia and mainland China over the coming fiscal years.

  • Uniqlo Plans 20 Urban Flagship Stores Across Japan over Next Decade

    Uniqlo Plans 20 Urban Flagship Stores Across Japan over Next Decade

    Fast Retailing plans to expand Uniqlo’s flagship store network in Japan to around 20 locations over the next decade. The apparel group is shifting capital away from standardised suburban shopping centres to focus on multi-storey urban showpieces in prime metropolitan districts.

    The strategy alters the retail footprint that built Uniqlo into Japan’s dominant clothing chain. For decades, the brand expanded by opening uniform formats along roadside corridors and inside suburban shopping complexes across provincial prefectures. Future capital expenditure will prioritise high-traffic urban centres designed to deliver higher sales density and elevated brand visibility.

    Shifting capital from roadside formats

    Standard suburban outlets offer limited scope to show the brand’s full product range or create distinctive customer experiences. Flagship formats allow the group to display complete seasonal collections, test specialty service concepts, and handle heavier transaction volumes per square metre.

    Across Asian retail markets, apparel groups face maturing domestic suburban populations and rising store operating overheads. Flagship locations in transit hubs capture both regular daily commuters and high-spending international tourists, delivering better returns on lease costs than distributed suburban networks.

    New locations and tourist hubs

    Uniqlo currently runs global flagship stores in Tokyo’s Ginza district and Osaka’s Umeda commercial hub. Future openings under the revised 10-year plan will target prime retail corridors in Nagoya and Sapporo, along with additional high-footfall central Tokyo districts such as Shibuya.

    The urban rollout begins in western Japan, with Uniqlo scheduled to open its first global flagship store in Kyoto in November.

  • Uniqlo to Open First Kyoto Global Flagship Store on Kawaramachi-Dori

    Uniqlo to Open First Kyoto Global Flagship Store on Kawaramachi-Dori

    Uniqlo will open its first global flagship store in Kyoto on 6 November. The new site replaces the retailer’s existing Kyoto Kawaramachi shop, which is currently its largest location in the city.

    Located on Kawaramachi-dori, central Kyoto’s primary shopping boulevard, the new store trades on a strip packed with major retail complexes and heavy pedestrian traffic from both domestic shoppers and international tourists. Fast Retailing plans expanded sales floors at the location to carry its full LifeWear apparel range alongside interior features drawn from Kyoto’s traditional craft culture.

    Upgrading Prime Street Footprints

    Upgrading an existing high-street location to flagship status mirrors Fast Retailing’s broader store strategy across key Asian metros. Rather than multiplying smaller satellite outlets in secondary suburban hubs, the apparel group concentrates capital into dense, high-visibility corridors where large-format stores capture heavy tourist footfall.

    Flagship formats in major Japanese tourist cities serve a dual commercial purpose. They generate steady baseline trade from residents while reinforcing brand awareness for inbound visitors who shop the label across greater Asia, Europe, and North America.

    Focus on Inbound Travel Hubs

    Kawaramachi-dori serves as Kyoto’s main commercial artery, linking central rail transit to the city’s key retail and hospitality zones. Replacing the older Kawaramachi shop provides Uniqlo with modernized floor space built to handle heavy transaction volumes during peak travel periods.

    The company scheduled the launch for 6 November, positioning the expanded sales floors to trade directly into Kyoto’s busiest autumn tourism weeks.

  • Fast Retailing Marks Historic Milestone: First Japanese Retailer To Hit 1 Trillion Yen In Domestic Sales

    Fast Retailing Marks Historic Milestone: First Japanese Retailer To Hit 1 Trillion Yen In Domestic Sales

    Fast Retailing, the parent company of Uniqlo, has made history as the first Japanese clothing company to achieve domestic sales of 1 trillion yen. In the fiscal year ending in August, Uniqlo’s domestic sales increased by 10% to approximately 1.03 trillion yen, equivalent to $6.98 billion. By the end of August, Uniqlo had 784 stores in Japan, the first of which opened its doors in Hiroshima 41 years ago. These impressive domestic sales figures encompass revenue from physical stores, online sales from the brand’s e-commerce site, and 10 franchise locations.

    Fast Retailing’s sales have seen a marked uptick since the fiscal year of 2022, thanks to a series of store and product overhauls. Over the past five years, the company has shuttered 30 stores across Japan. At the same time, the average sales floor space per store has been expanded by 10%, allowing for a broader product display and stirring up customer demand. This strategy resulted in a 13% rise in average sales per store.

    Innovative Business Approach

    Among the company’s operational triumphs was the launch of the ‘Management Cockpit’ platform. This platform gathers product reviews from the online store and customer feedback from the support center. This data is then leveraged to enhance existing products, create new merchandise, and generate demand forecasts.

    The introduction of the platform has allowed Fast Retailing to swiftly manufacture in-demand products, consequently reducing the time from production to sale. Additionally, the platform helps to prevent an oversupply of items by cutting production of those with low demand.

    Future Projections

    Looking at the broader picture, Fast Retailing’s consolidated sales revenue is projected to grow by 10% to 3.4 trillion yen by fiscal year 2025. Net profit is also expected to rise by 10%, setting a new record at 410 billion yen.

    Currently, Fast Retailing holds the third position in the global apparel industry in terms of sales, trailing behind H&M in second place and Inditex, the parent company of Zara, in the top spot.

    Questions & Answers

    What sales milestone has Fast Retailing recently achieved?
    Fast Retailing has become the first clothing company in Japan to reach 1 trillion yen in domestic sales.

    What strategies has Fast Retailing used to boost their sales?
    Fast Retailing has increased the average sales floor space in their stores by 10% and introduced the ‘Management Cockpit’ platform to gather data and improve their product offering.

    What are Fast Retailing’s projections for future sales and profits?
    Fast Retailing anticipates its consolidated sales revenue will grow by 10% to 3.4 trillion yen in FY25, with a net profit increase of 10% to a record 410 billion yen.

  • Fast Retailing’s Uniqlo to add stores in North America

    Fast Retailing’s Uniqlo to add stores in North America

    According to one of its executives, fast Retailing’s Uniqlo plans to expand its existing stores in North America by 10 percent.

    Uniqlo is opening six stores — four in the US and two in Canada — this summer as part of its expansion plan to reach more than 200 locations in North America by 2027. The company hopes to open 20 to 30 stores each year as a part of the goal.

    The US stores, which will be located in malls in two California locations, Maryland and New Jersey, are in areas where the chain already has a presence.

    The two Canadian stores opening in Ottawa and Calgary — the first Uniqlo locations in those cities — each total 15,000 square feet (1,393.55 square meters).

    Each of the new stores will be equipped with self-checkout kiosks, in-store pickup and free clothing alterations.

    Fast Retailing reported a 16.4 percent rise to US$1.65 billion in first-half operating profit earlier this month. The company also raised its full-year profit forecast to $2.7 billion from$2.63 billion.

    Daisuke Tsukagoshi, Uniqlo North America chief executive, said in an email to Reuters that the chain chose to launch the Ottawa and Calgary stores after seeing a “strong online presence” there.

    The Tokyo-based retailer currently has 47 stores in the US and 16 locations in Canada.

    “We’re looking to locations where we have already seen high customer demand, as well as new markets that we see opportunity in,” Tsukagoshi added.

    Tsukagoshi said that localizing product offerings in the US’s various regions has been “challenging” as shoppers deal with different climates and experiences.

    He said Uniqlo is in a “unique position” to open stores in the current economic environment as shoppers trade down and turn to accessible pricing for essential styles.

    Uniqlo has gained popularity in the US for its relatively low pricing including women’s t-shirts for $14.90 and men’s zip-up jackets for $39.90.

    According to its website, Uniqlo currently has 1,028 stores in Greater China and 79 in Europe.

    For comparison, Gap Inc boasts more than 2,100 stores, including Old Navy and the Gap brand, in the US alone. However, the company plans to close approximately 350 Gap and Banana Republic locations by the end of 2023.

    According to the retailer’s website, Sweden’s fast fashion giant H&M has more than 738 stores in North and South America as of February 2023.

  • Uniqlo clothes plans to produce from recycled materials by 2030

    Uniqlo clothes plans to produce from recycled materials by 2030

    Uniqlo owner Fast Retailing says its clothes will be made of 50% recycled materials by 2030 as it works toward its goal of carbon neutrality by 2050.

    The goal was announced on Thursday along with other sustainability targets and follows an announcement in February that Fast Retailing is shooting for carbon neutrality by 2050.

    Currently, about 15% of the polyester the apparel maker uses comes from recycled PET bottles. The company says it will start with synthetic fibers such as rayon and nylon as it begins to raise its garments’ recycled materials ratio.

    Fast also articulated its carbon emissions reduction plan toward 2030. In its own operations, the company intends to reduce these emissions by 90% from 2019 levels.

    Improving energy efficiency at its stores will be key as the stores account for the majority of the company’s total emissions. Fast aims to emit 40% less from its roadside stores and 20% less from its stores inside malls.

    It will accelerate its stores’ switch from electricity to renewable energy sources. Currently, 64 Uniqlo stores in nine European countries run on renewable energy. All stores in North America and some in Southeast Asia will follow suit and complete the switch by the end of this fiscal year ending next August, the company said.

    Fast also aims to encourage companies along its supply chain to reduce their emissions. Among its raw material providers and sewing factories, it is shooting for a 20% cut in emissions by 2030, based on 2019 levels.

    It will consider granting financial support to help factories invest in facilities.

    The fashion industry is widely considered the world’s second most polluting industry.

    Fast Retailing Director Koji Yanai told reporters that the company will reduce waste by improving the accuracy of its production volume forecasts and by reforming its logistics operations. It expects these steps to help it sell out of what it makes.

    The casual apparel maker will also collect more used clothes. Yanai said the company hopes to launch a collection service that utilizes the delivery personnel involved in bringing orders to customers’ doors. In Yanai’s vision, when a new jacket is delivered, the customer will be able to hand the driver an old jacket.

    Fast also plans to collaborate more with manufacturers in other industries, including carmakers and building material producers. It and material maker Toray will set up a research facility in 2022 that will specialize in the circulation of apparel and new material development.

    Other apparel brands are moving in the same direction. Patagonia, a U.S.-based maker of outdoor clothing, intends to make its garments with all recycled materials by 2025. Swedish fast-fashion giant Hennes & Mauritz has a 2030 goal for all of its clothing to be made of either recycled or sustainably sourced materials.

    Compared with other brands, Fast’s target is relatively lackluster. “We’re putting our customers first and presenting this as the maximum number our brand can commit to,” Yanai said. “We do not consider our target low.

    “From now on, people will evaluate what kind of responsibility each brand is trying to fulfill after selling clothes.”

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  • Uniqlo owner Fast Retailing forecasts profit recovery as pandemic abates

    Uniqlo owner Fast Retailing forecasts profit recovery as pandemic abates

    Japan’s Fast Retailing expects continued recovery in sales and profits in the year to August 2022 as the pandemic abates, the owner of clothing brand Uniqlo said on Thursday.

    The company said it expects operating profit to climb 8.4% to 270 billion yen ($2.4 billion) in fiscal 2021-22.

    For the year ended in August, it reported 249 billion yen in operating profit, topping the 245.7 billion forecast in a Refinitiv poll of 13 analysts.

    “Vaccinations are being carried out all over the world to control the spread of the disease, and the economy is growing in earnest,” chief executive Tadashi Yanai told reporters.

    Fast Retailing expects the pandemic will still drag on results in the first half of the fiscal year but will then recover in the second half as shopping habits return to normal.

    The company said it expects some negative effects from production or logistic delays, problems that have plagued major clothiers and their global supply lines in recent months.

    In September, Fast Retailing said The company said in late September that its clothing releases will be delayed due to COVID-19 lockdowns at partner factories in Vietnam some clothing releases would be delayed due to pandemic-related lockdowns at partner factories in Vietnam.

    That followed crises in Myanmar and China that upset supply lines and created reputational challenges.

    Fast Retailing halted operations at some partner facilities in Myanmar as a military coup led to social unrest and lockdowns. In China, the company and other foreign brands faced a customer backlash over criticisms of alleged human rights abuses in Xinjiang province.

    Fast Retailing operates about 800 Uniqlo stores on the Chinese mainland, about the same number as in Japan.

    Yanai said the company carried out regular inspections of production sites and had built up a team to improve monitoring of how it gets raw materials for its clothes.

    “In the future, we will ensure a higher level of traceability of the materials we procure, including the farmers who produce the raw goods,” Yanai said.

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  • Fast Retailing bullish about recovery as Asian expansion pays off

    Fast Retailing bullish about recovery as Asian expansion pays off

    Uniqlo father or mother Fast Retailing might have reported a 12-per-cent drop in gross sales in its full-year outcomes, however, that decline was far lower than predicted as not too long ago as July as a result of the Greater China and Japanese markets recovered at a sooner rate than anticipated.

    The firm reported full-year revenue of US$1.426 billion, down 42 percent, on gross sales of $19.185 billion worldwide.

    Same-store annual gross sales throughout Uniqlo shops declined by 6.8 percent in Japan, whereas fourth-quarter gross sales in Greater China have been up 20 percent yr on yr.

    In South Korea, the place the corporate has been impacted by a broad boycott of Japanese manufacturers by native customers for the final yr or so, gross sales fell sharply and Fast Retailing recorded a loss, regardless of closing its poorest-performing shops.

    Elsewhere, gross sales and revenue have been down throughout most of Southeast Asia and in Australia and India, however, Singapore, Malaysia, Thailand, and Australia recovered favorably within the fourth quarter. Losses have been reported in each North America and Europe.

    Sales by the GU model rose 3 percent for the yr, however working revenue was down by 22.5 percent.

    Looking ahead

    Given the quick recovery to this point for the reason that peak of the Covid-19 pandemic in Asia-Pacific, Fast Retailing is now projecting a 9.5-per-cent enhance in total income for the 2021 fiscal yr and revenue attributable to shareholders of $1.58 billion, which might characterize a rise of 82.6 percent on the yr simply ended.

    Revenue is predicted to say no within the first half as a result of persevering with the effect of Covid-19, “but we forecast large revenue and profit gains in the second half assuming the virus is brought under control,” the corporate stated in its outcomes announcement. “All business segments are forecast to generate full-year revenue and profit gains.”

    Quick revenue

    During the final monetary yr, Fast Retailing has continued its expansion into new markets, opening the primary Uniqlo in Milan in September final yr, the primary in New Delhi a month later, and making its Vietnam debut in Ho Chi Minh City in December.

    “While all those markets were impacted by Covid-19, Uniqlo Italy managed to post a full-year profit, and the Vietnam operation, which was only launched in December, turned a profit in the second half.”

  • Uniqlo sales performs well globally, not in hometown

    Uniqlo sales performs well globally, not in hometown

    Fast Retailing Group has reported a decline in revenues for Uniqlo Japan against broader successes internationally in its first quarter. A sharp profit decline on sluggish sales of seasonal ranges during a warm winter in Japan has given rise to disappointing results in the Uniqlo brand’s home territory. Uniqlo Japan posted revenues of ¥246.1 billion (US$2.27 billion), a decrease of 4.3 per cent year on year, with first-quarter profit before taxes of ¥111 billion ($1.03 billion), down 5.7 per cent; and profit attributable to owners of the parent firm of ¥73.4 billion ($678.4 million), down 6.4 per cent. Online sales expanded favourably in the market, however, showing an increase of 30.9 per cent.

    Uniqlo International saw an operating profit far exceeding that of Uniqlo Japan, with revenues at ¥291.3 billion (2.69 billion) up 12.8 per cent. Uniqlo Greater China and Uniqlo South Korea both reported higher sales and profits despite the dampening effect of the warm winter. Uniqlo Southeast Asia & Oceania continued to report significant revenue and profit gains.

    The report said Fast Retailing’s consolidated business estimates for the financial year ending August 31 remain unchanged from the initial forecasts released last October, predicting an 8 per cent expansion in revenue and 14.3 per cent increase in operating profits.

  • Order now, deliver later by GU fashion

    Order now, deliver later by GU fashion

    A brand-new store opened last week in Tokyo’s Harajuku fashion district but it has a twist: shoppers are meant to walk away empty-handed. The GU Style Studio store, opened by Asia’s largest clothier and Uniqlo operator Fast Retailing Co., is for customers to try apparel and place orders online for later delivery.

    They can also try out extra services, such as playing with clothing combinations on a virtual mannequin and creating a digital avatar.

    Although the notion of showcase shopping has been around for a while, and remains somewhat popular in Europe, such stores have usually been reserved for electronics, household items and knick-knacks.

    Seldom has the idea been ported over to the clothing sector. But, as the rise of e-commercethreatens to upend the global retail industry, apparel makers are experimenting with new ways of selling clothes.

    “Among large specialty chain retailers, Fast Retailing has one of the most developed digital strategies,” said Dairo Murata, an analyst at JP Morgan Securities. “They are doing it all in-house, and it allows them to be more competitive.”

    The line separating online and offline storefronts is becoming blurrier as e-commerce moves into physical locations and brick-and-mortar retailers shift online.

    That’s resulted in new shopping experiences such as Amazon’s Prime Wardrobe, which sends boxes of clothing to customers to try on, letting them send back what they don’t like.

    GU isn’t the first to open a try-on store; Inditex SA’s Zara also temporarily opened a look-and-buy outlet in Tokyo’s Roppongi district this year.

    GU has steadily grown into a key pillar of Fast Retailing’s business, accounting for about 10 percent of revenue in the latest fiscal year. It has almost 400 stores across Asia, mainly in Japan, Taiwan and mainland China, and is known for being more affordable and more fashion forward than its bigger sibling, Uniqlo.

    The GU brand has also historically been more experimental with technology, being the first in Fast Retailing’s portfolio to introduce RFID tags and self-checkout.

    In 2017, a futuristic digital store popped up in the city of Yokohama with screens on shopping carts recommending various clothing combinations as people walked through the store.

    JP Morgan’s Murata said GU’s new Harajuku outlet could be a template for rolling out smaller shops in cities that don’t have space to store inventory. He said it could be applied to Uniqlo as well. But Osamu Yunoki, GU’s chief executive officer, said the company hasn’t decided whether to adopt the concept for Fast Retailing’s other brands, or other conventional GU stores carrying inventory.

    Shoppers at the new GU store can scan QR codes attached to clothes to bring up purchase links on their phones, and are also encouraged to test clothing combinations on a virtual mannequin on a separate app. Cameras placed in the store capture can also be used to create a virtual avatar of shoppers, although the resemblance was unconvincing.

    The store is able to collect and use data on how customers are shopping, such as what items customers are scanning into their phone, which clothing they try on and whether they purchase it or not. That could serve an important function for Fast Retailing’s efforts to automate its entire supply chain.

    “That kind of data from customers can be connected immediately to product development and manufacturing plans,” Yunoki said.

    At the same time, he said, the company is trying to offer something new for shoppers.

    “We’re fusing the in-store experience and e-commerce to offer a fun and convenient experience,” Yunoki said. “Harajuku isn’t just for shopping, it’s also a place where fashion is created. We’d like to use our customer’s creations as a stimulus for developing new types of fashion.”

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  • GU to Open Next-Generation Store “GU STYLE STUDIO”

    GU to Open Next-Generation Store “GU STYLE STUDIO”

    Japanese casualwear retailer GU will open a “next-generation” Style Studio in Harajuku this month, merging physical retail and advanced technologies. The studio will feature digital signage and a style creator app in the high-end retail district of Tokyo for the Fast Retailing-owned fashion brand.

    A spokesperson for the brand indicated the store will bridge online and in-store shopping and “will offer a new type of personalised fashion experience, enabling customers to discover outfits that perfectly match their individual style, using the innovative technology of the GU Style Creator Stand” and the accompanying app.

    Customers can check out the suitability of garments by having them digitally fitted on a personalised avatar of themselves based on a photo taken in the store. The avatar can be used as a basis to try and develop new styles.

    The store will open on November 30.

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