Tag: uniqlo

  • Uniqlo Japan sales down

    Uniqlo Japan sales down

    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.

  • Uniqlo opens Manchester flagship, expands beyond London

    Uniqlo opens Manchester flagship, expands beyond London

    Japanese retail chain Uniqlo is expanding its store network internationally, announcing the opening of its latest store in the UK. Opening in the city of Manchester, Uniqlo is returning the British city after leaving Manchester back in 2004, not long after it entered the UK market. Uniqlo revealed the news this week on its Instagram: “Uniqlo Manchester – opening spring 2019. Tokyo heads up North. Register for updates on our Manchester store opening at the link in bio.”

    The post also gave location details, revealing the store is slated for Manchester Arnadale at 57 Market Street. The address is the former-space of closed down UK retail chain BHS, which shuttered on Market Street in August 2016, after 35 years of service on the city’s main shopping strip.

    The new store will occupy a 22,690 square feet and will sell Uniqlo’s full range of core items for men, women and kids, as well as jeans and t-shirts.

    The retailer said that the expansion north of London was an important step in its UK growth.

    “The launch of Uniqlo in Manchester represents another major milestone for us in the UK, as we continue to expand our presence in this important market for the company worldwide,” Uniqlo chief executive Taku Morikawa said.

    “We are very excited to be able to offer Uniqlo LifeWear to the people of Manchester and surrounding areas for the first time and show how our high quality, comfortable and functional clothing can help improve their everyday lives.”

    It is hoped that Uniqlo Manchester will fair better than BHS, and in turn compete strongly with fellow fast-fashion brands Primark and H&M, which are currently set up in the millennial-heavy city.

    Uniqlo first launched 20 stores in the UK, but then closed 15 sites outside of London three years later, including two in Manchester.

    It currently operates nine stores across London, one in Kent at Bluewater shopping centre and another in Oxford at Westgate.

    In its most recent earnings update, Uniqlo Europe said that in the year up to August 31, 2018, profits rose from €673,000 to €6.3million on a turnover of €533million, up from €410million.

  • 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.”

  • Uniqlo online Hong Kong launches soon

    Uniqlo online Hong Kong launches soon

    Uniqlo Hong Kong will launch its online store on December 4. A spokesperson for the company said the online platform for Hong Kong and Macau is a fitting solution considering rising rentals and limited space for retailers in Hong Kong, along with the strengthening popularity of e-commerce in the region.

    The brand has operated an online flagship on Alibaba’s Tmall for nine years and has had its own online shop since October.

    According to Uniqlo’s CEO for Greater China Ning Pan, the two existing e-commerce platforms take 15 per cent of sales in China, the majority of that figure from Tmall.

    He explained that while TMall remains an important strategic partner, the new platform will allow the firm to leverage analytics and AI to evaluate buyer preferences.

    The Hong Kong site is now under testing, and will be fully operational come launch day in December.

  • Olympic athlete Ayumu Hirano named as new Uniqlo brand ambassador

    Olympic athlete Ayumu Hirano named as new Uniqlo brand ambassador

    Japanese global apparel retailer Uniqlo has announced a new partnership with professional snowboarder Ayumu Hirano as its newest Global Brand Ambassador. Hirano was a two-time gold medalist in the men’s superpipe competition at the Winter X Games and winner of consecutive silver medals in the half-pipe competition at the 2014 and 2018 Winter Olympics.

    Chairman, president and CEO of Fast Retailing Tadashi Yanai said: “We are greatly inspired by [Mr. Hirano’s] achievements, his creativity and his style – not just on a snowboard, but also in his sense of fashion. His flair and imagination when competing go well beyond expectations, so we will look past conventional wisdom together to achieve something truly unique through this partnership.

    “We look forward to supporting him with special LifeWear items featuring advanced technologies, helping him to reach even greater heights in future,” he said.

    Hirano’s primary role as global brand ambassador is to promote the Uniqlo and LifeWear brands. The partnership will provide opportunities for Hirano to engage in the development of custom products and materials for his performance wear, while also assisting in the design process for LifeWear.

  • Japan’s retail sales lift for 11th consecutive month

    Japan’s retail sales lift for 11th consecutive month

    Japanese retail sales continued to grow in September with the archipelago nation recording its 11th consecutive month of revenue growth in retail. For the four weeks to September 30, retail sales increased 2.1% on the same period last year, according to data by the Japanese trade ministry.

    However, the growth was slower compared to August’s 2.7% expansion in the prior month, signalling a potential slow down in retail spend ahead of the busy Holiday period.

    Last month’s gains were led by rising gasoline prices and high sales of machine tools, as well as food and beverage purchases and clothing.

    In September, car sales slipped and online retailers suffered a decline, said the report.

    On a month-on-month basis, retail sales fell 0.2% in September from the previous month, following August’s 0.9% increase.

    The dropped was the first in four months, adding to fears that consumer spending fell yet again in the third quarter.

    Meanwhile, Japan’s annual core consumer inflation gained 1% in September, the fastest in seven months. However, the inflation was boosted mostly by higher oil prices.

    The retail growth follows a survey from Criteo that states Japanese consumers lead the world in mobile transactions, with customers shopping more while commuting.

    In the latest survey, mobile devices accounted for 55% of all EC transactions, up 4 points on the year. Transactions through smartphones increased 9%, and tablets 3%, but purchases by PC were down 9%.

  • Uniqlo acquires stake in Vietnamese brand

    Uniqlo acquires stake in Vietnamese brand

    Uniqlo’s parent, Fast Retailing, has acquired a 35 per cent stake in Hanoi-based women’s fashion brand Elise. Elise, which has more than 100 stores across the country, is said to have received tens of millions of dollars from the deal – a figure much higher than its entire charter capital.

    This is Fast Retailing’s first significant move into Vietnam since it announced it would launch its Uniqlo brand in Ho Chi Minh City next year.

    The store will be operated by a joint venture between Fast Retailing and Mitsubishi Corporation.

    Vietnam is one of the markets Uniqlo is counting on to double its store network in Southeast Asia and Oceania to around 400 by 2022.

    Uniqlo’s arrival in Vietnam will intensify competition for foreign brands as Zara and H&M who have already successfully launched there.

    According to German firm Statistics Portal, Vietnam’s fashion revenue will annually grow 22.5 per cent from 2017 to 2022, and its clothing sales will surge to an estimated US$245 million this year.

    Another fashion group from Japan, Stripe International, has reportedly bought NEM, a Vietnamese fashion brand which targets female office workers.

  • UNIQLO x ALEXANDER WANG Collection to be launced on November 9

    UNIQLO x ALEXANDER WANG Collection to be launced on November 9

    UNIQLO announced that it will launch the new UNIQLO and ALEXANDER WANG collaboration line in 20 countries and regions around the world on 9 November. In Singapore, the collection will first launch online at UNIQLO.com on 8 November and it will be available in stores from 9 November. The full range will be available at UNIQLO Orchard Central Global Flagship Store and through UNIQLO.com. Selected items will be available at all UNIQLO stores. The range takes the UNIQLO HEATTECH concept of enjoying light and fashionable dressing even in cold seasons and expresses it with new ideas, creating LifeWear that presents HEATTECH as more stylish wear.

    Two images from the launch campaign Warmth Reimagined depict products in an ice block. The metaphorical visual aims to express the thought that HEATTECH transcends the cold and is warm enough to melt away the ice it is encased in. The campaign speaks to the idea that, even though these items are technically ‘innerwear,’ they may be worn as ‘outerwear’ or as visible layers. There is no reason to hide these beautiful, warming garments. Hence Warmth Reimagined.

    The new collection of HEATTECH and HEATTECH Extra Warm items comprises fashionable innerwear with the original functionality of HEATTECH, allowing the wearer to be warm and stylish even in cold seasons. The silhouettes are sharp and slim overall, while the women’s tank top features a unique back design and can be styled with other pieces from the collection. HEATTECH underwear is available in both men’s and women’s lines for the first time. The men’s items include both briefs and boxers, while the women’s range has a bra and shorts. The waist is adorned with a logo, a design element for wearers to casually show.

    The collaboration line includes a range of colours from Alexander Wang’s classic black to neon green. The line also incorporates neo-futuristic elements and sporty styling, such as glossy rib materials reminiscent of 80s fashion. The visual presentation of the comfortable, bias weave fabric is another characteristic of this collection. The fabric itself uniquely changes with body movement, with V-shaped patterns appearing on the surface.

  • Fast Retailing profit soars, mainly Uniqlo

    Fast Retailing profit soars, mainly Uniqlo

    Uniqlo parent Fast Retailing has reported a record full-year profit, due to strong growth in Asia and lessening losses in the US. And the company says current year performance to date suggests even better results lie ahead. Fast Retailing profit rose 34 per cent to US$2.11 billion in the year to August.

    In July the company reported a solid third-quarter, again based on strong sales across Asian markets. Across the first nine months, sales outside Japan rose 28 per cent year on year and operating profit outside Japan soared 65 per cent, driven largely by Uniqlo Asia.

    Online sales were also strong as the Uniqlo brand expanded its reach to new markets.

  • UNIQLO and Alexander Wang Collection Launched

    UNIQLO and Alexander Wang Collection Launched

    UNIQLO announced a new collaboration with top New York fashion designer Alexander Wang. The line brings Alexander Wang’s signature design and styling to UNIQLO’s HEATTECH functional apparel – LifeWear that has kept people warm and comfortable in winter since its debut in 2003.

    About the new collection, Alexander Wang said, “When I look into expanding into additional categories, I seek out partners that really can innovate the product we make and how our fans can access it. UNIQLO are the ideal partners for this collection of innerwear because we share an appreciation of functionality and utilitarianism, and I am thrilled our collaboration has resulted in developing a new HEATTECH line; the perfect place to pick up from where we left off ten years ago.”

    Yuki Katsuta, Group Senior Vice President of Fast Retailing and Head of UNIQLO R&D, commented, “Alexander first collaborated with UNIQLO ten years ago on the UNIQLO Designers Invitation Project. At the time he greatly impressed me with his ability to identify trends. I hope that consumers can enjoy this new dimension in HEATTECH, which takes our long-selling line beyond its innerwear origins by augmenting its functionality with Alexander’s inspiring design.”

  • The theme for Uniqlo’s UTGP 2019 T-shirt design contest is… Pokemon!

    The theme for Uniqlo’s UTGP 2019 T-shirt design contest is… Pokemon!

    Now on its 13th year, UTGP 2019 will accept entries via smartphones and tablets to enable as many as possible to take part. The competition’s Grand Prize winner will receive USD $10,000; other winners will also receive cash prizes. All winning designs of the contest will be featured in Uniqlo Spring/Summer 2019 collection, with t-shirts being avialable for men, women, and kids.

    The competition will be judged by the following:

    • Tsunekazu Ishihara, President of The Pokémon Company
    • Ken Sugimori, Managing Director of Game Freak Inc.
    • NIGO® (UT Creative Director)

    The top three winners will be awarded in a ceremony in Tokyo, and they’ll be able to watch the 2019 Pokémon World Championships in Washington, DC. Entries can be submitted on October 23 until December 2, 2018 (10:59 PHT) at the official UTGP 2019 website.

  • Uniqlo Opens Biggest Southeast Asian Store in Manila

    Uniqlo Opens Biggest Southeast Asian Store in Manila

    Uniqlo opened its largest Southeast Asian store yet on Friday, in Manila’s Glorietta 5 shopping centre.

    The store spans two floors with more than 4000sqm in retail space. The Japanese fast-fashion brand’s 15th global flagship, it has been likened to its stores in Paris, Oxford Street in London, Orchard Road in Singapore and on New York’s Fifth Avenue.

    “The new store offers local and international customers a huge shopping area and a world-class immersive shopping experience featuring large visual displays and state-of-the-art design concepts,” said Uniqlo in a statement.

    “As with other global flagship stores, it will also showcase the full lineup of LifeWear for men, women, kids and babies.”

    Uniqlo Philippines has been running a nationwide campaign as a lead-up to the store’s launch, called ‘Our Future Is Here’. The fast-fashion retailer has been inviting customers to nominate Filipinos who they believe are leaders in sports, film, music, culture, design, and other disciplines, influencing the nation’s future.

    As part of that campaign, an installation from local artist Leeroy New takes centrestage on the store’s second floor.

    “The great success of Uniqlo Philippines is thanks to our customers here,” said John Jay, president for global creative at Uniqlo’s parent, Fast Retailing.

    “The Our Future Is Here campaign is an exciting opportunity to deepen our connection with the city of Manila through our global flagship store, to engage communities and celebrate the innovators who will shape its future.”

    Opening its largest Southeast Asian store in Manila is testament to the Uniqlo brand’s strength in the Philippines.

    The store’s ground floor features the brand’s basics range including its Airism and HeatTech ranges, while the second floor hosts Uniqlo U and Uniqlo UT t-shirt collaborations.

  • G.U has its button on the trends

    G.U has its button on the trends

    G.U, a casual clothing retailer owned by the parent company of Uniqlo, opened its first Korea store in the Lotte World Mall in southern Seoul on September 14 with the promise of bolder patterns and slightly lower prices that can’t be found at its better-known sister brand.

    The 1,390-square-meter (14,960-square-foot) store in the mall’s basement comprises 11 sections divided by gender, age and apparel, from sportswear and pajamas to suits and business casual clothing. GU’s parent company is Japan’s Fast Retailing, best known for Uniqlo.

    “Part of our strategy is to divide sections not only by demographics but style,” said Koh Ah-ra, head of GU’s Korea operation, “and suggest style examples for each section and update products every week to offer consumers an idea of the global fashion trend.”

    At a press event on September 13, Koh noted that half of the store’s floor space had been dedicated to mannequins showing different style options using GU products. Trendiness, she said, is the core identity that separates it from Uniqlo’s focus on good-quality but basic items like white shirts and trousers. For that reason, GU has established research centers in the fashion capitals of Tokyo and London.

    GU is not new to fashion enthusiasts, thanks to its association with Uniqlo. On opening day, there was already a queue outside when the doors opened at 10 a.m.

    The store’s interior does not look drastically different from Uniqlo, with apparel hung in neat lines on clean white shelves. The noticeable difference is the colors and patterns – bright oranges and red checkered patterns that might not be found among Uniqlo’s more earthy tones.

    The Jamsil store has 40 “fashion advisers” on hand to help customers find the right items for their style and offer advice if they want to step outside of the box to try something new. The advisers, according to GU, are tested on their basic knowledge of fashion and are not required to wear uniforms. They pick their own clothes, often in opposition to each other. One employee might be wearing street fashion while another has on business casual, a rare practice in Korean fast fashion.

    GU’s first store in Korea is also a testing ground for retail tech. One is the GU Fashion Stand, a kiosk that shows photos and Instagram posts of models wearing GU items. Customers can tap specific items on the screen to look up product information and put them in a wish list that can be sent to their smartphone.

    The prices, however, are not drastically different from those at Uniqlo, despite GU promoting lower cost as one of its advantages. The discount largely ranged from several thousand won to around 10,000 won (a couple of dollars to US$10) compared to similar items at Uniqlo.

    Several items at the Jamsil store are currently exclusive to Korea, including long padded coats and skinny ankle jeans.

  • H&M Vietnam big expansion in birthday celebration

    H&M Vietnam big expansion in birthday celebration

    H&M Vietnam has opened two new stores, in Ho Chi Minh City and Hanoi.

    The HCMC store is located inside District 7’s Crescent Mall, managed by Savills Vietnam, while the Hanoi store is situated in Vincom Nguyen Chi Thanh.

    Crescent Mall, comprising 45,000sqm of retail space, is one of the city’s earliest international-grade shopping centres and has been trading for about eight years. An extension adding 11,200sqm of retail space, is currently under construction and expected to open late next year, beneath a 25-storey office tower.

    “Crescent Mall is fortunate to be in an area where expansion is still possible,” said Tu Thi Hong An, associate director of commercial leasing at Savills HCMC. “When compared to other areas in Ho Chi Minh, District 7 has been planned and well zoned by Phu My Hung. We hope that H&M will be very happy in this new location.”

    According to Savills, retail turnover in Vietnam last year was US$129 billion, increasing 11 per cent year on year. From now until 2021, the retail market is forecast to grow steadily with the increased demand of leisure (10 per cent per annum), modern grocery (9 per cent) and apparel (6 per cent).

    After entering Vietnam in September last year, H&M Vietnam now has six stores in both Hanoi and HCMC while its rival Zara’s taking time with two outlets, one each in HCMC and Hanoi.

    Another fast-fashion brand, Uniqlo, is planning to expand into Vietnam next year.