Databoutique.com’s Post

Fast Retailing’s record FY24 sees Uniqlo return to growth in home market The FY24 revenue for Uniqlo and Gu owner Fast Retailing has topped JPY3tn ($2.13bn) for the first time with an industry expert noting it was driven by its Uniqlo brand, which returned to significant growth in its home market of Japan. #JSDaily #FastRetailing #FY24

Fast Retailing Achieves Record Half-Year Earnings - https://lnkd.in/g8DSA_6A TOKYO, Apr 12 (News On Japan) - Fast Retailing, the company behind Uniqlo, reported record half-year sales for the period ending in February this year, buoyed by strong overseas performance in Europe and America, with revenues exceeding 1.59 trillion yen. According to the financial results released by Fast Retailing on April 11, the group's performance for the half-year period saw a 9% increase in sales to 1.5989 trillion yen and a 27.7% increase in net profit to 195.9 billion yen, both setting new records for this period. The success was attributed to the expansion of store numbers and growing brand recognition, particularly in Europe and America, where sales were robust. Additionally, there was high demand for functional innerwear in Southeast Asia. However, in China, sales faced challenges due to the effects of a warm winter and a decline in consumer spending, prompting the company to review its network of stores and sales strategies. In Japan, sales at existing Uniqlo stores fell by just over 3% from the same period last year due to a lack of demand for winter clothing. During a press conference on April 11, Tadashi Yanai, Chairman and President of Fast Retailing, commented on the situation: "Unfortunately, incomes are decreasing, so it's natural that people are holding back on spending," indicating his intention to keep a close eye on consumer trends. Source: NHK Source

Fast Retailing Achieves Record Half-Year Earnings - https://lnkd.in/g8DSA_6A TOKYO, Apr 12 (News On Japan) - Fast Retailing, the company behind Uniqlo, reported record half-year sales for the period ending in February this year, buoyed by strong overseas performance in Europe and America, with revenues exceeding 1.59 trillion yen. According to the financial results released by Fast Retailing on April 11, the group's performance for the half-year period saw a 9% increase in sales to 1.5989 trillion yen and a 27.7% increase in net profit to 195.9 billion yen, both setting new records for this period. The success was attributed to the expansion of store numbers and growing brand recognition, particularly in Europe and America, where sales were robust. Additionally, there was high demand for functional innerwear in Southeast Asia. However, in China, sales faced challenges due to the effects of a warm winter and a decline in consumer spending, prompting the company to review its network of stores and sales strategies. In Japan, sales at existing Uniqlo stores fell by just over 3% from the same period last year due to a lack of demand for winter clothing. During a press conference on April 11, Tadashi Yanai, Chairman and President of Fast Retailing, commented on the situation: "Unfortunately, incomes are decreasing, so it's natural that people are holding back on spending," indicating his intention to keep a close eye on consumer trends. Source: NHK Source

Fast Retailing, the parent company of fashion retailers UNIQLO and Theory, has reported a rise in operating profit, soaring 31% to ¥500.9bn (£2.57bn) for the year ended 31 August 2024. Read more below. #FastRetailing #Uniqlo #revenue #profits #retailnews

The UNIQLO market in the Chinese Mainland experienced significant declines in both revenue and operating profit due to several factors: a high comparison base from the previous year, low consumer willingness, and unfavorable weather conditions that affected product demand. Fast Retailing #chinamarket #fastfashion #japan #financialsummary

'Uniqlo expands brick-and-mortar footprint in Canada 🇨🇦🏬 The apparel retailer will open four stores in the country this fall 🍁 in its quest to reach 200 stores in North America by 2027 🚀 #Uniqlo #BrickAndMortar #CanadianExpansion #RetailNews' by Retail Dive about UNIQLO

V2 retail Business update: Another great result in the retail apparel space. Sales grew by a whopping 64% YoY at 379.99cr. The management has guided to grow sales by 40% for the next 3 years. The company displayed a Same Store Sales Growth of 34% which is a very impressive number, indicating good demand at existing locations. The store count stands at 139 with 14 store openings in Q2. It primarily operates in Tier-II and Tier-III cities, with a chain of “V2 Retail” stores offering apparels and general merchandise, catering to the entire family. V2 Retail caters to the ‘neo middle class’ and ‘middle class’ group of population. Disclaimer: This is not a buy/sell recommendation. Do Your Due Dilligence before investing.

Amazing results and this is its third consecutive year in record earnings for Fast Retailing. Projections for 2025 does not indicate that their business results will slow down. If you wish to read more about how Uniqlo (one of their brands) achieve success, I have a link in the top comment. They should consider calling themselves "Profitable Retailing" instead. #retail #fastretailing #physicalretailisnotdead

It's fascinating to observe the top retailers expanding globally. A notable example from Japan, Uniqlo (Fast Retailing), remains ranked at #8 with presence in 27 countries. From what I've observed, some retailers in Japan are thriving while others seem to lack focus. What are your thoughts on the performance of these top retailers in the Japanese market? #retaillandscape #topplayersinretail #consusmerupdate #consurmernews

Skechers Q3 inventory spike: a strategic outlook on peak season Despite a 24% year-over-year increase in inventory during Q3 2024, Skechers remains confident about its holiday season performance. The inventory buildup is mainly due to excess stock in China and goods in transit. Yet, as COO David Weinberg emphasized, Skechers has the flexibility to strategically redistribute inventory worldwide, ensuring it isn't locked in one market. CFO John Vandemore also highlighted that most of this inventory is fresh, dynamic, and capable of adapting to shifting demands. With a 12% sales boost in 2024, and no significant distribution bottlenecks reported, the company seems poised for a successful peak season. Skechers' adaptability and strategic market insights are worth watching as we approach the holidays, especially with China's Singles’ Day sales around the corner. This example underscores the importance of an agile supply chain in today’s retail landscape. #logistics #supplychain #skechers