JapanNews24’s Post

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

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

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

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

For an apparel retailer with £15bn of FY sales, >15% EBIT margins and market cap of £72bn, Fast Retailing/Uniqlo gets remarkably little attention in the western press. I challenge you to find coverage of today's 9m results, 3Q sales +7.7% cFX, GM +270bp and EBIT +31% Y/Y with margins of 18.9% +260bp, despite profits in China showing a "large decline". Its a shame because, in a world of fast fashion, there is much to admire about Uniqlo, a brand that focuses on good quality mid market basics, genuinely innovates in materials and product and invests for the long-term. In particular it is one of the very few foreign retailers which has succeeded in China (ex luxury/sporting goods), with a 2028 target of Y1tn (£bn) of sales and 3,000 stores. In a consolidating global market, Uniqlo looks a winner. Unfortunately on 4.5x EV/23/24 sales and 28x EBIT valuations are best described as being up with events!

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

"Uniqlo owner sales and profits soar 🚀💰 Uniqlo owner Fast Retailing's profits have skyrocketed as the group's focus in Western markets amid a downturn in its home region has paid off. 🌍📈 #FastRetailing #Uniqlo #RetailSuccess Learn more at databoutique.com - A vast source for public data that helps understand the news in retail. 💼📊" by Retail Gazette about UNIQLO

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

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.